Joseph
 
Wednesday, September 17, 2008
Railways to showcase green projects, earn carbon credits
NEW DELHI: Indian Railways will go green to earn green back.

Seeking to benefit from monetary spin offs of efforts to check climate change, railways are gearing up to earn carbon credits by running new generation trains on clean fuel.

According to the Kyoto Protocol, one carbon credit can be earned by preventing generation of a tonne of carbon dioxide. One carbon credit is worth USD 10 as per the UN Framework Convention on Climate Change guidelines.

Railways have signed two letters of intent with the World Bank to get carbon credits for its projects dealing with regenerative braking system and locomotives.

"This is the first such project in transport sector where railway will earn carbon credit worth millions," said a senior railway official.


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