Can Indian industry generate CERs without CDM funding?
Occasionally an industry-type CDM project participant may already have all their funding in place. They will generate CERs every year even without needing to show that their CERs contribute to the viability of their project activity. Basically any project activity that generates emissions over and above what would have happened in the absence of the project activity is eligible to sell CERs. This is very much in the spirit of the Kyoto Protocol.