Carbon Bazaar 2009       An Indo‐German Carbon Market Development Initiative 

 

 

 

 

          28‐29 April, New Delhi 

CONTENTS Index Particular Page No. No.

Preface Executive summary Chapter 1 Introduction Chapter 2 Conference 2.1 Day 1 2.1.1 Inaugural Session 2.1.2 Session I: Programme of Activities: New and Emerging Areas 2.1.3 Session II: Buyers, Financers and Investors: Money for Change 2.1.4 Session III: Renewable energy and CDM 2.2 Day 2 2.2.1 Session I: CDM and Municipal Solid Waste (MSW) 2.2.2 Session II: CDM Potential in Energy Sector 2.2.3 Session III: Sustainable Development priorities & Gold Standard CDM projects 2.2.4 Panel Discussion 2.2.5 Valedictory Chapter 3 Business to Business (B2B) Advanced Match Making Meetings 3.1 CDM Project Profiles 3.1.1 Sector wise break-up of the projects 3.1.2 CER’s wise break-up of the projects

3.1.3 List of CDM project proponents for Business to Business meeting

3.2 Buyers Profile 3.3 Business to Business Meetings 3.3.1 Positive outcome of the B2B meetings

3.4 Photo gallery of Business to Business meetings Chapter 4 Exhibition 4.1 Key figures for exhibitors 4.2 Exhibitors 4.3 Visitors 4.4 Feedback Chapter 5 One to One Meeting of Mr. F. Schafhausen, Deputy Director, Energy and

Environment, BMU Annexure I: List of Chairs, Co-chairs and Speakers

Annexure II: April 28 2009: Day 1

• Presentations of Session I

• Presentations of Session II

• Presentations of Session III

Annexure III: April 29 2009: Day 2

• Presentations of Session I

• Presentations of Session II

• Presentations of Session III

Annexure IV: List of Companies requesting B2B Meetings

Annexure V: List of Exhibitors

Annexure VI: List of delegates

Annexure VII: Valedictory Address by Mr. Girish Pradhan, I.A.S, AS, Ministry of Power, GoI.

PREFACE CDM/JI Initiative launched by the German Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU) to encourage the participation of German companies in the flexible mechanisms established under the Kyoto Protocol. At the same time, the Initiative aims to intensify bilateral co-operation with governments and institutions in the host countries for CDM and JI in order to support their respective national climate policies. The initiative will help market players to maximize their use of the opportunities presented by the Clean Development Mechanism (CDM) and Joint Implementation (JI). It particularly targets small and medium-sized enterprises (SMEs) that participate in the EU emission trading scheme in Germany, but also technology providers. The SMEs often lack information about CDM and JI project implementation and relevant networks in host countries, which are needed to leverage investments for projects and to complete emissions-trading agreements. The activities conducted as part of the initiative take a long-term approach and pursue a clear objective of continuing cooperation efforts when the first Kyoto Protocol commitment period ends in 2012. Innovative instruments like the programmatic approach, with the potential to scale up the flexible mechanisms and to tap new sectors, are therefore also part of the scope of the Initiative. As an international organization dedicated to the cause of sustainable development, we at GTZ-India have a strong belief in utilizing international cooperation to achieve political, economic, ecological and social development in a globalised world. We believe that the Clean Development Mechanism (CDM) can help India achieve its aim of creating a sustainable low carbon economy and have been actively involved with the capacity building efforts in the field. On behalf of the BMU, GTZ aims to develop portfolios of CDM projects in India that can be implemented before 2012. CDM projects in India operate in a very competitive environment, and specific market information provided by GTZ can facilitate the successful implementation, investment and technology transfer for CDM projects.

EXECUTIVE SUMMARY

Under Indo-German bilateral cooperation GTZ has provided technical support to National CDM Authority, Ministry of Environment and Forest, Government of India to build capacity and develop Carbon Market in India since 2003. To further strengthen the CDM Market and to establish direct linkages between the buyer and sellers, BMU (Bundesministerium für Umwelt, Naturschutz und Reaktorsicherheit) German Federal Ministry for the Environment, Nature Conservation and Nuclear Safety has extended support for Clean Development Mechanism (CDM) and Joint Implementation (JI) initiative. In order to facilitate this objective GTZ Climate Change Mitigation, New Delhi, India in collaboration with Ministry of Environment and Forests, Government of India organized ‘Carbon Bazaar 2009’ on 28-29 April, to take CDM to the next level in carbon trading in India. The Carbon Bazaar 2009 offered a platform for interaction between carbon market developers, investors, buyers and sellers, public & private sector units, facilitators, Chambers of Commerce, State and Central Government policy makers, consultants, technology providers to strengthen direct linkages. It had 3 components namely Conference, Business to Business Meeting and Exhibition. The event had an overwhelming participation of over 700 delegates in two days. The two day conference dealt with pertinent and emerging issues related to carbon markets and clean development mechanism. The issues dealt with were:

1. Programme of Activities: New and Emerging Areas 2. Buyers, Financers and Investors: Money for Change 3. Renewable energy and CDM 4. CDM and Municipal Solid Waste (MSW) 5. CDM Potential in Energy Sector 6. Sustainable Development priorities & Gold Standard CDM projects 7. Future of CDM and Low Carbon High Growth Economy

Prolific and successful B2B advanced match making meetings were taking place simultaneously. The B2B Meetings resulted in 19 projects out of 82 to enter into a Memorandum of Understanding with buyers, investors and technology transferors from different parts of the world. The Exhibition component of the event showcased innovative state art of technologies from various stakeholders in the carbon market. There were in all 20 stalls and 3 special displays namely two solar rickshaws and the electric golf cart. This event was a huge success because of the success of GTZ’s capacity building programme CDM India since the year 2003. GTZ CDM-India has emerged as one of the main CDM Knowledge Management Centre in India. It is a neutral entity working to develop the Carbon Market in India in cooperation with Ministry of Environment and Forests, Government of India. It has a dedicated team of national and international experts which provide technical support.

CHAPTER-1 INTRODUCTION

India has a huge potential for CDM projects. It has been a leading destination for CDM projects since the beginning of the CDM in the world. It has been ranked the leading country to have highest number of registered protects until Feb 2009. GTZ CDM India has been a knowledge partner to National Clean Development Mechanism Authority (NCDMA) of India since the institutionalization of CDM in India in 2003. Over the years GTZ CDM India has created awareness about CDM through several capacity building programs and seminars in India. GTZ CDM India has successfully created awareness amongst more than 10,000 project developers and trained more than 100 consultants till date. GTZ CDM India has facilitated the data collection in specific areas, developed new Methodologies and assisted the Central Electricity Authority in publishing “National CO2 Baseline Database for Power sector”. The first commitment period of CDM under the Kyoto Protocol is about to end in 2012 and still the concept of CDM has been limited to the large Industrial sectors. India has more than 1000 Small and Medium Enterprises units which have huge CDM potential. Presently these Small and Medium Enterprises units are highly energy inefficient and are not aware about the opportunities arising due to Kyoto Protocol. Keeping a pace with its mandate to promote CDM in India, the German Federal Ministry for Environment conservation and Nuclear Safety (BMU) launched the BMU CDM JI Initiative on Aug 2008. The BMU CDM JI initiative would mainly focus on promotion of CDM among Small and Medium Enterprises and development of new potential CDM sectors. This initiative would explore the opportunities of technology transfer and investment for German industry and would reduce the transaction costs related to CDM projects, would help in development of Program of Activities, and establish early contacts with Buyers/Technology Transferors/ Investors from Germany. To meet the above mentioned objectives of BMU CDM JI initiative, GTZ Climate Change Mitigation Unit promoted CDM through workshops and seminars in 4 states of India and compiled the CDM country analysis report with major focus on SME units. To further accelerated the BMU CDM JI initiative, it was decided to organize the event “Carbon Bazaar 2009” which would serve as a meeting ground for different market players like carbon market developers, investors, buyers and sellers, public & private sector units facilitators, Chambers of Commerce, State and Central Government policy makers, consultants and technology providers. This Carbon Bazaar 2009 event was held on 28-29 April 2009 and has successfully strengthened the foundation of the BMU CDM JI Initiative in India. The event comprised of 3 components i.e. Conference, Business to Business meetings and Exhibition. This report would elaborate the outcome of all the 3 components of the Carbon Bazaar 2009 event.

CHAPTER-2 CONFERENCE

2.1 DAY 1 The first day of the conference had in all four sessions. The first session was the inaugural

session where the event was announced open by lighting the ceremonious lamp by Shri Vijai

Sharma, Secretary, Ministry of Environment and Forests, Govt. of India; Mr. Franzjosef.

Schafhausen, Deputy Director General ‘Environment and Energy’ – German Federal Ministry for

the Environment, Nature Conservation and Nuclear Safety (BMU) and Mr. Guenter Dresruesse,

Country Director, GTZ, India. The rest of the day had three technical sessions on the topics of

Programme of Activities: New and Emerging Areas; Buyers, Financers and Investors: Money for

Change; and Renewable energy and CDM. The highlights of each session are briefed below.

2.1.1 Inaugural Session The curtain of the event was raised by distinguished officials from German Ministry of

Environment, Ministry of Environment and Forests, Govt. of India, and German Technical

Cooperation (GTZ), India, by lighting the Lamp and a warm welcome of the delegates and

participants.

Inaugural session: Lighting of the ceremonious lamp

In the inaugural addresses, Secretary, MoEF, Govt. of India expressed his gratitude and

mentioned that it is a matter of delight to organize such event named Carbon Bazaar 2009 in

cooperation with the German Ministry of Environment (BMU) and German Technical

Cooperation (GTZ) India. He said that he was sure the event would address some key concerns

on the Carbon Market Potential, the business opportunities and future regime.

The Inaugural Panel: Mr. Franzjosef Schafahusen, Shri Vijai Sharma, Mr. Guenter

Dresruesse

Indo-German bilateral development cooperation has completed 50 years in 2008, actually the

cooperation started since Conference of Parties (COP 7) of UNFCCC in Berlin, Germany. India

realizes the vital need for bilateral and multilateral international cooperation which focuses not

only on governments and international agencies but also among other major sectors such as

private sector, the civil society and voluntary organizations. Our shared belief that

environmentally harmful processes should be stopped and overexploitation of non-renewable

resources be controlled, has driven our efforts to such international cooperation initiatives. The

major thrust of bilateral cooperation with Ministry of Environment & Forests through GTZ-India is

that it actively co-operates with the Designated National Authority (DNA)-Ministry of

Environment and Forests (MoEF) for institutionalizing CDM projects in India. GTZ CDM-India

has emerged as one of the main CDM Knowledge Management Centre in India and

collaborating with Ministry’s efforts on climate change issue. This technical cooperation is also

managing the MoEF-CDM website http://cdmindia.nic.in and the new initiative of online

submission of projects for host country approval has been very much appreciated by GoI.

Secretary, MoEF, Govt. of India stressed that he believes that the interactions, especially the

business interactions, lead to fruitful results and the Indo-German environmental cooperation

gets more diversified. This Forum will serve a useful purpose through putting the bilateral

business perspectives in place and thus build up this bilateral relationship and strengthen this

strategic alliance in the times to come.

Mr. F. Schafhausen from German Ministry of Environment, Berlin expressed that it was a

pleasure to organize Carbon Bazaar 2009 in cooperation with Ministry of Environment &

Forests, GoI. German Ministry of Environment very much appreciated the association and

cooperative ways of working with GoI especially in Environment Sector and categorically in the

field of climate change, which is an issue of great concern.

In this context, it is important to emphasize that the prerogative of Clean Development

Mechanism (CDM) is quite broad and countries should understand the need of the hour. In the

present scenario, along with CDM, the stress should also be given on emission trading aspects,

as a marketing instrument to promote trade between industrialized countries of high economic

growth. The idea should be focused on demand and supply side. To cope with the future of

CDM it is now essential to define clear emission targets. As per the German/European emission

trading schemes, it has proposed 21% reduction of emission especially from power sector.

The countries that have ratified Kyoto Protocol must target ambitiously but stress should also be

given to those who have not ratified it so far. The world must come together to focus on the

phenomena of common but differentiated responsibilities (CBDR). Investment on technology

and promotion of technology transfer are also key areas in this regard, to consider CDM beyond

2012. We may call it a modified CDM approach with additionality component of financial and

social attributes. The outcome of a CDM project should be positive that could contribute to

sustainable aspects of climate change debate.

