Wind Power Projects in India and Clean Development Mechanism (CDM) Approach - Implementing Environmental and Resource Management - page 66

ject emissions and leakage from the project activity are zero and thus emission re-
ductions from the project activity are directly equal to the baseline emissions:
ERy = BEy - (PEy + Ly) (7.2)
Where:
PEy = Project Emissions in year y (zero in this case)
Ly = Leakage in y (zero in this case)
Implying that there are no project emissions and leakages, the equation transforms
into:
ERy = BEy (7.3)
7.5 Results and Discussion
India has both an immediate energy need to sustain its economic growth and a
great potential in wind energy. Presently wind energy only accounts for about 5%
of the total energy generation. 63% of the India's electricity is produced using fos-
sil fuels, therefore the development of the renewable energy sector, which cur-
rently accounts for around 8% of the total energy, will play an important role in
Indian's fight against climate change in the near future. Wind energy already
demonstrates its domination in the renewable energy sector of the country. The
wind energy sector is attracting many investors nationally and this is mainly due
to the additional benefits which can be availed of the CDM and VER markets. The
project was submitted directly to the CCX instead of submitting it to UNFCCC as
it was already a commissioned project. The project document (PD) was submitted
to the CCX for approval by Ecolutions Carbon India Pvt Ltd. and was approved in
2008 by CCX board for Voluntary Emission Reductions. The amount of VERs
generated is around 30,000 t of CO 2 equivalent.
7.6 Conclusions
Wind energy in India has a potential of 45,000 MW (MNRE 2009), this attracts
increasing attention to the sector. Presently the installed wind power contribution
is only 19% of the total potential of energy supply. Wind energy, being one of the
cleanest sources of energy, will play an important role in combating global climate
change problems. It is difficult to register Indian wind CDM projects at the
UNFCCC due to the additionality challenges in obtaining CERs. This has resulted
in the emergence of VER market in India. The VER market is a realistic option for
investors to avail of additional benefits, thus encouraging the development of new
wind power parks.