Mumbai. The readers of business magazine “Environmental Finance” have elected TÃœV SÃœD as best verifier of climate change projects under the Kyoto Protocol. Over the last six years, the emissions trading experts have realized over 800 projects based on the Kyoto Protocol. Offering a comprehensive service programme, TÃœV SÃœD ranks second in climate-change project validation and verification worldwide.
The implementation of climate change projects in line with the Kyoto Protocol is based on the two project-related instruments, Joint Implementation (JI), for projects in developed countries, and Clean Development Mechanism (CDM) for projects in developing countries. TÃœV SÃœD Industrie Service GmbH was the first company worldwide to be accredited for the validation of CDM projects in all 15 scopes of the Kyoto Protocol. “Over the past six years we have handled over 800 CDM projects”, reports Werner Betzenbichler, Head of Carbon Management Services at TÃœV SÃœD Industrie Service. “Over 200 of these projects have now been successfully registered with the United Nations and thus approved for international emissions trading.” In addition, TÃœV SÃœD experts accompanied the first JI project worldwide up to its registration with the United Nations last year. Conversion of the production process at Ukrainian company Podilsky Cement will result in over three million tonnes of total carbon savings throughout the 5-year term of the project. The emission reduction units (ERUs) – the currency of the Kyoto Protocol – generated by these cuts in emissions will go to the Irish organization which funded the project”, explains Betzenbichler. According to the emissions trading expert, completion of this JI project will have a positive effect on the implementation of similar projects, and thus on global carbon reduction.
In India, TÃœV SÃœD is a leading Designated Operational Entity (DOE) and is currently working on over 100 CDM projects for validation and verification.
Media Relations:
Naveli Gupta
Corporate Communications
TÃœV SÃœD South Asia
TÃœV SÃœD House
Off Saki Vihar Road, Saki Naka
Andheri (East), Mumbai – 400072 Tel. +91 22 30822676 / 30829797
Fax +91 22 30829595
E-mail [email protected]
Internet www.tuv-sud.in
i TÃœV SÃœD is a leading international service organization catering to the business segments INDUSTRY, MOBILITY and PEOPLE. With over 13,000 employees, it is represented worldwide at more than 600 locations. As partners in our customers’ processes, our specialist teams ensure that technology, systems and know-how are optimized, thus strengthening our customers’ global competitiveness. Total sales for the group amounted to Euro 1.25 billion in 2007 (projected figures).
TÃœV SÃœD South Asia is a wholly owned subsidiary of TÃœV SÃœD Group. We are a leading certifying, inspection and testing agency in India today. We have a well spread out network in India, with headquarters in Mumbai, 30 offices in India and representative offices in Sri Lanka and Bangladesh to service our clientele base of over 5500 clients. We employ over 670 employees and our current sales turnover is over INR 45 crores (USD 7 million).