Vote of thanks: Dr. Juergen Bischoff

On behalf of GTZ India, Dr. Juergen Bischoff thanked Mr. Vijai Sharma and Mr. Franzjosef

Schafhausen for sparing their time for Carbon Bazaar 2009. He said that Carbon Bazaar has

laid the initial foundation of the BMU CDM JI Initiative in India. The initiative has a mandate to

develop new sectors having CDM potential, with major focus on the Small and Medium

Enterprises. Carbon Bazaar 2009 have been instrumental in bringing CDM stakeholders from all

spheres of the CDM business including Carbon Market developers, buyers and sellers, public &

private sector units, facilitators, Chambers of Commerce, State and Central Government Policy

Makers, consultants and technology providers.

He thanked all the speakers who shared their valuable experience related to the different

aspects of CDM. He said that panel discussions would raise and stimulate valuable insights,

which would help to crystallize the thought process on the subject. Dr. Bischoff also thanked

GTZ team and Ministry of Environment and Forest officials, who have worked tirelessly for 3

months to make this event a success

Finally Dr. Bischoff appreciated all the participants for joining the event.

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2.1.2 Session I: Programme of Activities: New and Emerging Areas

Programmatic CDM (pCDM) or PoA is clearly emerging as the “new CDM” due to various

inherent benefits it offers, leading to higher uptake of projects resulting in higher volume CERs

combined with a better degree of predictability. There are only a handful of pCDM projects in the

public domain under development and validation. However there is already a significant

momentum gained in designing pCDM projects in the developing countries. pCDM offers many

benefits as compared to traditional CDM projects. They include possibility to register an

unlimited number of CDM project activities under a single CDM program of activities. In other

words, complementing traditional CDM that focuses on emission reductions (ERs) achieved in a

single site, programmatic CDM allows the aggregation of ERs achieved in a dispersed manner.

pCDM broadens the scope of the CDM to include small and medium enterprises, renewable

energy or energy efficiency in homes and buildings, and individual/family transportation. Such

micro level inclusions benefit them greatly as each of them could individually achieve only a

minimal level of emission reductions that would not be high enough to enter the market.

Chair: Mr. R K. Sethi, Member (Alternate) CDM-EB Co-Chair: Mr. Thomas Forth

& Ex-chairman CDM-EB / Senior Expert, BMU

Director (Climate Change), MoEF, Govt. of India.

The speakers at the Panel were Mr. Bernhard Zander, First Vice President, KfW Carbon Fund;

Ms K. Usha Rao, Project Manager, KfW; Mr. Atul Sangal, Chief Consultant, Carbon Advisory

Business, Emergent Ventures India Private Limited; Mr. Y. Dinesh Babu, CEO, IDEACarbon,

The Carbon Rating Agency; Mr. Bratin Roy, Product Head-CDM, TUV-SUD South Asia.

The Emergent-Ventures shared their views and a case study commissioned by MNRE to

develop a Framework for Programmatic CDM for Renewable Energy in India that elucidated the

key implementation steps in a PoA, PoA/ CPA registration process, PoA impact on public policy.

The TUV SUD presented an overall perspective of PoAs, the registration process, DOE

perspective, and the specific implications of inadequate validation opinions for PoA

The Panel of Session 1: Programme of Activities: New and Emerging Areas

KFW shared experiences and vision of foreign investors and banking sector. KFW specifically

mentioned about Programmatic CDM in India and about the present scenario & challenges.

They also touched upon the relevant and current emerging issues for PoA incentive or policy

implementation program as CDM project market entry barriers for PoAs. KFW briefed about the

PoA Support Center Germany and its ways of working and mentioned the PoA related risks -

preparation and implementation.

During the session speakers shared their sector specific PoA ideas viz Energetic building

rehabilitation, household stoves and domestic biogas, fuel switch and energy efficiency, SME

service sector and transport, small and micro renewable energy and CFLs.

The deliberations provided a wide scope for both the panelist and the participants to express

that there is a strong interest from India in PoA support programme of Germany.

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2.1.3 Session II: Buyers, Financers and investors: Money for Change

A smooth implementation of the CDM in India, however, requires mobilizing and establishing a

strong capacity initiative in the financial sector. Although CDM awareness in the financial sector

has grown in the recent past due to major outreach programmes run by bilateral agencies, the

level of awareness of CDM opportunities in the Indian financial and insurance sector, in general,

remains low and is concentrated in a few financial institutions. The element of risk involved in

investments in CDM projects, consequently, is of serious concern to investors and lenders

considering giving credit for CDM projects. The typical risk components include issues related to

uncertain revenues due to volatile CER markets, uncertain costs for CDM project development,

unreliable crediting lifetime for the project, and a variable discount rate.

Chair: Mr. Bernhard Zander Co-Chair: Ms. Pamposh Bhat, First Vice President, KFW Carbon Fund Director, Climate Change

German Technical Cooperation (GTZ)

India

The speakers at the Panel were Mr. Umesh Chabra , Head Corporate Client Relationship -

CABG and Carbon Credit ICICI Bank Limited- Mumbai; Mr. K. Umamaheswaran , Dy. Team

Leader, CPU GTZ-IS; Mr. Abhijit Chatterjee, Head Sustainability Services, eaga India Private

Limited; Mr. S. Raghupathy, Senior Director and Head of Godrej Green Business Centre,

Confederation of Indian Industry (CII); Mr. Unmesh Brahme, Senior Vice President, HSBC.

eaga Energy India Pvt. Ltd. mainly focused upon the bundling, PoAs and financing aspects of

community based CDM projects and the implications of next Kyoto phase on community based

projects. It was highlighted that promotion of community projects needs simplified approach,

reduce transaction costs financing: CERs for OpEx, Risk sharing a key factor for success.

CII presented its endeavour to CII’s Mission on sustainable growth, facilitating ecologically

sustainable business growth, green buildings and world class energy efficiency - examples of

success; seek the participation of industry, government, multilateral organizations and others in

this endeavor.

The Panelists of Session II on Buyers, Financers and investors: Money for Change

ICICI Bank provided an insight on the complex financing mechanism for CDM projects and gave

an elaborated view on the need of national policy on carbon credit. It highlighted the need of

national policy on carbon credit, need of regulatory framework and need for regulator and formal

trading mechanism for carbon credit.

The GTZ-CPU presented an overview on projects financing, where debt and equity are used to

finance the project. It was stated that debt is repaid using the cash flow generated by operation

of the project, rather than the general assets or credit worthiness of the project sponsors.

HSBC Bank highlighted the experience and emphasized on the HSBC climate change indices,

the regulatory, institutional, technology and the risk associated with environmental and social

compliance with an additional benefit.

The session brought out the facts about financing small scale & community linked CDM

Projects that Community CDM projects can access carbon market, scalability is the key and

hence, the ‘real’ CDM = CC mitigation + local sustainable development.

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2.1.4 Session III: Renewable Energy and CDM Shortcomings in meeting National Energy Policy objectives as well as threats posed by climate

change put pressure on Indian energy politics to consider alternative options such as enhanced

renewable energy deployment. The challenge is how to assist emerging economies such as

India to leapfrog a polluting development path by facilitating the transition to alternative sources

of power generation. The Clean Development Mechanism (CDM) provides industrialized

countries with an incentive to invest in emission reduction projects in developing countries to

achieve a reduction in CO2 emissions at lowest cost that also promotes sustainable

development in the host country. Renewable Energy Sector is one of the interests under the

CDM because they directly displace greenhouse gas emissions while contributing to sustainable

development by reducing local pollutants.

Chair: Mr. Konrad Raeschke-Kessler Co Chair : Mr. Debashish Majumdar DeHSt (German DNA) Managing Director, IREDA

The speakers of the session were Dr. P.C. Maithani, Director, MNRE; Mr. Mohan Reddy,

Director, Zenith Energy; Mr. Deepak Zade, Executive Vice President, MITCON Consultancy

Services Ltd.; Mr. Mathias Laub, CDM JI Project Analyst, EnBW Trading GmbH.

The Panelists of Session III on Renewable Energy and CDM

MITCON Consultancy Ltd. gave a very descriptive overview of Relevance of CDM in

development of renewable energy. The specifications were shared on wind power, small hydro

electric and baggase based cogeneration projects and more so the challenges within the

renewable energy sector project of CDM.

Ministry of New and Renewable Energy (MNRE) presented a very relevant and burning issue on

CDM in renewable energy and the present perspective and beyond 2012 scenario. MNRE

added that renewables are already seen as an important option for sustainable world with

carbon-free energy economy. Carbon trading is likely to remain under any kind of post Kyoto

regime. The new regime could draw from CDM’s direct link to UNFCCC system and obligations

and improve the bottlenecks - inflexible and slow process, Technology linked CDM could be an

option that sets technology transfer/absorption priorities

EnBW Trading GmbH gave a German perspective on renewable CDM projects from the

perspective of a major German compliance buyer.

During the deliberations discussion were held for good accredited Indian consultants for

developing PCN and PDD for CDM projects. It was responded that 8 CDM consultants have

been accredited by the Quality Council of India to be fit for CDM consultancy. Similarly on the

issue of supercritical boilers, it was informed that it is anticipated that by 12th Plan about 5000-

10,000 MW of electricity will be generated using supercritical boilers.

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2.2 DAY 2, April 29, 2009 The Second day of the Carbon Bazaar had four sessions. Three of the sessions were technical

sessions on CDM and Municipal Solid Waste; CDM Potential in Energy Sector; and Sustainable

Development Priorities & Gold Standard CDM projects and the last session was Panel

Discussion on Future of CDM and Low Carbon High Growth Economy. The highlights of the

same have been briefed below.

2.2.1 Session I: CDM and Municipal Solid Waste

The Day 2 began with technical Session on CDM and Municipal Solid Waste (MSW).

India produces 1 lakh metric tones of MSW each day. In the absence of proper management

and landfill facility, majority of the waste is dumped in open dumping grounds within the cities.

The Municipal Solid Waste Management and Handling Rules- 2000 make it mandatory for every

municipality to have a proper waste management system consisting of sanitary landfill facility.

The non compliance of this law throughout India makes it eligible for Carbon credits.

Chair: Mr. J K Dadoo, I.A.S. Co Chair: Ms. Pamposh Bhat, Secretary (Environment) Director Climate Change

Government of National Capital Territory of Delhi German Technical Cooperation

(GTZ), India

The speakers of the session were Mr. Mahesh Babu, CEO, Infrastructure Leasing & Financial

Services Ecosmart Limited; Dr. B. Padmaja, Director of Ramky Infra Consulting Private Limited;

Mr.Sampath Kumar, Managing Director, TIDE Technocrats Pvt. Ltd.; Mr. Damodar Sharma,

I.A.S, Municipal Commissioner, Jaipur.

The Panelists of Session I on CDM and Municipal Solid Waste

IL&FS Ecosmart Ltd. while presenting its views on carbon financing of SWM projects elucidated

the green benefits of processing MSW emphasizing on the fact that municipalities spend money

in collection and transportation, but it is in the disposal that there is maximum lacuna and gap.

Reiterating its stand towards a sustainable India, it presented case studies on composting

projects in Udumalpet, Mettupalayam, Coonoor, Erode, Trichy and Pollachi and bundled waste

processing facilities in Jalandhar in Punjab, Mysore in Karnataka and Kozhikode in Kerala and

stressed on the benefits of upfront carbon financing.

Representative from Ramky Energy & Environment Ltd presented on municipal solid waste and

CDM Indian perspective and added on framework & the prevailing model of MSW in India. Also

the financial viability of CDM projects in the MSW sector was discussed.

TIDE Technocrats (P) Limited Bangalore, a consulting company with project areas of municipal

solid waste management process and disposal, biomass assessment and CDM for waste and

renewable energy projects represented by N. Sampath Kumar presented a broad perspective

on global scenario of CDM in solid waste management enumerating the solid waste CDM

methodologies and giving the relevance of CDM in the Indian CDM context

Damodar Sharma (IAS), Commissioner, JMC gave a presentation on Jaipur Municipal

Corporation in the field of CDM (reduction in GHG ) – SWM in which he expressed that the

urban infrastructure sub-projects forming part of the Rajasthan Urban Sector Development

Investment Program (RUSDIP) have potentials for reducing emission of greenhouse gases such

as methane (CH4) and carbon dioxide (CO2).

The session brought out the technicalities and challenges involved in the municipal solid waste

sector in relation to CDM. Speakers also dealt with the Indian and global scenario in the sector.

