The Indian Railways have come with a unique business model which will enable it to generate some revenues from development of clean technologies (CDM - clean development mechanism) of the Kyoto protocol through building Carbon credits by installing over 26 lakh compact flourescent lamps in the houses of it's 6.5 lakh employees around the country.
The Railways have invited companies to bid to supply 4 CFLs each in each household and to maintain them for the next four years through 2012. In turn the companies through the CDM can earn Carbon credits, the revenue of which they share with the railways. Presently each carbon credit ( equivalent to reducing polluting the enviromnment upto 1 ton of CO2) sells at euro 22, or roughly Rs.1200/=
Due to the unceratyin nature of the savings and the high initial costs involved, dometic companies have not bit the bait but some MNCs , including OSRAM from Germany have shown interest and will help the Railways not only reduce it's pollution and at the same time earn some revenues too. Clear smart thinking and followup !!
It also made interesting reading yesterday to note that India is the fastest country in the world to accept and implement non-polluting technologies, solar and wind based. Maybe one can read between the lines too !! The future holds terrific potential..