Wednesday, May 12, 2010

India: Skyrocketing CO2 emissions AND skyrocketing carbon credits

India's emissions up 58 per cent since 1994...
India's annual greenhouse gas emissions increased by 58 per cent from 1994-2007, driven by higher industrial activity, energy production and transport, according to revised estimates issued by the government after a gap of 13 years.
Indian carbon credits to triple by 2012
MUMBAI: The number of carbon credits issued for emission reduction projects in India is set to triple over the next three years to 246 million by December 2012 from 72 million in November 2009, according to a CRISIL Research study.

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