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2.2.2 Session II: CDM Potential in Energy Sector

Energy has been universally recognized as one of the most important inputs for economic

growth and human development. There is a strong two-way relationship between economic

development and energy consumption. On one hand, growth of an economy, with its global

competitiveness, hinges on the availability of cost-effective and environment friendly energy

sources, and on the other hand, the level of economic development has been observed to be

reliant on the energy demand. Clean Development Mechanism (CDM) as one of the 3 flexible

mechanism of Kyoto protocol works between those countries who have agreed emissions

reduction targets, under UNFCCC and those who have not i.e. non-annex countries or the bulk

of developing world. CDM encourages cleaner development and bring infusion of investments

and technologies; which thus provides them an opportunity to adopt cleaner technologies and

be paid for emission reductions. Chair: Mr. V.S. Verma, Co-Chair: Mr. Rudolf Rauch Member, Central Electricity Regulatory Commission Manager, GTZ-IGEN Government of India Bureau of Energy Efficiency (BEE) The speakers of the session were Mr. Amarjeet Singh, Chief Engineer, Conservation and

Efficiency Division, Central Electricity Authority; Mr. Oskar Von Maltzan, India Country Director,

KfW; Mr. Praveen Gupta, Deputy Director, Conservation and Efficiency Division, Central

Electricity Authority; Mr. Deb Ashish Mukherjee, Managing Director, eaga India Private

Limited.

Amarjeet Singh from the Central Electricity Authority in his presentation on Carbon Dioxide

Emission Database for the Indian power sector gave an overview of the current Indian power

scenario and discussed the future programme of CEA. With an emphasis on the capacity

addition expected during the 11th Plan (2007-2012), he gave a tentative target that 14,000 MW

of electricity consisting of Wind Power (10,500 MW), biomass power baggasse co-generation

(2,100 MW), small hydro (up to 25 MW) (1,400 MW) will be looked up for.

Representative from KfW in their presentation on ‘German Financial Cooperation with India:

goals, sectors & links to CDM’ presented the goals and areas of promotion on behalf of the

German Federal Government. KfW Entwicklungsbank finances investment and advisory

services in developing countries and brought to front their willingness for Financial Cooperation

(FC) with Indian energy sector and renewable energy programmes.

The Panelists of Session II CDM Potential in Energy Sector

Mr.Praveen Gupta, Deputy Director, Central Electricity Authority on his topic on ‘Baseline

Emission Factor for coal based supercritical power plants’ discussed the applicability of CDM

approved consolidated baseline and monitoring methodology ACM0013 for new coal based

generating units with supercritical parameters as supercritical technology efficiency is about 2%

higher than conventional sub critical technology.

Mr. Deb A. Mukherjee, Managing Director, eaga Energy India Private Limited, gave a

presentation on ‘Energy Efficiency and Role of ESCOs’ where he presented a definitive

approach and a holistic approach to ESCOs in India. The presentation touched upon issues

pertaining to incentivize ESCO, broadening the ESCO market spread and presented a recipe of

successful ESCO with a suggestion that ESCO in India should work like PPP project or on

BOOT Basis.

The session dealt with critical issues about the role of ESCOs, Carbon dioxide Emission

Database for the Indian Power Sector and German Financial Cooperation with India.

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2.2.3 Session III: Sustainable Development Priorities & Gold Standard CDM Projects.

Gold Standard CDM projects is a tool which ensure that the CDM and JI deliver credible

projects with real environmental benefits and, in doing so it provides confidence to host

countries and to the CDM stakeholder that the Gold Standard projects includes new and

additional investments which contributes in sustainable development.

Chair: Mr. R K. Sethi, Member (Alternate) CDM-EB Co-Chair: Ms. Pamposh Bhat & Ex-chairman CDM-EB/ Director Climate Change, Director (Climate Change), MoEF, Govt. of India. German Technical Cooperation

(GTZ), India

The speakers of the session were Mr. Mohan Reddy, Director, Zenith Energy Pvt. Ltd.; Mr. Badal Shah, Managing Director, Gadhia Solar Energy Systems Pvt. Ltd.; Mr. S.K.Gupta,

Director, SP & CAD, Bureau of Indian Standards; Dr Thilotham, Consultant, Zenith Energy Pvt.

Ltd.

The Panelists of Session III on Sustainable Development priorities & Gold Standard CDM

projects

Zenith Energy, Hyderabad, presenting on the topic of Gold Standard (GS) tried to recapitulate

the GS Rules that GS rules follow more or less UNFCCC regulations and that GS requirements

present the fundamental principles and rules of GS certification. Zenith Energy also mentioned

that renewable energy projects and end use energy efficiency projects are most appropriate for

Gold Standard projects.

Representative from Gadhia solar in his presentation on ‘1st Gold Standard Project from India’

highlighted the Gadhia Solar mission to leverage on experience in solar thermal and work

towards making solar thermal application a mega scale reality and mentioned about their

pioneer efforts in solar thermal technologies, which is India’s First Solar Gold Standards

Premium Carbon Credit -CDM Project accredited by UNFCCC. He also mentioned that they are

in process for setting up 100 MW Solar Power Generation Plant at Gujarat. He informed that

Gadhia Solar had signed a MoU with Govt. of Gujarat at “Vibrant Gujarat Global Investor’s

Summit - 2009” for the said project.

Representative from Bureau of Indian Standards, mentioned the objectives of harmonious

development of the activities of standardization, quality and certification and emphasized that

the Standardization is the primary vehicle to disseminate procedures, documentation and

methodologies to both participants and stakeholders in the CDM and JI.

Thilotham R.Kolanu from M/s.Amreli Power Projects Private Limited (APPL) in his presentation

on ‘Gold Standard CDM Project - Biomass Power Project in Amreli District, Gujarat’, gave an

insight of this first biomass based power plant in Gujarat State and discussed its special

features, barriers for development, sustainable development issues, local stakeholder

consultation and how the project fits in to GS norms.

This session dealt with issues like most appropriate for Gold Standard projects, 1st Gold

Standard Project from India, Standardization and first biomass based power plant in Gujarat

State.

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2.2.4 Panel Discussion: Future of CDM and Low Carbon High Growth Economy Moderator: Dr. Prodipto Ghosh, Chairman, Climate Change Task Force, Federation of Indian

Chambers of Commerce and Industry (FICCI)

The distinguished panelists were Mr. Franzjosef Schafhausen, Deputy Director General

‘Environment and Energy’ - German Federal Ministry for Environment, Nature Conservation and

Nuclear Safety(BMU); Mr. V.S. Verma, Member, Central Electricity Regulatory Commission,

Government of India; Mr. R.K. Sethi, Member (Alternate) and Ex-Chair EB/ Member Secretary,

NCDMA, India; Mr. Konrad Raeschke-Kessler, DeHSt (German DNA); Mr. Nils Medenbach,

Regional Manager India, First Climate Group, Kolkata; Mr. S.K. Pati, Chief Power Stations,

Tata Steel; and Mr. Girish Pradhan, I.A.S. Additional Secretary, Ministry of Power, Government

of India.

The Panelists of Session on Panel discussion on Future of CDM and Low Carbon High

Growth Economy

Dr. Prodipto Ghosh, Chairman, Climate Change Task Force, Federation of Indian Chambers

of Commerce and Industry (FICCI) highlighted the post 2012 scenario and said that it is

important for India to grow and develop but the question is about the growth with low emission

rates. He expressed his concern that the negotiations towards Copenhagen could lose sight of

the science and that negotiators needed to go beyond fixed positions. There is a danger that

countries might go to Copenhagen with frozen positions and not face up fully to what is

happening to the climate. He further mentioned that tackling future risks involves addressing

both today’s vulnerabilities and planning for future impacts, stressing that financing adaptation

should be carried out at multiple levels.

The idea of using the CDM as a tool for future mitigation action in developing countries (in

compliance with Article 4.7) has been mooted long before the advent of the Bali Action Plan.

Ambassador, Chandrashekar Dasgupta (former chief climate change negotiator for India),

expressed some time ago the view that “it is essential to raise the Clean Development

Mechanism from a project-based level to a sector or programme-based level. This holds the key

to success for a second commitment period under the Kyoto Protocol.”

He said the fuel efficiency of India is, together with Japan, the best in the world as shown in the

statistics of the World Bank. The world's most efficient refinery is in India. There are also a large

number of projects in the pipeline for the future. The need for affordable technology is

paramount as the problems facing India due to climate change are already present. In essence,

India has to balance the two goals of development and climate protection.

He concluded with the opinion that India and the world in general should understand that

climate change is the major challenge that should be tackled with the motto of common but

differentiated responsibility (CBDR).

Mr. Franzjosef Schafhausen, Deputy Director General ‘Environment and Energy’ - German

Federal Ministry For the Environment, Nature Conservation and Nuclear Safety, said that CDM

has been an instrument for allowing the nations to reduce emissions by executing projects

which help countries in sustainable development. India has been very efficiently executing CDM

projects which have made them a leading destination. He went on to say that CDM is not going

to come to an end post 2012. What he perceives is that it will surely continue but may be in a

different form with new objectives and targets. He also said that Germany is prepared to help

India by helping develop bilateral projects. As of now there have been no bilateral projects in

India. All the projects have been unilateral. He foresees that there would be good cooperation

from India and encouragement for the exchange of knowledge and technology transfer. As far

as the process of ‘low carbon and high growth’ entails, India seems to be well tuned. To ensure

our future prosperity, we need a high-growth and low-carbon world economy. This may sound

aspirational. Yet, many business leaders around the world are increasingly convinced of the

long-term growth potential of the low-carbon economy. He said that that low-carbon economic

prosperity is not just an industrialized country issue; it is very much an agenda for sustainable

international development, especially in emerging markets. He also said that analysis suggests

that building a low-carbon global economy will require significant, long-term financial flows into

developing countries. A secure climate is essential for our prosperity and our security. And

developed nations must take the lead. Unlike the security challenges that defined the last

century, climate change is a problem for which there are no classic hard power solutions.

Mr. R.K. Sethi, Member (Alternate) and Ex-Chair Executive Board/ Member Secretary,

NCDMA, India, pointed out the issues of supercritical boiler and that there are lots of issues

pending on the board but it was made clear that it was not promotion of coal through CDM but

the promotion of energy efficiency through CDM. He said that in this context the new concept of

NAMAs i.e. Nationally Appropriate Mitigation Actions there are apprehensions of getting some

credits. On the issues of simplification of the CDM process, he added that since we can put

forth that environmental integrity is inversely proportional to simplicity and where each CER is

an offset tradable entity, the process has to take note of the different considerations with utmost

care and verifications. There were issues that the DOEs still are a stumbling block in the CDM

process but the matter is almost sorted out by the board.

In his remarks at the concluding session he mentioned that from issues of ‘Low Carbon

Economic Growth’ and India’s obligation, it was clear in the reports from World Bank that India

is well tuned on the path of Low Carbon Economic growth and in a situation when half of the

Indian population is still not having access to electricity, its important for us to fulfill our

Millennium Development Goals, but we will surely go by the sustainable development route.

Mr. Konrad Raeschke-Kessler, DeHSt (German DNA) spoke about the German DNA and

pointed out that there is an urgent need of proper understanding of the issue relating to the

supply and demand of the CERs both in India and Germany. India should concentrate on quality

CDM projects. He went on to tell us about the German DNA’s role and also congratulated India

on being the most active DNA in the world. In his final remarks he said that there is a lot to learn

from each other and hence cooperation is sought from both the sides.

Mr. Nils Medenbach, Regional Manager India, First Climate Group, Kolkata, said that the

bottom line from his point of view is that Kyoto Protocol and carbon trading has so far been a

means for the Indian industry to get additional revenue streams. In fact the Indian market has

probably been most efficient to do so, because of a flourishing consulting industry which

evolved around CDM, spread it across the market and facilitated huge number of projects He

also went on to say that even after initial years there is not enough scope for international

intermediaries and market facilitators and some investment at risk lead to good additional

revenue streams for many Indian companies. He opined that the Indian CDM market does not

want to question Additionality –which project deserves extra merits, which not- and it is clearly

visible that the CDM has led to or at least facilitated, major improvements in the sustainability of

Indian industry.

