India, Norway sign pact on clean development projects
22 Oct 2009
India and Norway today signed a memorandum of understanding for co-operation in the area of climate change and implementation of projects involving Clean Development Mechanism under the Kyoto Protocol.
Jairam Ramesh, minister of state for environment and forests and Erik Solheim, minister of environment and international development, Norway, signed the MoU.
The agreement would strengthen the efforts to conserve and improve the environment for present and future generations, sustainable development and implementation of CDM project activities, a government release said.
The MoU is intended to foster co-operation between India and Norway in the area of climate change, by providing a forum for regular bilateral consultations, by stimulating the development and implementation, by Indian and Norwegian entities of project activities under the CDM.
The project activities undertaken will contribute to sustainable development, and in accordance with the Marrakech agreement, no official development agency (ODA) funds will be used to purchase CERs from the CDM project activities, the release said.
The two parties will review progress of the implementation of the present MoU through regular bilateral consultations, ie, in the Indo-Norway Joint Working Group on Environment.