National Carbon Market : Suggested Action Plan

Context :

Govt plans to open National Carbon Market this year  /  Business Line  /  29 Jan 2022

Extract :

The Power Ministry is planning to launch the National Carbon Market in the country during the current calendar year as it aims to promote CLEAN ENERGY TECHNOLOGIES on a large scale , thereby aiding in reducing greenhouse gas ( GHG ) / CO2 emissions by 1 billion tons by 2030

The Bureau of Energy Efficiency ( BEE ) has been mandated by the Government to develop the market

BEE’s governing council deliberated on five key strategies to reduce carbon emissions by 2030, which include :

#   Implementing mission ROSHANEE aggressively

#   Empowering States to accelerate Energy Efficiency ( EE ) policies

#   Enhancing cooperation among Ministries

#   Extensive participation by Consumer and Private Sector

#   Scaling up EE financing and investment

 

Carbon Markets have proved successful in reducing GHG emissions by ,

#  Setting a limit on emissions, and

#  Enabling their trading

 

Trading allows entities that can reduce emissions at LOWER COST to be paid to do so by higher-cost emitter, thus lowering the economic cost of reducing emissions

In October 2021, Singh had announced the proposal for a National Carbon Market with an objective to involve Corporate and Private Sectors towards Energy Savings and Carbon Emission reductions

 

Congratulations, Shri R K Singhji,

 

Without doubt, launch of National Carbon Market is long overdue

Especially heartening is your emphasis on :

“ Extensive participation by Consumer and Private Sector “

In India, we have close to 290 million households.

Following are my suggestions ( sent to you earlier ) for, not only creating an AWARENESS among them but also getting them to ACTIVELY ENGAGE , in reducing their CARBON FOOTPRINT :

 

 

[ A ]   Carbon Finance through Carbon Credits…………. { 12 Mar 2021 }

Extract :

    Here is a partial list of domestic appliances which consume electricity ( apart from LED bulbs ) :

TV sets – Refrigerators – Air Conditioners – Fans – Deep Freezers – Ovens – Electric Stoves – Mixers – Computers – Cloths Washing Machines – Dish Washers – Radios – Tablets – Robotic Floor Sweepers – Massagers – etc

       Ø  By 2030, all of these must be made “ Energy Efficient Appliances “ ,

           certified by Bureau of Energy Efficiency [ BEE ]

           

      Ø  Just as was done in respect of ICE vehicles ( BS IV > BS VI

          compliance ), all electric Appliance  Manufacturers must be

          mandated to switch over to manufacture of only BEE certified

          appliances in 4 phases ( April 2022 – 24 – 26- 28 )

          

         

      Ø  Each such appliance MUST be pre-installed / integrated

           with SENSORS which will continuously monitor its,

#   State of Usage ( ON or OFF )

#   Rate of Consumption of electricity ( Units )

These INTERNET-CONNECTED appliances will continuously relay / transmit these data to the SMART ELECTRIC METER installed in each home

In turn, each SMART METER will relay / transmit to concerned DISCOM ( and to any other specified govt agency servers ), such usage / consumption data, through Internet ( IoT / Internet of Everything ).

These data-transfer will be separate for EACH INDIVIDUAL APPLIANCE

This will enable DISCOM / concerned Agencies, to know / monitor, IN-EFFICIENT appliances, operating above the CERTIFIED THRESHOLD for each type of appliance

Appliances operating “ above “ the threshold, will be assigned / allotted “ CARBON DEBITS “ , whereas those operating “ below “ the threshold, will be assigned “ CARBON CREDITS “

If the NET of these two is POSITIVE ( + ), that home will be incentivized by a lower tariff – and vice-versa

This model ( of INCENTIVIZATION ) must be further strengthened by measuring the amount of ROOF TOP Solar Power , flowing into the SMART METER , with appropriate linkages to CARBON CREDIT

This linkage will motivate a large number of households to install ROOF TOP solar panels

This scheme will enable us to take the CARBON MARKET / CARBON CREDIT / CARBON FINANCE concept, right inside our 290 MILLION households !

         Ø  All manufacturers of House-hold Electric Meters must be told to

             manufacture only SMART ELECTRIC METERS , starting April 2022

             

         Ø  All DISCOMS to replace existing meters in each and every home,

             with a SMART METER, by April 2024

This is only a CONCEPTUAL FRAMEWORK whose details are not difficult to work out

 

[ B ]   Vehicle Charger cum Carbon Creditor ? ……………[ 28 May 2021 ]

Extract :

    While continuing with FAME II, I strongly urge the Govt to consider giving CARBON CREDITS to EV 2-Wheelers, which use the above-mentioned CHARGING DEVICE

    Govt may consider options of a EV 2-Wheeler Owner en-cashing his Carbon Credits or trading it on a CARBON CREDIT EXCHANGE . This will prove to be a powerful INCENTIVE for adoption of EV 2 Wheelers

 ============================================

 [ C ]   Making Yourself Obsolete ? ………………………………[ 14 Feb 2016 ]

 

 Extract :

For taxis / rickshaws running on Hybrid fuel ( producing less Co2 )

or Electric Vehicles ( zero emission ),both, the driver and the passenger

 will get " Carbon Credits "

 - which will also get displayed on the DigiMet  as  also

  on the FareCalc Mobile App on the smart phone of the passenger

 ( @ 20 % of the fare payable ? )

These amounts will get transferred to their respective Jan Dhan Bank Accounts ( thru DTB ) , every quarter

=============================================

[ D ]  PIYUSH PLAN ? ………………………………………………[ 27 Mar 2016 ]

 

Extract :

Based on car specifications / assumed average monthly usage  etc , figure out and fix

           *  " Carbon Credits " for each model of electric car

                manufactured

           *   Based on Carbon Credits earned, calculate Direct Transfer of

                Benefit ( DTB ) to electric car  manufacturers based on

                monthly dispatches of each model and then transfer these

                amounts from EVFF , as incentives to manufacturers 

                              ======================================

[ E ]   Vehicle Scrapping Policy ……………………………….[ 03 Feb 2021 ]

  

Extract :

If govt does not have money for paying INCENTIVE, will it consider motivating old-car owners by crediting into

their JAN DHAN Accounts certain number of CARBON CREDITS ( like crypto-currency ? ) and launch VEHICLE    CARBON CREDIT TRADING EXCHANGE ?

The number of Carbon Credit will depend upon Age/type of OLD car and those of REPLACEMENT car

=============================================

 

With regards,

Hemen Parekh  /  hcp@RecruitGuru.com / 29 Jan 2022

  

Related Readings :

 

National Carbon Market     

Google points the Way                          ……………….[ 01 Apr 2021 ]

 

Treading ( gently ) on Solar Power Trading ………………[ 18 Oct 2021 ]

Market-based Model for Renewable Energy………………[ 09 June 2021 ]