But clearly the picture changes! The low hanging fruits in the CDM market are being harvested

since long and projects which deserve the extra merits do actually face real risks and difficulties

in financial closure and implementation – (Situation gets worse with the financial market crash

and the much more difficult investment climate). Also stringency of CDM and increased rejection

rates make it ever more demanding to earn CDM revenues. Indian project proponents are

increasingly looking for support from international players, but even international players are

often not willing to take the risks: this is because Rejection rate has been especially high in India

and many activities become more and more common practice, Indian projects are typically very

small, Time window until 2012 is closing rapidly – projects kicked off now can earn maximum 1-

2 years during Kyoto phase, Returns (in terms of CER volume) until 2012 are small and the

costs at risk become comparably large also International buyers do no more offer the model of

taking all CDM costs and risks in return for a forward contract to just any project – a model

which they fiercely tried to implement in India and failed during the “golden years” of CDM.

He also elaborated on the international demand for CERs.If the demand is big, there will be

more companies willing to bear the CDM risks and new projects will be financed. Demand is

directly displayed in the carbon price: After crash in late 2008 we actually see rising prices, but

does this really reflect reality? Historically the Carbon price was linked very closely to the oil

price (correlation above 90%), now carbon price has not completely followed the break down of

oil. The economic melt down in EU has caused a natural reduction of CO2 emissions.

Fundamentally we may actually still trade too high: bullish signs of Carbon are not in line with

the ongoing recession in EU. True impact of the economic slow down on carbon may show only

over the next 2-3 years. He said that we may face risk of over supply (+AAU trading may have

major impact). The only thing which can currently explain the bullish EUA price is the bankability

into the next phase of EU trading. The bankability of CERs is still not decided > this is the only

explanation for the growing spread between CERs and EUAs.

He also confirmed that all eyes are on Post 2012 decisions. Pretty sure that there will be a gap

between Kyoto and follow up: With only 2 ½ years to 2012 far from international agreement on a

follow up, let alone ratification and implementation. Design of scheme is still highly unclear.

There will be emission trading: EU has committed, Australia is beginning now, in US first

domestic schemes will merge to a national market. But what also matters is the scope of CDM

under such scheme? There is competition from other supply types: like LULUCF/REDD,

sectoral CDM, Nuclear. Also demand may be lower than expected, EU cap will be prohibitive in

case no substantial reductions are agreed internationally, US: low marginal abatement costs

due to low energy efficiency of their economy (domestic abatement costs will become price cap

for imported credits), Certain project types and methodologies may not be eligible any more, Not

off the table: negative lists for countries and sectors.

Clearly there is more and more pressure on the emerging economies towards domestic action,

most advanced in this is China, Mexico, and South Korea likely to advance towards JI countries

with India next in line. Moreover under umbrella of National Appropriate Mitigation Activities we

may see many activities and regulations in India which may limit the scope for CDM like sectoral

benchmarks or baselines: emitters above the baseline may face liabilities and constraints

instead of earning from credit, Non loose target for whole sectors > crediting only below target,

Carbon taxes, May even see first domestic trading schemes. First steps have already been

taken: BEE has asked companies in the cement, iron and steel, metal sectors to monitor and

report emissions. So carbon liabilities are not a far away future any more and it is high time for

the Indian industry to rethink their carbon strategies or rather start developing real and realistic

carbon strategies.

He concluded that all these developments indicate that the days of the CDM as we know it may

be numbered. The days are numbered in which international emission trading is a pure source

of revenue for the Indian industry. Indian companies will look more and more into carbon

liabilities instead of merits and the merits will be harder earned in future. At the same time the

rationale behind emission trading and project based mechanisms is still there and even stronger

than ever: Emissions can only be effectively reduced with involvement of the private sector and I

am not able to think of any international system which works without liabilities and incentives for

the private sector. So it is beyond any doubt, that emission trading in one form or another will

play an ever more important role in real sustainable development in India

Mr. S.K. Pati, Chief Power Stations, Tata Steel presented the industry perspective in the entire

discussion. He was of the opinion that the methodologies which are made should keep in mind

the feasibility for the project developers to use it practically. He suggested that there should be

capacity building work for the grass root level people so that they can carry out the initial stages

of the project cycle without any difficulty. He opined that the there should be a list of consultants

who are accredited according to their performance in the field of CDM. He also said that

selecting the correct consultant is a project in itself.

Mr. V. S. Verma, Member, Central Electricity Regulatory Commission, Government of India,

said that global warming and climate change require all societies to work together. He

emphasized that while the major responsibility for the accumulation of green house gasses in

the atmosphere lies with the developed countries, its adverse affects are felt most severely by

developing countries like India. He also mentioned that when we speak of ‘shared

responsibility’, it must include the international community’s shared responsibility to ensure the

right to development of the developing countries. Development is the best form of adaptation to

climate change. As for energy security, this is one issue which combines an ethical challenge to

all societies with an opportunity to provide for the energy so necessary for development. For

India, clean, convenient and affordable energy is a critical necessity if we are to improve the

lives of our people. For India a rapid increase in energy use per capita is imperative to realize

our national development goals.

Total installed capacity of India excluding Captive Power generation is 141080 MW excluding

the captive generation of about 14000 MW. Plant Load factor of Indian power plants is

continuously increasing and has reached 77.7%. Indian Power Generation is largely dominated

by Coal based generation with thermal generation constituting about 79% of total generation.

Total capacity addition during XI plan period ( 2007-12) is expected to be 104427 MW. 75% of

this addition will be through thermal power plants. 78,427 MW capacity is planned to be added

through conventional Coal, Gas, Lignite, Hydro and Nuclear Power generation. !400 MW is

planned though renewable and 1200 MW capacity is expected to be added through captive

generation India’s per capita CO2 emission is amongst the lowest in the world and it contributes

to around 4% of the world total. However India is committed to the global goal of reducing green

house emissions, continually reducing CO2 emissions on tCO2/MWh) basis is showing decling

trends..India is the first CDM country to publish its power plant base line data for CO2

emissions. CDM projects have already been registered using CEA’s baseline emission factors.

Power sector is estimated to contribute around 50% of total CO2 Emissions. Improvement in

efficiency and performance of existing units can be brought through renovation and

Modernization scheme, Partnership in excellence, Establishment of Energy Efficiency cells at

thermal power stations and Adoption of Clean Coal Technologies. Coal the cheapest source of

energy in India, suffered from having a high ash content. India would be interested in developing

the technology for improving the burning characteristics of these coals in IGCC plants,

pulverised coal and fluidised bed combustion, low NOx burners and Oxy-fuel combustion. India

is facing acute shortage of power & making available power at affordable rates is of utmost

importance to the country. CSS technologies are extremely expensive and technology is not yet

proven. There are concerns about safety also. Measures like introduction of super critical

technology, coal beneficiation & use of bio-fuel are being initiated in the country.

He wrapped up by saying that India has to develop keeping in mind that development is the best

form of adaptation to climate change and this development has to be sustainable.

2.2.4 Valedictory

The conference concluded with the valedictory address by Mr. G. B. Pradhan, Additional

Secretary, Ministry of Power, Govt. of India, who stated that CDM is low hanging fruits since

long and should only act as an instrument which help countries in sustainable development

rather than being modes of generation of CDM revenue. He also said that India being the

leading destination for CDM must look forward to projects in sectors that have not yet been fully

tapped. He was of the opinion that CDM will continue post 2012 and everyone has their eyes

on the Conference of Parties (COP 15) of the Copenhagen.

The conference was announced closed by Mr. Franzjosef Schafhausen, Deputy Director

General ‘Environment and Energy’ - German Federal Ministry for the Environment, Nature

Conservation and Nuclear Safety. He thanked the delegates and other dignitaries for attending

and making Carbon Bazaar 2009 a success.

CHAPTER-3 BUSINESS TO BUSINESS MEETINGS

“Carbon Bazaar 2009” provided the platform for direct business negotiations between Buyers/

Investors/ Technology Transferors from Germany and the CDM project proponents from India.

About 70 CDM project proponents had registered for B2B with the buyers immediately after the

announcement of the event in the national newspapers. The PIN/PDD of these projects were

studied in detail and the projects were segregated based on their sectors, CER volume

generation/year and stages of their status. An Expression of Interest form was filled by the CDM

proponent in which they had indicated their preference in terms of investment and technology

transfer for successful implementation of the projects. Similarly the interests from the buyers

were also taken into account and a suitable matchmaking for the business meetings was done.

On spot sellers meetings with buyers were also conducted based on the information of their

projects and their expectations form the buyers.

Meetings profile

S.No Particulars Number 1. Total Buyers 15 2. Total projects for B2B meet 82 (a)Total sellers projects prior to the event 70

(b)On spot sellers projects 12

3. Total meeting conducted 185 (a) Total B2B meetings planned 150

(b) On spot meeting conducted 35

4. Sellers Confirmation to enter into a MoU with the buyers immediately after the event.

19

3.1 CDM Project Profiles The sellers indicated their preferences for investment and technology transfer through the

Expression of Interest form. Based on the sellers EOI* the projects were segregated into 3

broad categories i.e Technology Transfer, Investment and for direct CER sale.

3.1.1 Sector wise break-up of the projects The PIN / PDD of the CDM were studied in detail to take an idea about the sectors and annual

CER breakup of the projects. This really helped in attracting buyers to show interest in a

particular project. The CER and sector wise

breakup of projects are mentioned below. 3.1.2 CER’s wise break-up of the projects

S.No

CER Range/ Annum

Number of projects

Total CER’s generated

1. < 35,000 45 6,60,000

2. 35,000-75,000 31 15,50,000

3. > 75,000 6 4,50,000

Total 82 26,60,000

S.No Sectors Total 1. Energy efficiency 19 2. Renewable Energy 21 3. Renewable energy (Biomass) 21 4. Municipal Solid Waste 10 5. Fuel switch 11 Total Projects 82

S.No Particulars Total 1. Projects seeking Technology Transfer 10

2. Projects seeking investment 53

3. Projects for direct CER sale 19

Total projects 82

3.1.3 List of CDM project proponents for Business to Business meeting

S.No Particulars A. CDM project proponents looking for Technology transfer for their projects

1. Jembychem Ltd 2. Kamal Engineering Corporation

3. Harsil Hydro Ltd. 4. Suvarna Bhoomi Enterprises Pvt Ltd

5. Gail India Ltd 6. Jaipur Zila Vikas Parishad 7. Ruchi Soya Industries Ltd 8. Green Vortex India Pvt Ltd.

9. Centre for Environment Education

10. Ecoslag Cements & Additives Pvt. Ltd

B. CDM project proponents looking for Investment

1. Arora Infrastructure Development Company Private Limited

2. Orion Paper Industries Pvt. Limited

3. S.R. Corporate Consultant Pvt Ltd

4. Sai Chemicals Pvt Ltd 5. Caledonian Jute & Industries Ltd.

6. Eaga Energy India Pvt. Ltd.

7. Machhar Polymer Pvt. Ltd 8. Rural Education for Development Society

9. Priya Clay Products Pvt. Ltd

10. Shree Jai Ambe Associates

11. Krishi Rasayan Pvt Ltd 12. Non-conventional Energy and Rural Development Society

13. Amreli Power Projects(P) Ltd

14. Junagadh Power Projects (P) Ltd

15. Bhavnagar Biomass Power Projects (P) Ltd

16. Usaka Hydro Powers Pvt. Ltd.

17. Kuninex minerals Pvt. Ltd.

18. Taurant Projects Ltd 19. Organic Recycling Systems Pvt.Ltd

20. A.D. Patel Institute of Technology

21. Reliance Infrastructure Ltd 22. Magnum concretes Pvt Ltd 23. Ganga Envirotech Engineers Pvt. Ltd.

24. Adani group 25. Chanderpur Renewable Power Corporation Pvt. Ltd.

26. Sri Jyoti Renewable Energy Pvt Ltd.

27. GVP Infra Projects Pvt Ltd. 28. Harish Ethos & Bios Pvt. Ltd

29. Grassroots Management and Research Services Pvt. Ltd.

30. Arctic holdings Pvt. Ltd. 31. UBE Industries Pvt. Ltd. 32. Continental Carbon India Pvt Ltd.

C. CDM project proponents looking direct CER sale

1. Jajoo Exports 2. Alembic Pvt. Ltd. 3. Hanuman Agro Industries Limited

4. Gloster Jute Mills 5. Oil India Ltd 6. Fresenius Kabi India Pvt Ltd

7. Perstorp Chemicals India Pvt Ltd

8. Pfizer Pvt Ltd 9. Salasar steel and power Pvt.ltd.

10. Yashwant Energy Pvt Ltd. 11. ITC Pvt. Ltd. 12. Transport corporation of India ltd.

3.2 Buyers Profile

A separate EOI* was designed for the buyers and based on the preferences indicated by the

buyers a suitable match making for the B2B was done.

