Business Standard
Saturday, Nov 21, 2009
 
drived banner
drived banner
  Advanced Search
Feedback | RSS
Content Guide
Follow us on  
||||Economy & Policy||||| 
 Section Home | News Now | Today's Paper | Features & Analysis | Politics & Public Affairs | Q&A | Columnists | BS Says
Home > Economy & Policy Live Markets | Smart Portfolios II
  Search:
Rlys to go for CFL for carbon credit
Press Trust Of India / New Delhi June 02, 2008, 5:20 IST

Railways have decided to replace all electric bulbs in its colonies with compact fluorescent light (CFL) across the country as part of its efforts to check climate change.

"A total of 2.6 million CFL bulbs will be fitted at every household in railway colonies as part of the clean development management and equal number of incandescent bulbs withdrawn," a senior railway ministry official said.

However, railways will not bear the cost of the CFL replacement as all the compact fluorescent bulbs will be provided by an agency according to the proposal.

"We are in the process of choosing an agency from three shortlisted global companies. The CFL provider will earn carbon credit after registering it with the United Nations Framework Convention on Climate Change (UNFCC)," the official added.

The agency will also give 2 per cent of its earning from carbon credit to railways as part of the agreement.

According to the Kyoto Protocol, one carbon credit can be earned by preventing generation of a tonne of carbon dioxide. According to the UNFCC stipulation, one carbon credit is worth $10.

Besides earning carbon credit, railways expect to save up to 25 per cent of the 2.4 billion units of electricity consumed for general services over the next five years, the official said.

Railways have also undertaken a series of steps as part of the energy conservation programme.

We have introduced solar panel lighting system at many level crossing huts, solar water heaters at all base kitchens, hospitals replacing conventional geysers, the official said.

Railways are also acquiring new generation trains that will run on low emission of fuel and enable us to reduce the pollution level to a great extent besides earning carbon credits, the official said.

Arrow Other Stories     
- Sensex makes remarkable recovery, regains 17K
- FIIs net sellers Rs 298cr in F&O on Friday
- US markets drop on recovery worries
- FII-TO-FII TRADES: PNB traded at 4% premium
- FinMin advises ministries to cut expenses by 10%
More  
  Read Business news in 
  Get financial advisory and solutions for your projects
  Holidays starting at a delightful EMI of Rs 3481
  Switch on and say hello to Monday morning !
  Your dream home can now be a reality.
  Visit Fortis for a preventive health check-up & get a 20% discount.
  Follow the ups and downs of your investments. Try our new Portfolio Tracker
  Kolkata Dock \ Freight contract for the British Gurkhas Nepal
  Find how Midsize Businesses use ERP to gain competitive advantage
  Trading in Forex is now as easy as 1-2-3
  Discover an economical and cost effective way to market your products and services
  Giftwithlove.com: Same day delivery of Flowers and Cakes to India
  Download the E-book on the Future of Business Intelligence
  Learn Best Practices for improving customer satisfaction
  Know your customers better... download the free e-book on CRM
   Discussion Board / User Comments    
Display Name  Email-Id  
Post your comment
Most Popular
Read
E-Mailed
Commented
   
- Bharti Airtel slashes roaming rates by 60%
- Govt may allow private sector investment in education
- Suzlon Energy's three promoters pledge 2.8 cr shares
- Patni may host all IT services on 'cloud'
- We are not trying for a monopoly: HAL chairman
 
 More  
BS Poll
Cast Your Vote
 
   
 
Should rich charitable trusts be brought under the tax net?
  Yes  No
Submit

  Hot Searches  
 
Amitabh Bachchan | N Chandrasekaran | Swine Flu | Mukesh Ambani | Anil Ambani | TCS | Infosys |  Air India |  Duronto |  Pranab Mukherjee | Sonia Gandhi | Congress | Rahul Gandhi |  Bigg Boss |  New Pension Scheme |  Service tax |  Excise duty |  Sebi | Tech Mahindra |  Ramalinga Raju |  Satyam |  Reliance  |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  |  B-School | DLF  Sensex |  Tax calculator | Home Loan  | Bollywood | Personal Finance |  inflation | oil prices |  World Bank | Reliance Infratel |  HDFC |  Barack Obama  
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring
FOR HOT PRODUCTS
BS Bazaar.com
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Site Map | Contact Us | Feedback