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  • Author:
  • Published: Sep 19th, 2010
  • Category: India
  • Comments: 3

‘Promote carbon trading’


| Sourced From Business-standard |

The Centre should promote a carbon credit trading mechanism on lines of the Kyoto Protocol in the country to enable the plantation industry to earn carbon credits.

Presently, nations under the European Union buy carbon credits under the United Nations Framework Convention on Climate Change that has been mandated through the Kyoto Protocol.

However, a majority of projects approved under the clean development mechanism are industrial in nature and very few belong to the agriculture sector.

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