List of Buyers

S.No Particulars 1. Buyers ready to provide Technology Transfer

a. X-Change Carbon Pvt. Ltd.

b. Zeroemissions Technologies S.A

c. GTZ IS CPU d. EnBW Trading GmbH e. Agrinergy Pte Ltd f. NEFCO 2. Buyers interested only in CER purchase

a. CITI Bank b. EMIT securities Limited c. Ecolutions Carbon India Pvt. Ltd.

d. AES India Pvt Ltd. e. Clean Tech Consultancy 3. Buyers ready to provide investment in the form of transaction cost a. KfW b. First Climate AG c. Evolutions Markets India Pvt. Ltd.

d. IDEA Carbon 3.3 Business to Business Meetings

S.No Particulars Total 1. Buyers ready to provide

Technology Transfer 6

2 Buyers interested only in CER purchase

5

3 Buyers ready to provide investment in the form of transaction cost

4

Total 15

An exhaustive study of the CDM projects registered for business to business meeting were

undertaken prior to the “Carbon Bazaar 2009” event. Based on the study, the projects were

segregated on the basis of CDM sectors and CER’s generated by them on annual basis. Based

on the EOI of buyers and sellers the business to business meetings between buyers and sellers

were planned in advance. On spot sellers meetings with buyers were also conducted based on

the information of their projects and their expectations form the buyers.

1. Total meeting conducted 185 a. Total B2B meetings planned in advance 150 b. On spot meeting conducted 35

3.3.1 Positive outcome of the B2B meetings A number of sellers have given a positive feedback of their business meetings with the buyers.

Out of 82 projects about 19 projects have given their indication to enter into MoU with the

buyers immediately after the event.

Total project sellers 82 Sellers agreed to enter into MoU with the buyers immediately after

the event. 19

Successful Meetings

S. No Project proponent / Consultant / Company

Number of projects

Buyer Cooperation agreed for

1. Mr.Harihar Sharma Environment Head Oil India Ltd.

1 X Change

Carbon The buyer has

purchased the CER’s

of the project. 2. Mr. Milind Chittwar

Consultant 5 GTZ IS CPU The buyer has

purchased the CER’s

SEE-tech solutions Pvt

Ltd. of all 5 projects.

3. Mr. Raja Parasuram EVP (finance and MIS) ITC Ltd.-PSPD

6 Zeroemissions

Technologies

S.A

The buyer has

purchased the CER’s

of all 5 projects. 4. Mr. Mohan Reddy

Director Zenith Energy

3 NEFCO The buyer has agreed

to provide cooperation

in terms of investment

for all 3 projects. 5. Mr. Mahesh

Mansukhani INDEEN Biopower Ltd.

1 NEFCO The buyer has agreed

to provide cooperation

in terms of investment

for the project. 6. Mr. Sanjay Kulkarni

CEO Urja Electronics

1 Agrinergy The buyer has agreed

to bear the transaction

cost for the project. 7. Mr. Munish Sehgal

Dy. General Manager Adani Enterprises Ltd

2 GTZ IS CPU The buyer has agreed

to provide cooperation

in terms of investment

for the projects.

Feedbacks from the sellers

Seller Feedback

Mr.Harihar Sharma Environment Head Oil India Ltd

At the outset I would like to congratulate you for a successful

event which provided a big platform in India to the CDM project

developers. The concept of B2B meeting was excellent and such

programs need to be conducted to boost the awareness

and provide the latest information regarding GHG management

and meeting the relevant agencies under single roof. The B2B

meeting with the buyer for my project was a successful one.

Overall we can take this conference as an excellent effort of

organizers.

Mr. Munish Sehgal Dy. General Manager Adani Enterprises Ltd

I would like to share that the Carbon Bazaar organized for two

days by your organization was one of the finest on this subject. I

would really like to thank you & congratulate you for this

tremendous effort. Even the B2B meeting organized with GTZ IS

CPU was informative as well as productive. Mr. Sanjay Kulkarni CEO Urja Electronics

I would like to thank you for all your cooperation for my CDM

project. The B2B meeting with the buyer was helpful for me. I

would like to thank you once again for this initiative of yours.

3.4 Photo gallery of Business to Business meetings

GTZ IS CPU X Change Carbon Pvt. Ltd.

IDEA Carbon NEFCO

CHAPTER-4 EXHIBITION

4.1 EXHIBITION HIGHLIGHTS: BMU-The German Federal Ministry for the Environment, Nature Conservation and Nuclear

Safety has launched CDM JI initiative in India to boost the market mechanisms and CER trading

in developing nations and to provide a meeting ground of different market players. In order to

facilitate this objective GTZ Climate Change Mitigation, New Delhi, India has organized a

Carbon Bazaar, 2009 on 28-29th April’2009, to take CDM to the next Level. The idea was to

exhibit new innovative low carbon technologies, which would reduce emission and would

contribute to low carbon growth.

Carbon Bazaar 2009 has been the most successful event in the field of promoting CDM JI

initiative in India. After initial space has been sold out within 3 days of public announcement in

leading newspaper about Carbon Bazaar 2009, GTZ had planned 16 stalls initially but had to

increase to 20 stalls and 3 displays, although some companies requests were turned down due

to lack of space. The entire exhibition was booked within next couple of days.

KEY FIGURES FOR EXHIBITORS: Over the 2 days, the exhibition brought together around 700 people and 40 brands

FOOTFALLS: 100% on the Day 1, 80% on Day 2

LAYOUT & VENUE: Hotel Taj Mahal, 1Mansingh Road, New Delhi-11.

4.2 EXHIBITORS: Over a gross exhibition area of 120 sqm, ‘Carbon Bazaar 2009’ hosted 20 stands showcasing

some 40 brands (including 3 new exhibitors). All the industries related to renewable energy

sector like Theme Solar Systems, Central Research Organization like CSIR, Govt. of India,

Nordic Carbon Fund like NEFCO, International Rating Agency like Idea Carbon and ESCOS like

eaga India Pvt. Ltd were well represented (see pie chart below).

EXHIBITORS BY REGION:

INDUSTRY THEMES OF INTEREST:

4.3 VISITORS:

The breakdown of visitors from different Indian industries, foreign industries consultancies,

Central Government officials, State Government Officials, CDM Project Participants shows an

even distribution.

VISITORS BY REGION:

REASONS FOR VISITING: · Discover new products 50 %

· Gather technical information 42 %

· To buy 8 %

CHAPTER-5 ONE-TO-ONE MEETING ON CLIMATE CHANGE NEGOTIATIONS

 

Prearranged official one to one meetings between Mr. Franzjosef Schafhausen, Deputy Director

General ‘Environment and Energy’-Federal Ministry for the Environment, Nature Conservation

and Nuclear Safety (BMU) and Indian government Officials were held on 28th and 29th April

2009. These meetings provided an insight to climate change issues and policies in Indian

context and India’s stand on these issues beyond 2012. Mr. Franzjosef Schafhausen was

accompanied by Dr. Juergen Bischoff, Principle Advisor, GTZ ASEM and Mr. Christan M.

Schlaga , Deputy Advisor, German Embassy.

Meetings Schedule

DATE& TIME

NAME & DESIGNATION

MEETING VENUE

28.04.2009

2:30 – 3:10 pm

Mr. V. Subramanian

Former Secretary

Ministry of New and Renewable Energy

Government of India.

Business Center,

Hotel Taj Mahal, Mansingh Road, New Delhi.

28.04.2009

3:30-4:20 pm

Mr. V.S. Verma

Member

Central Electricity Regulatory Commission

Government of India.

3rd Floor,

Chandralok Bulding,

36-Janpath,

New Delhi- 110001

28.04.2009

4:30-5:40 pm

Mr. Kirit S. Parikh

Member

Planning Commission,

Government of India

Room No. 109,

Yojana Bhawan

Sansad Marg

New Delhi 110001

28.04.2009

6:00-7:10 pm

Dr. Prodipto Ghosh

Chairman

Climate Change Task Force,

FICCI

FICCI Federation House

Tansen Marg,

New Delhi-110011

29.04.2009

10:30-11:30 am

Miss. Gauri Singh

Joint Secretary

Ministry of New and Renewable Energy Government of India

Ministry of New and Renewable Energy,

CGO Complex, New Delhi-3

29.04.2009

11:45-12:30 pm

Mr. J.K. Dadoo , I.A.S

Secretary

Department of Environment & Forests,

Govt. of National Capital Territory of Delhi.

Business Center

Hotel Taj Mahal, Mansingh Road, New Delhi-110001

29.04.2009

2:30 - 2:45pm

Dr. R.K.Pauchauri

Director General

The Energy and Resources Institute.

5thFloor,

TERI, IHC Complex

Lodhi Road,

New Delhi-03

Meeting with the media personnel was held on 29th April 2009 from 6:10 to 7:20 pm at Diwane-

Aam Auditorium, Hotel Taj Mahal, and New Delhi. Senior reporter Miss. Neha Sinha from The

Indian Express newspaper interviewed Mr. Franzjosef Schafhausen, Deputy Director General

‘Environment and Energy’-Federal Ministry for the Environment, Nature Conservation and

Nuclear Safety (BMU) regarding the CDM/JI initiative in India, future of Copenhagen 2009 and

GTZ cooperation for SME’s in India.

A cocktail dinner was hosted by Mr. Franzjosef Schafhausen, Deputy Director General

‘Environment and Energy’-Federal Ministry for the Environment, Nature Conservation and

Nuclear Safety (BMU) on 28th April 2009 at Long Champ Hall, Hotel Taj Mahal, New Delhi.

During the dinner several renowned officials from different industries, government organizations

and from Indian Ministries interacted with Mr. Franzjosef Schafhausen on informal basis.

Invitees were:

• Mr. V. Subramanian, Former Secretary, Ministry of New and Renewable Energy, GoI

• Mr.Guenter Dresruesse, Country Director, GTZ, India.

• Mr. R.D.Tiwari, Director, SFRI, Jammu & Kashmir

• Mr. Sanjay Srivastava IFS, Government of India.

• Mr. Bernard Zander, Vice President, Kfw Carbon Fund.

• Mr. Mohan Reddy, Director, Zenith Energy, Hyderabad

• Mr. R.K. Sethi, Member (Alternate) and Ex-chair EB UNFCCC, /Director (Climate

Change), Ministry of Environment and Forests, Government of India.

• Mr. Konrad Raeschke-Kessler, DeHSt (German DNA)

• Mr. Ian Johanason, Eaga India Pvt Ltd, UK..

• Mr. Thomas Forth, Senior Expert, BMU.

• Mr. Y.Dinesh Babu, CEO, IDEACarbon.

• Mr. Bratin Roy, Product Head, TUV SUD South Asia.

