New Delhi: Seeking to benefit from monetary spin-offs of efforts to check climate change, Railways is gearing up to earn carbon credits by running new generation trains on clean fuel.
“The new trains would be fuel-efficient, recyclable and low-emission,” Ramesh Chandra, chairman, Railway Board told PTI. “This would enable us to reduce the pollution level to a great extent besides earning carbon credits,” he added.
According to the Kyoto protocol, one carbon credit can be earned by reducing a tonne carbon dioxide. “One carbon credit is worth $10 as per the UN Framework Convention on Climate Change (UNFCC) guidelines,” said Chandra.
Indian Railway will be signing soon a letter of intent with the World Bank for getting carbon credits. “This is the first such project in transport sector where Railways will earn carbon credit worth millions,” said Chandra.
Railways is also negotiating with a few global train manufacturers to acquire a few next generation environment friendly trains.
Adoption of energy efficient technology by using light weight coaches and wagons, using regenerative braking system in electric locos, introducing solar based lighting at level crossings and use of renewable sources of energy for railway applications are some of the measures undertaken by the railways to generate certified emission reduction.
“While our old existing locos are being converted into fuel-efficient mode, all new locos are manufactured with upgraded technology. “Railways have also successfully developed a proto type to run on dual fuel — CNG and diesel,” added Chandra.
“There is a need to disseminate knowledge about carbon credits and clean development mechanism and to understand the nitty gritty of the process involved in getting carbon credits from the UNFCC,” said Chandra.