The thesis investigates sources of emission reduction benefits (ERB) and the various standards governing carbon credits in India, including regulated and voluntary markets. It highlights the current lack of projects in sectors like construction and transportation, and provides an analysis of the players involved in the carbon market, noting the established framework for CDM implementation. The report concludes that significant potential exists within the Indian carbon market despite underutilization.

1. WELCOME THESIS TOPIC: TO EXAMINE SOURCES OF GENERATING EMISSION REDUCTION BENEFITS (ERB) AND VARIOUS PREVAILING STANDARDS THESIS GUIDE THESIS SUBMITTED BY PROF. V.C.DATE ASHISH PHADKE (P51016) ASHISH RANJAN (P51017) RAJNEESH KUMAR(P51048) PGP PEM-5 13/4/10

3. WHAT IS ERB CARBON CREDIT/CARBON OFFSET DEVELOPMENT OF ERB PRESENT AND FUTURE SCENARIO

4. Sources of ERB

5. ERB STANDARDS AND CARBON MARKET

6. STANDARDS EXAMINED IN REPORT Regulated Standards Market Clean Development Mechanism(CDM) Joint Implementation(JI) Emission Trading (ET) Voluntary Standard Market Voluntary Carbon Standards(vcs) Gold Standards (GS) Verified Emission Reduction(ver+) World Bank (WB)

7. COMPARISON TABLE DEVELOPED

8. COMPARISON TABLE DEVELOPED

9. INDIAN SCENARIO Potential of India in Carbon Market No CDM’s yet in: Construction, Mining/Mineral production, Energy Distribution, Metal production, Solvent use Sector No of projects* Share Energy industries 267 75% Energy demand 12 3% Manufacturing industries 46 13% Chemical industries 1 0% Transportation 1 0% Fugitive emissions from fuels 4 1% Fugitive emissions from the production of halocarbons and sulphur hexa fluoride 4 1% Waste handling and disposal 13 4% Afforestration and reforestation 9 3%

10. PLAYERS IN CARBON MARKET National CDM authority has been established. Designated National Authority(DNA) established in MOEF. Designated Operational Entity(DOE). Over 50 consultancy firms offering CDM services. Central institutional framework for CDM implementation and host country approval is already in place (IPCC). International companies and financial institutions in search of CERs from India.

11. OPPORTUNITIES TO VARIOUS PLAYERS

12. CONCLUSION The industrial and commercial analysis in the report has shown the potential of ERB that included study of various standards and sources

13. BIBLIOGRAPHY Krishnakedar.S.Gumaste (2007) “ Embodied green energy ” . Prof. B.V. Venkatarama Reddy (2005) “ Carbon Market ” . Richard Hyde (2000) Published by St. Edmundsbury Press, Printed in Great Britain, Edition 2001 “ Climate Responsive Carbon Market ” . Bureau Indian Standards - SP-41. Indian Environment Code SP-7. http://www.wbdg.org/ http://en.wikipedia.org/wiki/Carbon Offset http://www.forms.org/index.cfm/ICFtypes http://www.energysavingtrust.org.uk/Cavity-wall-insulation> Research Institute for Sustainable Energy (RISE) http://www.recovery-insulation.co.uk/index.html http://www.daylighting/whole building design guide/ http://unfccc.org/ "Environmental Impact of Energy Conservation by Carbon Credits--Real Case Studies," by Peter Suter Environmental Resource Guide, The American Institute of Architects, 1995 Environmental Choices for Marketers , published by The US Environmentalist' Association(1994) Environment Graphic Standards (AGS), 11th Edition by John Wiley & Sons, Inc.: The American Institute of Architects, March 2007. "Practical Control Strategies for Carbon Markets"(2007) www.igbc.in Lunt, M. G., Stabilized Carbon Market of future. Overseas Environment Notes .

15. Thank You