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Home > News > Civic body to earn Rs 27 cr from trading of carbon credits > Civic body to earn Rs 27 cr from trading of carbon credits

Civic body to earn Rs 27 cr from trading of carbon credits [1]

Mumbai The closure of the 25-year-old dumping ground measuring 19.6 hectares at the Gorai creek in Borivli has earned the Brihanmumbai Municipal Corporation (BMC) Rs 27 crore by trading of an estimated 31,033 tonnes of carbon credits a year. The Asian Development Bank (ADB) has agreed to purchase the carbon credits from the civic body at a cost of 12 Euros per carbon credit till 2014.

Publication Date: 
19/05/2009
Indian Express (Mumbai) [2]
Tags:
Climate Change [3], Green House Gases [4], Carbon Capture and Storage [5], Emissions Trading [6], Certified Emission Reduction [7], Asian Development Bank (ADB) [8], Mumbai [9]
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Source URL: http://admin.indiaenvironmentportal.org.in/news/civic-body-earn-rs-27-cr-trading-carbon-credits

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[1] http://admin.indiaenvironmentportal.org.in/news/civic-body-earn-rs-27-cr-trading-carbon-credits
[2] http://admin.indiaenvironmentportal.org.in/category/newspaper/indian-express-mumbai
[3] http://admin.indiaenvironmentportal.org.in/category/thesaurus/climate-change
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/green-house-gases
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/carbon-capture-and-storage
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/emissions-trading
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/certified-emission-reduction
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/asian-development-bank-adb
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/mumbai