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Can hydro-electric power producer claim certified Emission Reduction? is he eligible to sell it?

Hydro Electric power is a clean source of energy.Recently I heard discussion on TV channel of clean energy, they were discussing potential of India in this field and how to sell carbon credit. India in this five year plan is going to build hydro power plant to produce energy and it will reduce import of coal.Building of hydro power plants is controversial issue because deforestation and migration of people from that site, so Eco-conservation and experts oppose it to build the plant.They argue that it affects ecological balance.Dam in Gujarat was denied funding of WB

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