Carbon Credit - An Indian Perspective

You’ve got to pace your way through some climate science and a little bit of market economics to understand why India’s entrepreneurs have made such huge investment in plain and simple hot air. Carbon dioxide is today a tradable commodity because some developing countries such as India and China put their foot down and told the developed rich countries that they were squarely to blame for much of the global warming. Europe has a robust carbon exchange today. China, India and Brazil are fighting for a share in the pie to become the biggest sellers of CERs. Indian organization has already committed investment to generate more than 379 million CERs. Worldwide investments have been made that will generate 1.9 billion CERs by 2012. These investments would reduce greenhouse gas emission by 1.9 billion tones. In India there are 591 projects worth rupees 50,000 crore under way.