Financial Daily from THE HINDU group of publications
Sunday, Apr 30, 2006
Financial Daily from THE HINDU group of publications Sunday, Apr 30, 2006 |
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Events Industry & Economy - Environment S'pore-based group offers access to carbon trading Our Bureau
Chennai , April 29 A consortium of companies led by the Singapore-based Asia Carbon is offering Indian companies access to carbon trading through projects that enable reduction in emission of greenhouse gases. Addressing a seminar on a consortium approach to clean development mechanism and carbon trading, Mr Kesava Shotam, Group Managing Director, Asia Carbon Exchange Pte Ltd, said that the group has set up Asia Carbon Emission Management India Ltd to offer its services in India. Mr Yuvaraj Dinesh Babu, Director, Carbon Trading, Asia Carbon Exchange Pvt Ltd, said that the average price of a unit of Carbon Emission Reduction (CER), about one tonne of carbon dioxide emission, is 8-12 Euros (Rs 448-672). The company has transacted over two million CERs with a value of more than 12 million Euros (Rs 67 crore). Companies in wind and hydropower projects in India have sold 10,000-20,000 CERs, he said.
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