************

ANNEXURE I

LIST OF CHAIRS, CO-CHAIRS AND SPEAKERS

Mr. Guenter Dresruesse, Country Director, GTZ, India Mr. Franzjosef Schafhausen, Deputy Director General ‘Environment and Energy’ – German Federal Ministry For the Environment, Nature Conservation and Nuclear Safety. Mr. Christan M. Schlaga Minister Counseller, German Embassy. Mr. Vijai Sharma Secretary, Ministry of Environment and Forests, GoI Mr. R.K. Sethi, Member (Alternate) and Ex-chair EB UNFCCC, /Director (Climate Change), MoEF, Govt. of India. Mr. Thomas Forth Senior Expert, BMU Mr. Bernhard Zander, First Vice President, KfW Carbon Fund Ms K. Usha Rao, KfW Mr. Atul Sangal, Chief Consultant, Carbon Advisory Business, Emergent Ventures Private Limited Mr. Y. Dinesh Babu, CEO, IDEACarbon, The Carbon Rating Agency Mr. Bratin Roy, Product Head-CDM, TUV-SUD South Asia Ms. Pamposh Bhat, Director Climate Change , German Technical Cooperation (GTZ) Mr. Umesh Chabra ,

Head Corporate Client Relationship - CABG and Carbon Credit ICICI Bank Limited- Mumbai Mr. K. Umamaheswaran , DTL, CPU GTZ-IS Mr. Abhijit Chatterjee, Head Sustainability Services, eaga India Private Limited Mr. S. Raghupathy, Senior Director and Head of Godrej Green Business Centre, Confederation of Indian Industry (CII) Mr. Unmesh Brahme, Senior Vice President, HSBC Konrad Raeschke-Kessler DeHSt (German DNA) Mr. Debashish Majumdar Managing Director, IREDA Dr. P.C. Maithani, Director, MNRE Mr. Mohan Reddy, Director, Zenith Energy Mr. Deepak Zade, Executive Vice President, MITCON Mr. Mathias Laub, CDM JI Project Analyst, EnBW Trading GmbH Mr.J K Dadoo Environment Secretary, Government of NCT of Delhi Mr. Mahesh Babu, CEO, Infrastructure Leasing & Financial Services Ecosmart Limited Dr. B. Padmaja, Director of Ramky Infra Consulting Private Limited

Mr.Sampath Kumar, Managing Director, TIDE Technocrats Pvt. Ltd. Mr. Damodar Sharma, (I.A.S), Municipal Commissioner, Jaipur Mr. V.S. Verma, Member, Central Electricity Regulatory Commission Mr. Jens Burgtorf Advisor , IGEN /BEE Mr. Amarjeet Singh, Chief Engineer, CEA Mr. Oskar Von Maltzan, India Country Director, KfW Mr. Praveen Gupta Deputy Director, Conservation and Efficiency Division, Central Electricity Authority, Mr. Deb Mukherjee, Managing Director, eaga India Private Limited Mr. Badal Shah, Managing Director, Gadhia Solar Energy Systems Pvt.Ltd. Mr. S.K.Gupta, Director, SP & CAD, Bureau of Indian Standards Dr Thilotham, Consultant, Zenith Energy Pvt. Ltd. Dr. Prodipto Ghosh, Chairman, Climate Change task Force, Federation of Indian Chambers of Commerce and Industry FICCI Mr. S.K. Pati Chief Power Stations, Tata Steel Mr. Nils Medenbach, Regional Manager India, First Climate Group, Kolkata

Mr. Girish Pradhan, Additional Secretary, Ministry of Power, GoI

ANNEXURE IV

LIST OF COMPANIES PARTICIPATED IN BUSINESS TO BUSSINESS MEETINGS

S.No Indian Project Developers Interested in

1 Jembychem Ltd Investment and Technology

Transfer

2 Centre for Environment Education Technology Transfer and

Investment

3 Ecoslag Cements & Additives Pvt. Ltd Technology Transfer and

Investment

4 Kamal Engineering Corporation Investment and Technology

Transfer

5 Jaipur Zila Vikas Parishad Technology Transfer and

Investment

6 Ruchi Soya Industries Ltd Technology Transfer and

Investment

7 Green Vortex India Pvt Ltd. Technology Transfer and

Investment

8 Harsil Hydro Ltd. Investment and Technology

Transfer

9 Suvarna Bhoomi Enterprises Pvt Ltd Investment and Technology

Transfer

10 Gail India Ltd Investment and Technology

Transfer

11 UBE Industries Limited Investment

12 Continental Carbon India limited Investment

13 Arora Infrastructure Development

Company

Private Limited

Investment

14 Orion Paper & Industries Limited Investment

15 S.R. Corporate Consultant Pvt Ltd Investment

16 Sai Chemicals Pvt Ltd Investment

17 Indeen Biopower Ltd. investment

18 Vadilal Industries Pvt Ltd. Investment

19 AAA Ltd Investment

20 ABC industries ltd Investment

21 Caledonian Jute & Industries Ltd. Investment

22 Machhar Polymer Pvt. Ltd Investment

23 Grassroot Management and Research

Servises Pvt Ltd.

Investment

24 Rural Education for Development Society Investment

25 Priya Clay Products Pvt. Ltd Investment

26 XYZ Pvt Ltd Investment

27 Eaga Energy India Private Limited Investment

28 Shree Jai Ambe Associates Investment

29 Krishi Rasayan Pvt Ltd Investment

30 Non-conventional Energy and Rural

Development

Society

Investment

31 Amreli Power Projects(P) Ltd Investment

32 Junagadh Power Projects (P) Ltd Investment

33 Bhavnagar Biomass Power Projects (P)

Ltd

Investment

34 Arctic holdings Investment

35 Usaka Hydro Powers Pvt. Ltd. Investment

36 Kuninex minerals Pvt. Ltd. Investment

37 Taurant Projects Ltd Investment

38 Organic Recycling Systems Pvt.Ltd Investment

39 A.D. Patel Institute of Technology Investment

40 Reliance Infrastructure Ltd Investment

41 Magnum concretes Pvt Ltd Investment

42 Ganga Envirotech Engineers Pvt Ltd. Investment

43 Adani group Pvt Ltd. Investment

44 Chanderpur Renewable Power Co Ltd. Investment

45 Sri Jyoti Renewable Energy Pvt Ltd. Investment

46 GVP Infra Projects Pvt Ltd. Investment

47 Harish Ethos & Bios Pvt. Ltd Investment

48 Pfizer Pvt Ltd CER sale

49 Fresenius Kabi India Pvt Ltd CER sale

50 Perstorp Chemicals India Pvt Ltd CER sale

51 Salasar steel and power ltd. CER sale

52 ITC Limited CER sale

53 Gloster Jute Mills CER sale

54 Oil India Ltd CER sale

55 Transport corporation of India ltd. CER sale

56 Yashwant Energy Pvt Ltd. CER sale

57 Hanuman Agro Industries Limited CER sale

58 Jajoo Exports Pvt Ltd. CER sale

59 Alembic Limited CER sale

ANNEXURE V

LIST OF EXHIBITORS

Organization name Displayed

Theme Solar Systems Solar Water Heating

eaga Energy India Pvt Ltd Brochures

CTRAN Consulting Pvt. Ltd. Brochures

NEFCO Brochures

BMU – German Federal Ministry Brochures

SEE-Tech Solutions Pvt. Ltd Briquette based Boiler model

Saur Urja Solutions Pvt Ltd. Solar Panels, LED lights

Modular Machines Solar Rickshaw

Window Magic Double glazed glass windows

Council of Scientific & Industrial Research Solar Rickshaw

IDEA carbon Brochures

GTZ German Technical Cooperation Brochures

ELRON INSTRUMENT CO. P. LTD. CO2 analyzer

Incredible Electric Vehicles Electric Golf Carting

kfw Brochures

Agrinergy Consultancy Pvt Ltd. Brochures

Hyderabad Industries Ltd. Aerocon Blocks

Agricultural Finance Corporation Ltd. Brochures

ANNEXURE VI

LIST OF DELEGATES IN CARBON BAZAAR-2009

S. No. Title First Name Last Name Organisation

1 Mr. S H Abhyankar Germanischer Lloyd Industrial Services 2 Mr. Praveen Agarwal Reliance Infrastructure Limited, 3 Mr. H K Agarwal Furnace Spares, 4 Mr. V K Aggarwal Defence Research & Development, DRDO 5 Mr. Sunil Aggarwal Ramky Enviro Engineers Ltd., 6 Mr. Praveen Kumar Ahluwalia Ashpra Enterprises Private Limited, 7 Mr. Naeem Ahmed National Informatics Centre, New Delhi 8 Mr. Nafees Ahmed Lloyd Insulations (India) Ltd., 9 Ms. Lotta Aho Nordic Environment Finance Corporation 10 Mr. N Alagiri ITC Limited-PSPD 11 Prof Hamid Ali Department of Petroleum Studies, UP 12 Mr. Satish Aneja Elron Instrument Co. Pvt. Ltd., 13 Mr. Rajat Arora Ramtex Overseas Pvt. Ltd., New Delhi 14 Mr. Bunny Azami SEE Tech Solutions Pvt. Ltd., 15 Mr. Y. Dinesh Babu IDEACarbon, The Carbon Rating Agency 16 Mr. R.K.S. Badouria Hindustan Unilever Limited 17 Mr. Anil Bagga Chanderpur Renewal Power Co. Ltd., 18 Ms. Tanushree Bagh EcoSecurities India Private Ltd., New Delhi 19 Mr. Mukesh Bajaj Q2 Consulting, C/o Response Merchant, 20 Mr. S K Bakshi M/s Howrah Mills Company Limited, 21 Dr. V. Bakthavatsalam Chairman, AP SEIAA, Min. of Env. GoI 22 Mr. Sameer Bali Mahendra Group, 23 Mr. Sitansu Banerjee M/s Howrah Mills Company Limited,

24 Mr. Tribhuwan Prasad Baranwal Pulse Magnetic & power Electronics Pvt. Ltd.,

25 Mr. Rajan Bawa RC-NAEB, MoEF, Shimla, HP 26 Mr. P Bhasker K S Oils Ltd., 27 Mr. Soumya Bhattacharaya GTZ 28 Mr. S C Bhutani Delhi Test House, Azadpur, Delhi 29 Mr. Gopal Bordia Indus Tech. & Fin.Consultant Ltd., Raipur 30 Mr. Unmesh Brahme HSBC 31 Mr. Kundan Burnwal GTZ

32 Mr. Umesh Chabra CABG and Carbon Credit ICICI Bank Limited- Mumbai

33 Debojyoti Chakraborty Amity Institute of Global Warming and Ecological Studies,

34 Mr. Subir Chakravorty X-Change Carbon Pvt. Ltd., Goregaon, Mumbai 35 Mr. Rajnish Changrani Technergy ESCo Pvt. Ltd., Mumbai 36 Mr. Abhijit Chatterjee eaga Energy India Private Limited 37 Ms. Ishani Chattopadhyay Arctic Holdings, HO: Australia 38 Mr. Digvijay Chauhan MF Global, Mahalaxmi, Mumbai 39 Mr. D.S. Chauhan Century Plyboards India Limited 40 Mr. Sudhir Chavan Essar Steel Ltd., Mahalaxmi, Mumbai 41 Mr. Abhishek Chhikara Priya Clay Products Pvt. Ltd., Pitampura, 42 Mr. Avijit Choudhury eaga Energy India P Limited 43 Ms. Shibani Chowdhury eaga Energy India P Limited 44 Mr. Suresh Chugh State Forest Research Institute, Jammu 45 Mr. Ian S R Colquhoun eaga Energy India P Limited 46 Mr. Ashish Deepankar Agricultural Finance Corporation Ltd., 47 Mr. Bahubali J Desai Government of Cambodia 48 Mr. K R Desai Municipal Corporation Greater Mumbai, 49 Mr. T S Dhupia Techlink Germany, 50 Ms. v Dhupia Techlink Germany, 51 Mr. Guenter Dresruesse GTZ

52 Mr. M K Elango Infrastructure Management & Advisory Services PL

53 Mr. Thomas Forth BMU

54 Mr. Chirag Gajjar Deloitte Touche Tohmatsu India Pvt. Ltd., Gurgaon,

55 Mr. Praveen Garg NCR Chamber of Commerce & Industry, 56 Mr. Uday Singh Gautam Wealth out of Waste of ITC, Andhra Pradesh 57 Mr. Apurba Ghosh Target Textiles Co. Pvt. Ltd., 58 Mr. Prateek Goel Jaypee Institute of Information Technology 59 Mr. S. K Gore Ganga Envirotech Engineers, 60 Mr. R Goyal ACL Pumps Limited, Ghaziabad 61 Mr. Suman Kumar Guha ETA Star Group of Companies, Chennai 62 Mr. Varun Gulati Agrinergy Consultancy Pvt. Ltd., Worli, Mumbai 63 Mr. V K Gulati Military Engirneer Services, 64 Mr. Sachin Gupta Zeroemissions Technologies, Mumbai 65 Mr. S K Gupta

66 Mr. S K Gupta KEC Industries Ltd., Antriksh Bhawan, New Delhi

67 Mr. Rajiv Gupta Samsung C & T Corporation 68 Mr. Ashkar Hameez Unilever Sri Lanka Limited 69 Mr. P Kirthi Harish Harish Ethos@ Bios Private Ltd. 70 Dr. Hermann Herz GTZ, Gurgaon 71 Mr. Ramamrat Iyer Umeed Rural development Pvt Ltd 72 Mr. S Schafhausen bmu 73 Mr. C. Kamlesh Jagjivandas Vadilal Industries Ltd.

