Economic and social risks associated with implementing CDM projects among SME – a case study of foundry industry in India

Prosanto Pal () and Girish Sethi ()
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Prosanto Pal: The Energy & Resources Institute (TERI)
Girish Sethi: The Energy & Resources Institute (TERI)

A chapter in Economics and Management of Climate Change, 2008, pp 209-218 from Springer

Abstract: Abstract The sustainable development of the potential host countries is an explicit objective of the Clean Development Mechanism (CDM), one of the financial mechanisms under the Kyoto Protocol. The three dimensions of sustainability which need to be met by CDM projects are environmental, social and economic sustainability. Energy efficiency projects in the small and medium enterprise (SME) sector directly contribute to sustainable development of the developing country’s economy. There are a large number of products manufactured by SMEs using outmoded energy-inefficient processes. Some examples of such products are clay bricks, glass items, iron castings (foundries), steel re-rolling, textiles and a variety of food items. The total energy consumption of each of these sectors, taken as a whole, is very significant, simply because of the large number of SMEs. Although individual CDM projects are not possible for SMEs, it is technically possible to bundle multiple small projects under large regional “umbrella” projects. However there are several economic and social risks associated with the implementation of smallscale CDM projects. These are presented in this paper by means of a case study on the bundling of energy efficiency projects in a small-scale foundry cluster in Rajkot, Western India.

Keywords: Clean Development Mechanism (CDM); sustainable development; small and medium enterprises (SME); foundry; divided blast cupola (DBC); energy-efficiency improvement; economic and social risks (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-0-387-77353-7_15

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DOI: 10.1007/978-0-387-77353-7_15

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