New Delhi: Flagship explorer Oil and Natural Gas Corporation has become the first public sector undertaking to generate revenue by trading in carbon credits.
The state-run entity has received 10,722 emission reduction certificates from the United Nations for a waste heat recovery project at its Mumbai High fields.

In the international climate negotiations preceding Copenhagen in December 2009, nationally appropriate mitigation actions, (NAMAs) were used as the solution of many open issues and with very different interpretations of what the term actually stands

Hungary

More than two years after the Brihanmumbai Municipal Corporation (BMC) closed one of the city

Mumbai , March 14: This Rs 50-crore landfill project will recycle the city

IT IS the first time in the fertiliser sector that a company has sold carbon credits. The Indian Farmers Fertiliser Cooperative (Iffco), the world

In a setback to the Municipal Corporation of Chandigarh, legal experts have shot down its proposal to apply for certified emission reduction credits (CER). The civic body was contemplating applying to the United Nations Frame Work Convention on Climate Change for CERs and had sought legal opinion on the issue.

Carbon trading is now the fastest-growing commodities market on earth. Since 2005, when major greenhouse-gas polluters among the Kyoto signatories were issued caps on their emissions and permitted to buy credits to meet those caps, there have been more than $300 billion worth of carbon transactions.

Vishwanath Kulkarni

Notwithstanding uncertainty in the global carbon trade, consulting and advisory firms such as Emergent Ventures, Ernst & Young and GTZ, are beginning to see a revival of interest from Indian companies to earn and sell carbon credits.

Companies now have a monetary incentive to engage in eco-friendly production apart from that of projecting an eco-friendly image to the consumer
Nagraj Chandrashekhar

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