India Inc smells green money

Indian companies are going a long way in finding alternate sources of energy, and in the process, encashing a new opportunity in carbon credits. As many as 746 Indian companies, representing more than 40 sectors, account for 1,056 projects that have applied for CDM accreditation. According to industry chamber FICCI, as many as 114 firms out of India’s top 500 companies are involved in CDM projects.

A Crisil Research study reveals that the number of CERs in India is expected to increase to 246 million tonnes by December 2012, from 72 million tonnes in November 2009. The green-hued firms are spread across sectors such as steel, power, chemicals and consumer goods.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s