CHALLENGES AND OPPORTUNITIES FOR SUSTAINABLE CLEAN ENERGY CDM PROJECTS IN INDIA - FINANCIAL PERSPECTIVE

Abstract

Background: The Clean Development Mechanism (CDM) has developed at an astonishing pace ever since 2002 and is well thought-out to have made optimistic hand-outs to the expansion of greenhouse-gas- reducing projects in rising nations. Taking into consideration its chronological implication as the primary effort of its kind and its existing success, a methodical assessment of its structure and its efficiency is the need of the hour. Aim: Aligned with this background, this case study intimately examines the existing system practices, barriers and challenges confronted by the CDM project developers in India in its implementation, especially focusing on the financing aspect. For the scrutiny, the author executes an all-embracing quantitative and financial analysis amplified by a descriptive study, on the basis of data of selected CDM projects. Methodology: Both primary & secondary sources are used to collect data. Results/Findings: The results of the case study put forward that the growth of CDM projects is enthused by positive economic, social and technical surroundings in host nations as well as encouraging CDM management. Further the case study found that financial performance of companies associated with CDM projects is increased with the CDM revenue and vice versa. The breakdown of most of the CDM projects is attributable to technological, financial and operational troubles at the early phase of project execution. Conclusion: Based on the results, the case wind up with policy proposals to improve the competence and the performance of the key players in the CDM market.This research will help decision makers, policy analysts, industries, banks for further research work and to all others those who have the potential to engage in CDM project activities.