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Article

6 Oct 2004

Author:
Business Line [India]

Indian Companies See Market For Carbon Credits

Several Indian firms are gearing up to sell their 'carbon credits' in the global market. Carbon credits are earned by reducing greenhouse gas emissions through innovative technologies...Gujarat Fluorochemicals Ltd is said to be the first Indian company to get the approval from the National Designated Authority of UK...Private equity funds such as Actis are willing to invest in CDM [Clean Development Mechanism] projects.