Viability of CDM projects in India: a study of Chanju CDM project in Chamba district of Himachal Pradesh, India
The Clean Development Mechanism (CDM) is introduced by US government as flexibility mechanisms under Kyoto Protocol and allows developed countries to meet their emission reduction commitments by promoting clean development in developing countries. As a policy mandate, it aims to design project-based mechanisms to reduce emissions. These reductions are produced and then subtracted against a hypothetical baseline of emissions which are predicted to occur in the absence of a particular CDM project. India as a signatory of this protocol have been registered 2313 projects up to August 2010, out of these, 64 projects are of hydro power generation and Chanju power project of 36 MW is one of the CDM project in India. This paper is an attempt of the researcher to make a comparative analysis between the expected benefits received by the executing agency under CDM and the actual benefits people are expected to receive from Chanju-I Hydro Electric Project.