By Gary Thomas
Carbon-investments.co.uk, a portal for carbon investments, has appreciated a recent solar initiative to be executed in South India by Eureka Forbes, which markets sustainable home products in India and CarbonSoft, a company involved in integrating carbon credits.
The companies will generate income using carbon credits and use it to provide lighting and solar lamps in South India. The solar lamps, Eurodiya, are produced by Eureka Forbes.
The portal has noticed that developed countries overuse electricity, while more than 1.3 billion people in the world live without power yet. Instead, they still use unsafe and costly kerosene for light and heat. Further, about 190 Mt of CO2 is released from kerosene per year, which is equal to emissions released from 30 million cars.
The aim of the companies is to market more than 158,000 eco-friendly, long-lasting and inexpensive solar lamps to south Indian homes. CarbonSoft has said that when energy efficient solar lamps are used instead of kerosene lamps, it is anticipated to reduce 80,000 t of CO2 emissions and produce the same amount of carbon credits. In turn, the income from the awarded carbon credits will be utilized to offset the price of the lamps, which can be purchased by very poor people.
Further, the portal states that more public and private finds must flow into energy sustainability in order to reach the poor people. Moreover, the portal motivates the local and regional governments to include projects such as Eureka’s lighting objective to meet their long term national energy efficiency targets.