Released on: April 28, 2008, 1:49 am

Press Release Author: TUV SUD South Asia Pvt. Ltd.

Industry: Management

Press Release Summary: Emissions Trading as set out in the Kyoto Protocol 28 January
2008
TÜV SÜD selected as \'best verifier\'


Press Release Body: Mumbai. The readers of business magazine \"Environmental Finance\"
have elected TÜV SÜD 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, TÜV SÜD 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. TÜV SÜD 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 TÜV SÜD
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, TÜV SÜD 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, TÜV SÜD 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
TÜV SÜD South Asia
TÜV SÜD House
Off Saki Vihar Road, Saki Naka
Andheri (East), Mumbai - 400072 Tel. +91 22 30822676 / 30829797
Fax +91 22 30829595
E-mail Naveli.Gupta@tuv-sud.in
Internet www.tuv-sud.in


i TÜV SÜD 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).

TÜV SÜD South Asia is a wholly owned subsidiary of TÜV SÜD 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).


Web Site: http://www.tuv-sud.in

Contact Details: Naveli Gupta
Corporate Communications
TÜV SÜD South Asia
TÜV SÜD House
Off Saki Vihar Road, Saki Naka
Andheri (East), Mumbai - 400072