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| Exchange Disseminated Time | India Glycols Ltd has informed BSE that the Biomas based Cogeneration Project activity taken up by India Glycols Ltd. at its Gorakhpur, U.P. plant is successfully registered under Clean Development Mechanism (CDM) project by United Nations Framework Convention on Climate Change (UNFCCC) having equivalent 110157 CERs (certified emission reduction) per annum for ten year fixed crediting period December 16, 2010 to December 15, 2020.
Under the Clean Development Mechanism, emission-reduction (or emission removal) projects in developing countries can earn certified emission reduction credits. These saleable credits can be used by industrialized countries to meet a part of their emission reduction targets under the Kyoto Protocol. |
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