Emmissions trade to set Economy on Blaze
Todays headlines on the Economic Times says:
"Emmission trade to set Economy on Blaze"
Critics do say that CDM ( clean development mechanism) isnt directly saving the environment. But I have a different point of view. Unless you attach monetary value to something, there is never gonig to be any interest in conservation. Carbon trading presents this opportunity.
With the amount of FDI this is inviting into India, this represents an opportunity for a non- Annexe 1 coutry( a developing nation) to obtain huge financial gains by employing cleaner technology.
Check out the front page of the Economic Times, Mumbai edition on this link:
http://www.economictimes.indiatimes.com/articleshow/1456042.cms
"Emmission trade to set Economy on Blaze"
The next big foreign exchange producer could well be emmission trading.With over 250 projects cleared,India is emerging as a leader in emmission reducing projects which entitles producers to a large volume of carbon credits.The government expects 17000 cr of investment into the country till 2012 and estimates 10,000 cr a year by selling carbon credits .
The planning commission estimates that India can generate 205m CERs (certified emmission reductions) per year.
Trading in carbon reductions has become extremely popular after the Kyoto Protocol signed in 1997.
Critics do say that CDM ( clean development mechanism) isnt directly saving the environment. But I have a different point of view. Unless you attach monetary value to something, there is never gonig to be any interest in conservation. Carbon trading presents this opportunity.
With the amount of FDI this is inviting into India, this represents an opportunity for a non- Annexe 1 coutry( a developing nation) to obtain huge financial gains by employing cleaner technology.
Check out the front page of the Economic Times, Mumbai edition on this link:
http://www.economictimes.indiatimes.com/articleshow/1456042.cms