74 Ms. Meenakshi Jain Carbon Minus India, Delhi 75 Mr. Sanjay Jain Prakash Industries Limited, New Delhi 76 Mr. Vinod Kumar Jain Puneet Engineering Company 77 Mr. R S Jasrotia State Forest Research Institute, Jammu 78 Mr. Jagat S Jawa Solar Energy Society of India, New Delhi 79 Mr. Dhiraj Jayani Prime Axis, Gurgaon, Haryana 80 Mr. Vinay Kapoor Furnace Spares, 81 Mr. Girish Kapoor GTZ 82 Mr. R K Kapur Usha Martin Ltd., K G Marg, 83 Dr A.D. Karve ARTI 84 Mr. Sunil Kathuria EcoSecurities India Private Ltd., New Delhi 85 Mr. Madhav K Kejriwal Harsil Hydro Ltd., Kanpur, UP

86 Mr. Konrad Raeschke- Kessler

87 Mr. Konrad Raeschke- Kessler DeHSt (German DNA)

88 Mr. Pradeep Khanna Maharishi Solar Technology (P) Ltd., 89 Ms. Sudipta Khastgir eaga Energy India P Limited 90 Mr. A K Khater Amrit Non Conventional Energy System Limited, 91 Mr. Amrit Khater Amrit Non Conventional Energy System Limited, 92 Mr. Sudhir Khatri Priya Clay Products Pvt. Ltd., New Delhi 93 Mr. Nidesh Khatri Eurocert 94 Dr. Ratna Khemani Director, Centre for personality Development, 95 Mr. Sadananda Konchady Praj Industries Ltd., 96 Ms. Meghna Kshirsagar GTZ 97 Mr. S V Kulkarni Urja Electronics, Pune 98 Mr. Navneet Kumar K S Oils Ltd., 99 Mr. Mukul Kumar Muvin Infotech, A-95/2, Saket, New Delhi

100 Mr. Brajesh Kumar GMR Industries, Bangalore 101 Dr. Vimal Kumar Department of Science & Technology (DST), 102 Mr. Sampath Kumar TIDE Technocrats Pvt. Ltd. 103 Mr. Prabhat Kumar ICRA Management Consulting Service Limited, 104 Mr. Matthias Laub EnBW Trading GmbH, Durlacher,Deutschland 105 Mr. Mathias Laub EnBW Trading GmbH 106 Mr. Anna Lehmann Sindicatum Carbon Capital International, 107 Mr. Ramesh Mahapatra M/s Mangum Concretes Pvt. Ltd., Orissa 108 Ms. Suvra Majumdar CTRAN Consulting Pvt. Ltd., Bhubaneswar 109 Mr. Oskar von Maltzan KfW, 21, Jor Bagh, New Delhi 110 Mr. Oskar Von Maltzan KfW 111 Mr. Karan Mangotra TCS, New Delhi 112 Dr. Shyamala Mani Centre for Environment Education, 113 Mr. M. Manjunatha Agricultural Finance Corporation Ltd.,

114 Mr. Pramod Marar HSBC Gurgaon 115 Mr. Sanjay Marathe Chemcrux Enterprises Ltd., 116 Mr. Nils Medenbach First Climate Group, Kolkata 117 Mr. Swapan Mehra AES India Pvt. Ltd., Gurgaon

118 Mr. R K Mehta RAMA (Refrigeration and ACManufacturers Asso.),

119 Mr. Om Prakash Mishra Reliance Infrastructure Limited, 120 Mr. Arun Mishra Maharishi Solar Technology (P) Ltd., 121 Mr. Shrikant Modak Business India, Mumbai

122 Mr. Mohammad Moonis CTRAN Consulting Pvt. Ltd., Bhubaneswar, Orissa

123 Mr. Deb Mukherjee eaga India Private Limited 124 Mr. Deb A Mukherjee eaga Energy India P Limited 125 Mr. J. Mukherjee eaga Energy India P Limited 126 Mr. H.K. Munjal R.S. Sabha 127 Dr. Meenakshi Munshi Department of Biotechnology, CGO, New Delhi 128 Mr. D N Nagpal Ministry of Power, Sewa Bhawan, New Delhi 129 Mr. Pranav Nahar Evolution Markets, Jasola, New Delhi 130 Mr. Abhijit Naik Yashwant Energy Pvt. Ltd., 131 Mr. Randhir Naik Yashwant Energy Pvt. Ltd., 132 Ms. N Nalini HydroDesign Management Co. Pvt. Ltd., 133 Ms. Renu Nanwani Kinetic Cubed, Talera Park, Pune 134 Mr. Onkar Nath GTZ 135 Ms. Soniya Nautiyal Ramtex Overseas Pvt. Ltd., New Delhi 136 Dr. B. Padmaja Ramky Infra Consulting Private Limited 137 Dr. Dr. Kiran Pal Defence Research & Development, DRDO,

138 Mr. Satish Chandra Pandey Grassroot Management Research and Services Pvt. Ltd.,

139 Mr. Sujan Kumar Pandit Regional Policy Action Platform on Climate Change,

140 Dr. Srikanta K Panigrahi Carbon Minus India, Delhi 141 Mr. Raja Parasuram ITC Limited-PSPD 142 Mr. Mahadev Patidar Dabur India Limited 143 Mr. Kiran Patil Ecolutions Carbon India Pvt. Ltd.,

144 Mr. Rupesh Patrikar Grassroot Management Research and Ser.P. Ltd.

145 Mr. Kamalkanth Polukonda Gram Oorja Solutions Pvt. Ltd.,Hyderabad 146 Ms. Priyanka Porwal Centre for Environment Education, New Delhi 147 Mr. S. Raghupathy Confederation of Indian Industry (CII) 148 Mr. Riaz Ramin GERES Afganistan 149 Mr. Naresh Ramteke Engineering Projects (India) Limited, 150 Mr. S S Rana SAMPRAGIAN-An NGO, Vikas Puri, New Delhi 151 Ms. K. Usha Rao KfW, 21, Jor Bagh, New Delhi 152 Mr. M N Rao Indian Sugar Mills Association,

153 Ms. K. Usha Rao KfW 154 Mr. Mukesh P Rawal Ruchi Soya Industries Ltd., Indore, MP 155 Mr. N. Gangadhar Reddy M/s Mangum Concretes Pvt. Ltd., Orissa 156 Mr. Mohan Reddy Zenith Energy 157 Mr. Richard Rodgers eaga International 158 Mr. Bratin Roy TUV-SUD South Asia 159 Marta Soroa Rubio Zeroemissions Technologies, Mumbai 160 Mr. Sandip Saha eaga Energy India P Limited 161 Mr. Umesh Sahdev Sindicatum Carbon Capital International,

162 Dr. Chandra Shekhar Sahukar

Planning Commission, Yojana Bhavan, New Delhi

163 Mr. Indu Kalpa Saikia GTZ, Gurgaon 164 Mr. Jatin Saluja Kalpan Hydro Company (P) Ltd., Noida 165 Mr. Atul Sangal Emergent Ventures Private Limited 166 Mr. Birjendra Sangwaiya Emergent Venturs India Pvt. Ltd., 167 Dr. S Sarkar GAIL (India) Ltd., 168 Mr. N K Sawhney IFFCO Foundation, IFFCO 169 Dr. Taruna Saxena The Tata Power Co. Ltd., New Delhi 170 Mr. Franzjosef Schafhausen Nature Conservation and Nuclear Safety,GER. 171 Mr. C P Sehgal Ganga Envirotech Engineers, 172 Mr. Munish Sehgal Adani Enterprises Limited, Gurgaon, Haryana 173 Mr. Samrat Sengupta Carbon Assets Management Services (CAMs), 174 Mr. P K Sethi J&K Small Scale Ind. Development Coopn. Ltd. 175 Mr. Y. K. Sethi Mawana Sugars Ltd., 176 Mr. R K. Sethi MoEF, GoI 177 Mr. Shalin Shah Jembychem Ltd. 178 Mr. Girish Shah Chemcrux Enterprises Ltd., 179 Mr. Vinay Shah Ruchi Soya Industries Ltd., Indore, MP 180 Mr. Badal Shah Gadhia Solar Energy Systems Pvt.Ltd. 181 Mr. Abhaya Shankar Hyderabad Industries Limited, Hyderabad 182 Mr. Uma Shankar Sharma Jaipur Zila Vikas Parishad 183 Mr. H H Sharma Oil India Ltd., 184 Mr. I. J. Sharma Gloster Jute Mills Ltd., 21, Strand Road, Kolkata

185 Mr. Purushottam Sharma Ascenso Mgmt.& Consulting Services Pvt. Ltd. ND

186 Mr. Ashu Sharma Lloyd Insulations (India) Ltd., 187 Dr. Dr. Shalini Sharma Engineering Staff College of India (ESCI) 188 Mr. Shankar Sharma Green Vortex India, New Delhi 189 Mr. Damodar Sharma Jaipur 190 Ms. Vandana Sharma GTZ 191 Mr. Gaurav Shinghal Flat No. 1, B 27, Kailash Colony, New Delhi 192 Mr. Amit Shukla Ruchi Soya Industries Ltd., Indore, MP

193 Mr. Ashish Shukla Citibank NA, Gurgaon 194 Ms. Nien Siao Pearl Academy of Fashion, New Delhi 195 Mr. Tauseef Zia Siddiqui Chanderiya Lead Zinc Smelter, Hindustan Zinc 196 Mr. Kimmo Siira Nordic Environment Finance Corporation 197 Mr. Mohan Singh Quality Meter, Gurgaon 198 Mr. Thokchom Sunil Singh R&K Packaging (Eco-Life),Manipur 199 Mr. Satyender Singh Hindustan Tin Works Ltd., New Delhi 200 Mr. Vijai Pratap Singh LEAD India, New Delhi 201 Mr. Rajinder Singh Priya Clay Products Pvt. Ltd.,New Delhi 202 Dr. Sujit Kumar Singh SAMPRAGIAN-An NGO, Vikas Puri, New Delhi 203 Mr. Indu Shekhar Singh Bihar State Pollution Control Board, Patna 204 Mr. Jasbir Singh National Fed. of Co-op. Sugar Factories Ltd., 205 Mr. Amarjeet Singh CEA 206 Mr. Santosh Kr. Singh GTZ 207 Mr. Ravinder Singh PEDA

208 Mr. Ashok Kr. Singha CTRAN Consulting Pvt. Ltd.,Bhubaneswar, Orissa

209 Mr. Anurag Solankey Ambuja Cements Ltd., 210 Mr. Naveen Somasundaram Senergy Global Limited, New Delhi 211 Mr. Bharath Srinivasan S Archean Group of Companies, Chennai 212 Mr. Sriskandh Subramanian Winrock International India, 213 Mr. S. Sundaram Planning Commission, 214 Mr. Dama Suresh Reliance Infrastructure Limited, 215 Mr. Anish Thakkar Greenlight Planet India Pvt. Ltd, 216 Mr. Rajkumar Thakur TUV-SUD, South Asia Pvt. Ltd., New Delhi 217 Dr. J K Thakur Kalpan Hydro Company (P) Ltd., Noida 218 Mr. Sunil Thakur GTZ

219 Mr. Vinod Kumar Tiwari Himachal Pradesh Power Corporation Ltd., Shimla

220 Mr. Jitendra Tiwari Centre for Entrepreneurship Development 221 Mr. Arvind Kumar Tiwari Paradeep Phosphates Limited 222 Mr. Samrat Topadar Target Textiles Co. Pvt. Ltd., 223 Mr. Zlata Turkanovic Centre for Development and the Environment, 224 Mr. K. Umamaheswaran CPU GTZ-IS 225 Ms. Deepti Vashney Ecolutions Carbon India Pvt. Ltd., 226 Mr. N K Verma IFFCO, IFFCO Sadan, 227 Mr. Mahesh Vipradas Senergy Global Limited, New Delhi

228 Dr. R K Vishnoi Indus Technical & Financial Consultant Ltd., Raipur

229 Mr. Virinder Wadehra VSNL, Barakhamba, New Delhi 230 Ms. Shubhangi Wankhede Centre for Environment Education,New Delhi 231 Mr. D M Yadwadkar Municipal Corporation Greater Mumbai 232 Mr. K. Yeptho IREDA

233 Mr. Bernhard Zander KfW Carbon Fund 234 Mr. Vijayanand TUV-SUD, South Asia Pvt. Ltd., New Delhi 235 Ms. Saudamini Ascenso Mgt & Consulting Services Pvt. Ltd., 236 Mr. S Faizi Kerala State Groundwater Authority 237 Dr. Tilotam 238 Mr Chandan Mukherjee SEVA 239 Mr Archak Pattanaik TUV India 240 Mr Nakkirane R Pary EADS India Pvt. Ltd. 241 Mr Anne Marie Moeller Human People to People India 242 Ms Ritu Gupta Academia of Economic Research 243 Mr Anoop Murari AJM Financial Services Pvt. Ltd. 244 Mr Sanatan deka Central for Rural Development 245 Dr. Sarvjit Dudeja Consultant & Advisor 246 Mr Mohit Gupta House of Patels 247 Ms Vasha Superna Electricity Urban Distribution Div. IV 248 Ms Neha Juneja Greenway International 249 Mr M N Ajay Kumar NCCI 250 Ms Varsha Mehta TFIPAP 251 Mr Tauseef Zia Siddiqui Hindustan Zinc Limited 252 Mr Gaurav Shinghal Senior Consultant 253 Mr Sudhir H Abhyankar Germanischer Lloyd 254 Ms Supriya Goel Architect 255 Ms Shiwani Makker Vayam Technologies Limited 256 Mr Rajnish Sharma Siemens Ltd. 257 Mr J Mukherjee GP Green Energy Systems Pvt. Ltd. 258 Mr N R Ravishankar IDEA Carbon 259 Mr S S Singh Alembic Ltd. 260 Mr Manoj K Srivastava URS Group

