Mumbai The closure of the 25-year-old dumping ground at Gorai creek in Borivli has earned the Brihanmumbai Municipal Corporation Rs 27 crore by trade of an estimated 31,033 tonnes of carbon credits a year. The Asian Development Bank has agreed to purchase the carbon credits from the civic body at a cost of 12 Euros per carbon credit till 2014 and has made the payment for 50 per cent.
A decline in industrial production in the European economies has led to a fall in carbon credit prices by more than 58 per cent in the last eight months.
INDIAN companies are shelving green projects that would have earned them carbon credits under the Clean Development Mechanism (CDM) following a 50% fall in the prices of Carbon Emission Reduction (CER) credits due to the global downturn.
LONDON - A suspension of the Chinese government's price floor for Kyoto carbon offset sales, expected in March, could weigh on this already battered market, analysts IDEAcarbon said on Friday.
MUMBAI: When Barack Obama talked about harnessing the sun, wind and soil to fuel cars and run factories, a flicker of hope rekindled in the hearts of Indian entrepreneurs pursuing clean technology projects. There is optimism now that growth in the carbon sector could indeed pick up, leading to higher demand generation for carbon credits from India.
MUMBAI: When Barack Obama talked about harnessing the sun, wind and soil to fuel cars and run factories, a flicker of hope rekindled in the hearts of Indian entrepreneurs pursuing clean technology projects. There is optimism now that growth in the carbon sector could indeed pick up, leading to higher demand generation for carbon credits from India.
Date: 20-Jan-09
Country: AUSTRALIA
Author: Bruce Hextall
SYDNEY - The first trade in Australian Emissions Units (AEU) since the government released its blueprint for a carbon trading scheme was carried out on Monday, providing an indication of the future cost of polluting in Australia.
