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VEDA Climate Change Solutions Ltd

Biocarbon Fund of The World Bank's

Carbon Finance Business

The World Bank has mobilized a fund to demonstrate projects that sequester or conserve carbon in forest and agro-ecosystems. The Fund, a public/private initiative administered by the World Bank, aims to deliver cost-effective emission reductions, while promoting biodiversity conservation and poverty alleviation. The Fund is composed of two Tranches: Tranche One started operations in May 2004, has a total capital of $53.8 million; Tranche Two was operationalized in March 2007 and has a total capital of$ 38.1 million. Both Tranches are closed to new fund participation.

The BioCarbon Fund can consider purchasing carbon from a variety of land use and forestry projects; the portfolio includes Afforestation and Reforestation, Reducing Emissions from Deforestation and Degradation and is exploring innovative approaches to agricultural carbon.

The BioCarbon Fund provides carbon finance for projects that sequester or conserve greenhouse gases in forests, agro- and other ecosystems. Through its focus on bio-carbon, or 'sinks', it delivers carbon finance to many developing countries that otherwise have few opportunities to participate in the Clean Development Mechanism (CDM), or to countries with economies in transition through joint implementation (JI). The BioCarbon Fund tests and demonstrates how land use, land-use change and forestry (LULUCF) activities can generate high-quality ERs with environmental and livelihood benefits that can be measured, monitored and certified, and stand the test of time.

The BioCarbon Fund is a public/private initiative established as a trust fund administered by the World Bank. The World Bank, as Trustee, oversees the BioCarbon Fund's management and appoints a Fund Manager and a Fund Management Unit. This unit is part of the World Bank's Carbon Finance Unit and draws on the World Bank's experience with carbon finance.

In 2003,  VEDA MACS Ltd conceptualized and developed a project on “Improving Rural Livelihoods through Carbon Sequestration by adopting environment friendly technology based agro-forestry practices”. It is one of the 22 pioneering projects selected by the BioCF for purchase of CERs from around the world.  The project serves  as a pilot project and would provide economic, social and environmental benefits both locally and globally. It demonstrates  best agro forestry practices with carbon credits for replication both within the country and also in other developing countries in South East Asia, Africa, South America etc.

https://wbcarbonfinance.org/Router.cfm?Page=BioCF&FID=9708&ItemID=9708&ft=Projects&ProjID=9636

JK Paper Ltd., India's largest producer of branded papers is also a leading player in the Printing and Writing segment. It operates two paper plants in India, JK Paper Mills in Rayagada, Orissa, with a capacity of 125,000 tonnes per year and Central Pulp Mills, located at Songadh, Gujarat, with a manufacturing capacity of 55,000 tonnes per year. Both the manufacturing units of the Company are ISO 9001-2000 compliant. A plant to manufacture 60,000 tonnes per year of industrial packaging board in Gujarat is under implementation.

The plants currently operate at more than 120% capacity utilisation with an aggregate annual output of over 180,000 tonnes per year of Paper and Pulp, using contemporary technology. The Company has commissioned a 46,000 TPA state-of-art Coating Plant at Rayagada. This facility employs superior blade coating technology to produce international quality coated art paper and boards, being marketed in the brand name of JK Cote.

About 40% of Paper produced by the Company is sold under various brand names, JK Copier, JK Excel Bond, JK Bond, JK Savannah, JK Copier Plus and JK Easy Copier. Being the largest selling branded copier paper in India, JK Copier is the Company's flagship brand. The other major product is JK Maplitho, a superior uncoated Writing and Printing paper. The Company sells through a nationwide distribution network of approximately 100 distributors and 2500 dealers.

JK Paper enjoys highest Operating Margins and Highest Net Sales Realisation (NSR) in over 90% of the products it sells, amongst the paper mills across India. It is the only Company in the industry with such a large share of branded products in its portfolio. The Company passionately believes in Environment & Safety and has introducing cleaner and environment-friendly technologies. JK Paper Mill at Rayagada has been adjudged as the Greenest Paper Mill in India. Both the units of the Company are ISO 14001 certified for their eco-friendly operations.

The Company's plantations, driven by in-house research programme, have covered more than 45,000 hectares of land over the years. By providing farmers high quality plant species through the Company's plantation research centre, it is helping the farmers to improve their economic well being. Very large number of farmers in the states of Orissa, Chhattisgarh, West Bengal, Andhra Pradesh, Gujarat and Maharashtra are benefitting from this programme. The plantation with its superior quality plants contribute towards a strong base for high quality raw materials

http://www.jkpaper.com

Socio-eCO2nomix-Global

It is a social enterprise registered under Section 25 of the Indian Companies Act, 1956 to address issues encompassing  social equality and equity, rural livelihoods and environmental  conservation through sustainable development initiatives amongst the rural and tribal communities in particular.

Socio-eCO2nomix-Global, long believed that climate variability is a vital source of increasing socio-economic distress amongst the rural communities. To mitigate the impact of climate change  on rural livelihoods and also to provide them economic benefits, it develops and implements projects that  address climate change and  poverty alleviation.

Sri Ram Foundation:

Sri Ram Foundation (SRF) is registered under Indian Trusts Act, 1882 on 9 April, 2007 at Kakinada of East Godavari District in the state of Andhra Pradesh.  The important objectives include:

To promote development of agriculture, technology, human resources, education and research.  

To help and work for social welfare, human upliftment, promotion of   social, economic and cultural awareness, ecological and environmental protection, representing the views, concerns, problems of disadvantaged communities to appropriate authorities to overcome their disadvantage and help them to integrate into the national mainstream.