261 Mr. Emil A Feoktistov The Trade Repersentation of the Russian Fedration in India

262 Mr Thilotham R Kolanu Green Staratos 263 Mr Ravinder Singh Innovative Technologies & Projects 264 Mr K S Venkatagiri CII 265 Mr S Faizi Consultant 266 Mr Abhishek Goyal Sindicatum Cabon Capital India Pvt. Ltd. 267 Ms Swati Singh Sindicatum Cabon Capital India Pvt. Ltd. 268 Mr Jose Penedo Fernandez BMU 269 Mr D D Maheshwari Intelligent Solutions 270 Mr Rajesh S Kumar Govt. of NCT 271 Mr R Agnihotri Rav Inc. 272 Mr Aditya Rai ACCOHAM 273 Mr M Dwarakanath Dept. of Enviornment

274 Mr Gagan Dhir WSP India 275 Ms Anjani Goel Theme Solar Systems 276 Prof. M K Gandhi National Institute of Fashion Technology 277 Mr M Raja Chidambaram URS Productively 278 Mr Winner Divyang Mehta Kisan Group 279 Mr Srikant Meesa TUV India Pvt. Ltd. 280 Ms Reshmi Ranjit Embassy of the Fedral Republic of Germany 281 Mr B S Sethia Elin Electronics Ltd. 282 Mr Vivek P Adhia Deloitte 283 Ms Charu Gupta Deloitte 284 Mr Ashwin A. S TUV India Pvt. Ltd. 285 Mr N. Harsha Agrinergy 286 Mr Pawan Aggarwal DU Digital Processes Pvt. Ltd. 287 Mr Ashok Arora Incredible Group

288 Mr K K Khanna Starategic Technology And Management Consultant

289 Mr Rajinder Kumar D D Berg Project Consultants Pvt. Ltd. 290 Mr Piyush Goel Muvin Infotech 291 Mr Sam Bali Innov ACE Industries 292 Mr Anshul Gupta Indian School of Business 293 Mr Debojyoti Chakraborty Amity University 294 Mr A K Dubey Agricultural Finance Corporation Ltd. 295 Mr Anil K Varshney BSES 296 Mr Katja Brusinski RWE Power AG 297 Mr G C Dhingra Power and Energy Consultants 298 Mr Amit Anand MGM International 299 Mr R. K.S Bhadouria Hindustan Unilever Ltd. 300 Mr Rajiv Rastogi Sumedha Fiscal Services Ltd. 301 Mr. Srinivas Tukdeo Ecolutions 302 Mr. Bimlesh Kumar Dabur India Ltd. 303 Mr. Amit Agarwal Bhilangana Hydro Power Limited, UP 304 Mr. Mahesh Babu IL& FS Ecosmart Limited 305 Mr. Shamsher Bahadur P C Management System (P) Ltd., N D 306 Ms. Tarang Bali Mahendra Group, 307 Mr. Aseem Chaturvedi Emergent Venturs India Pvt. Ltd.,

308 Mr. S K Gupta KEC Industries Ltd., Antriksh Bhawan, New Delhi

309 Prof. Sudhir Gupte A.D. Patel Institute of Technology 310 Dr. Hermann Herz GTZ, Gurgaon 311 Mr. Rajesh Kumar CSIR, Anusandhan Bhawan, 312 Mr. Sampath Kumar TIDE Technocrats Pvt. Ltd. 313 Mr. Rohit Lohia EcoSecurities India Private Ltd., New Delhi

314 Mr. Sambit Nayak EcoSecurities India Private Ltd., New Delhi 315 Mr. S N Sharma 73/GH-4, Meera Apartments, New Delhi-63 316 Mr. Anil Kumar Sharma Antony Waste Handling Cell (Pvt.) Ltd., Noida 317 Mr. Faisal Zia Siddiqui Jamia Millia Islamia, New Delhi, 318 Mr. Amarjeet Singh CEA 319 Mr. Ravinder Singh PEDA 320 Mr. P Suresh CSIR, New Delhi 321 Mr. Manzoor Tak State Forest Research Institute, Jammu 322 Ms. Pragya Varma LEAD India, New Delhi 323 Ms Nitu Goel Energy & Resources Institute 324 Mr Rajiv Ranjan Envorinmental Carbon Solutions Pvt. Ltd. 325 Mr Pawan Kumar Kohli K K K Hydro Power Ltd. 326 Mr Sushil K Agarwal Swastik Pipes Ltd. 327 Col P P Luthra Leading Security 328 Er. Ravinder Singh Punjab Energy Development Agency 329 Mr Harsh Raval Gadhia Solar Energy Systems Pvt. Ltd. 330 Dr Rudolf Rauch GTZ 331 Mr Rajesh Kumar Jain Central Electronic Ltd. 332 Mr Balendu Goel Vayam Technology Ltd. 333 Mr Srikanta K Panigarhi Carbon Minus India 334 Mr Sandeep Arora L & T Power Ltd. 335 Ms Richa Lohia IL & FS Eco Smart Ltd. 336 Ms Himani Bist GTZ 337 Ms Neha Garg IL & FS Eco Smart Ltd. 338 Mr Sumit Barat IL & FS Eco Smart Ltd. 339 Mr Aakash Verma Greenpark International Ltd. 340 Mr Shalin Shah Centre for Enviornment Education 341 Mr Ankur Khanna Sindicatum Carbon Capital India Pvt. Ltd. 342 Mr Jai Kumar Gaurav Sindicatum Carbon Capital India Pvt. Ltd. 343 Dr S. Kamaraj Tamil Nadu Agriculture University

1  

ANNEXURE VII

VALEDICTORY ADDRESS BY Mr. GIRISH PRADHAN, I.A.S, ADDITIONAL SECRETARY, MINISTRY OF POWER, GOVERNMENT OF INDIA.

1. We meet at a time when the world confronts a growing energy crisis in the backdrop

of concerns of climate change. Our ability to continue on a path of accelerated economic

growth is likely to face a major energy constraint. Our options are likely to narrow further as

a result of climate change concerns, which will inevitably limit our energy choices. An

encouraging sign is that in the recent past, India has been able to deliver 8-9% growth in

its economy with energy use rising at the rate of 3.7%. The energy intensity of our GDP

growth is one of the lowest in the world at 0.17 kg of oil equivalent per dollar of GDP, which

is less than the OECD average of 0.18 kg of oil equivalent. Energy conservation for India is

a compulsion imposed by scarce energy resources and must be on the top of our

development agenda.

2. Climate Change and energy security are inextricably linked together in the modern

world which consumes vast quantities of commercial energy relying heavily on carbon-

emitting fossil fuels such as coal, oil and gas. India relies heavily on coal for meeting more

than 50% of energy requirements, a scenario that will remain unchanged in the foreseeable

future. The need to adopt more efficient technologies that will reduce our carbon footprint,

while also giving a fillip to our quest for energy security, is expedient. Higher standards of

energy efficiency and incentives that encourage investments in energy efficiency and

renewable energy are the need of the hour.

3. Recognizing the formidable challenges of meeting the energy needs in a sustainable

manner and at reasonable costs, improving the efficiency of both conventional and non-

conventional energy and its conservation have become important components of our energy

policy. The Energy Conservation Act, 2001 integrates these elements as a measure of

express legal intent and commitment since it came into force from 1st March, 2002.

4. CDM remains one of the major financial tools to promote transfer of technology for

sustainable growth. An estimated flow of $100 billion annually is expected in the developing

countries by the mid of this century through sale of carbon credits by the developing nations

like India. At present, India accounts for emission reduction transactions representing more

than 111.6 MtCO2e with an approximate value of $800milion, leveraging climate friendly

2  

investment of $2.25 Billion. The relative demand for the emission reductions from the

industrialized countries will depend upon the nature of any post 2012 agreements.

5. However, CDM has not been able to attract energy efficiency projects in large

measure. The statistics of UNFCCC reveal that energy efficiency accounts for only 14% of

738 globally registered CDM projects and much less, i.e. 9% of the expected CERs from the

registered projects. In India, the numbers of EE projects are 59 of the 257 projects registered

and are small scale projects with average CER generation of less than 15,000 per annum.

This makes most EE investments not attractive enough for CDM given the high proportion of

transaction cost and time associated with the process in relation to the CER generated. The

time taken by a developer to register a project with the CDM Executive Board is usually

between 2-3 years and after that to start yielding revenues takes longer. Moreover,

uncertainty over the post 2012 scenario is now becoming a major element in taking

decisions in this regard. Most EE projects are inherently viable, given that they reduce

energy costs and have paybacks varying from one to five years. Thus the issue of

additionality, which is a key requirement for any CDM process, is difficult to prove.

6. Despite the fact that there is a huge market waiting to be tapped, progress in creating

Energy Service Companies has been limited. Part of the problem is the lack of commercial

bank financing, but equally a general lack of awareness of the possibilities for profit in this

area. Both industry and the banking sector need to focus attention on this area. CDM could

play a major role to attract investments in this important area as they could provide the much

needed risk mitigation and comfort that several financial institutions as well as facility owners

look for.

7. In our quest for improving the investment climate for energy efficiency, which is now

being escalated to a mission mode by the Government, CDM provides an important tool to

attract investment. One of the ways forward in making EE more attractive for CDM is by use

of the Programme of Activities (PoA) approach that has been recently approved by the CDM

Executive Board. This approach enables aggregation or bundling of projects to reduce

transaction cost. The PoA also deals with the issue of additionality, monitoring and

verification at the macro level thereby making it simpler for investors to avail CDM. The

Bachat Lamp Yojana, launched recently by Ministry of Power and Bureau of Energy

Efficiency (BEE) intends to promote energy efficient and high quality CFLs as replacement

for incandescent bulbs in households by making use of the PoA approach. Bureau of Energy

Efficiency, is coordinating this effort by preparing a PoA to enable provision of high-quality

CFLs to domestic consumers for about Rs. 15 per lamp, i.e., at a rate comparable to that

of incandescent bulbs by leveraging CDM revenues. This would remove the barrier of high

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CFL price (which is currently Rs. 80 to 100 per lamp) which is constraining its penetration

into households. The scheme targets replacement of about 400 million incandescent bulbs in

use in the country, leading to a possible reduction of 6,000 MW-10,000 MW of electricity

demand, and a reduction of about 24 million tones of CO2 emissions every year. The PoA for

the scheme has been prepared after the first pilot project at Vizag registered by CDM EB.

Similar PoAs are on the anvil for DSM programmes in agriculture, municipal, SMEs,

appliances, etc.

8. The Government is currently engaged in the formulation of the 8 national missions

announced as a part of the National Action Plan on Climate Change (NAPCC) by the Prime

Minister. The NAPCC spells out measures to help adapt to consequences of climate change

that has already taken place and is expected to take place in the foreseeable future. It will

formulate a strategy to enable India to pursue, in a significantly enhanced manner,

sustainable development that assumes a graduated shift away from fossil fuels to non-fossil

fuels, energy efficiency. This would enable the country to stabilize its greenhouse gas

emissions at a lower and more sustainable level and eventually reducing them significantly.

The National Mission for Enhanced Energy Efficiency, which is one of the 8 national

missions, is expected to lay down conducive policy and regulatory mechanisms for

acceleration of private investments, public/private partnerships to achieve the objectives of

the Mission. CDM, as well as any other form of the emerging carbon market, will play an

important role in this endeavour. I am happy to note that the Carbon Bazaar has dwelt on

this important issue of boosting market mechanisms and CER trading in developing

countries like India and to provide a meeting ground of different market players in the areas

of renewable, energy efficiency in municipalities, SMEs, etc. This will compliment the

ongoing efforts of the Government and I would congratulate the Ministry of Environment and

Forests and GTZ for this timely initiative. I will look forward to the recommendations of this

conference.

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