Clean Deals

CDM or Clean Development Mechanism developed under the Kyoto Protocol to cut green house gas emissions of industrial countries by five percent by 2012 is wooing emerging economies to trade what are called carbon credits and help industrial countries meet targets. CDM or Clean Development Mechanism developed under the Kyoto Protocol to cut green house gas emissions of industrial countries by five percent by 2012 is wooing emerging economies to trade what are called carbon credits and help industrial countries meet targets. Developing countries don’t need to cut emissions but can sell emission savings of many types.

CDM is set to become one of the biggest trading channels in the future.

But Sri Lanka can potentially lose out because of lack of awareness of investors and government.

For example diesel power plants emit tons of toxic gases. But a little hydropower projects do not.

A little hydropower project located in Alupola off Ratnapura generates no toxic gases.

Alupola is one of the several plants developed by Eco Power, a company that specializes in developing mini hydro projects here.

The plant with its 2.7 MW capacity supplies the Balangoda grid.

Although relatively small, its developers are set to reap the