India woos foreign investment with CDM project reforms

Abstract

The Indian government is proposing a let of reforms to Kyoto Protocol standards for Clean Development Mechanism (CDM) projects. This involves scrapping further charges to developers in a bid to push through more CDMs and keep investment flows alive, the Indian government climate change representative and government adviser, Prodipto Ghosh, said. Ghosh unveiled a list of proposals that include the elimination of financial additionality. The Indian government has also proposed the creation of an International Methodology Development Fund, which will scrap charges for first-time project developers, to keep foreign investment flow liquid.