With the Kyoto Protocol, 1997, coming into force on 16 February 2005, clean development mechanism (CDM) projects in India have attracted a great deal of interest. Indeed, with the country issuing over 32% of all certified emission reductions (CERs) generated worldwide, India is fast emerging as a much sought after destination for these projects.
UN framework
Partner
Trilegal
India signed the United Nations Framework Convention on Climate Change (UNFCCC) on 10 June 1992 and ratified it on 1 November 1993.
To strengthen the developed country commitments under the UNFCCC, the parties adopted the Kyoto Protocol, which commits developed country parties to return their emissions of green house gases (GHGs) to an average of approximately 5.2% below 1990 levels over the period 2008-12. India ratified the Kyoto Protocol on 26 August 2002.
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Akshay Jaitly is a partner in the Delhi office of Trilegal where Shailendra Kumar Singh is an associate. Trilegal is a full service law firm with offices in Delhi, Mumbai, Bangalore and Hyderabad.
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