Policy and Projects: Reduction of Carbon Emissions in the Manufacturing Industry in South Asia
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This study investigates manufacturing industry carbon reduction policy based on sustainable development criteria for Clean Development Mechanism (CDM); one of the three Emissions Trading System (ETS) mechanisms. Based on the manufacturing industry CDM projects undertaken in the South Asian countries, it also explores the growth of Certified Emission Reduction (CERs) in relation with Estimated Emission Reduction (EERs) for the period between 2006 and 2011. The study finds that the majority (90%) of the CDM projects in South Asian countries are based in India. The registered projects are mostly concentrated on fuel switch or energy efficiency of which less than half (44%) belong to the Cement industry and about 24% belong to Brick manufacturing industry. The study also finds an unstable trend of CERs (116% on an average) and weak correlation (30%) against EERs followed by low CERs (17%) and negative correlations about 33% against cumulative EERs. This study recommends specific targets for the post 2012 period both for EERs and CERs for the manufacturing industry in deciding carbon emissions targets to achieve maximum credits from emissions trading.
Journal of Economics and Sustainable Development
© The Author(s) 2012. This is an Open Access article distributed under the terms of the Creative Commons Attribution 3.0 Unported (CC BY 3.0) License (http://creativecommons.org/licenses/by/3.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Business and Management not elsewhere classified