Hyderabad airport plans to trade in carbon credits

Mumbai: The GMR group-run Rajiv Gandhi International Airport at Shamshabad, Hyderabad, is planning to trade in carbon credits, its senior official said.
Thiru Waran, assistant vice-president, GMR Hyderabad International Airport (GHIAL), said the airport has to register with the United Nations Framework Convention on Climate Change, or UNFCCC, for carbon credit trading. “The registration could happen early to middle of next year and it could take another six months for the approval to come through,” he said.
Carbon credits are generated by organisations by shifting to cleaner technologies to reduce their energy consumption and, thereby, their carbon emissions. They can trade th carbon credits for monetary returns. But to do that they have to fulfill certain criteria and be approved by UNFCCC. Carbon credits are traded under the term CER, or certified emission reduction.
For instance, for an airport to trade in carbon credits, one of the requisites is to have a bicycle parking space, said Kamesh Rao, vice president, airport development & engineering, GHIAL.
“We are registering all the buildings at the airport under the clean development mechanism,” said Thiru Waran.
The airport recently received the leadership in energy and environmental design new construction (LEED NC) silver rating award by the US Green Building Council.
27/09/08 G Seetharaman/Daily News & Analysis

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Categories: Airports Sep 2008, New Sep 2008