With an aim to provide an insight into the billion dollar Clean Development Mechanism (CDM) and carbon credits market, a new portal, carbonyatra.com, was launched in Mumbai, India, today.
March 19, 2007 (Press Release) --
Mumbai, March 19, 2007: With an aim to provide an insight into the billion dollar Clean Development Mechanism (CDM) and carbon credits market, a new portal, carbonyatra.com, was launched in Mumbai, India, today.
“It’s surprising that there isn’t a single Indian CDM and carbon credits news portal to address local concerns from the industry and stake-holders in the carbon market. Our portal will aim to bridge that divide and will also provide a free service to investors looking to buy or sell carbon credits and those looking to setup CDM projects, via a free classifieds section,” said Ms Rosanne Rodricks, managing editor, carbonyatra.com.
The portal will feature Indian companies that are at various stages of the CDM approval process including the validation, registration, baseline, CER issuance and methodology list.
Developed countries have to spend nearly $300 to $500 for every tonne reduction in CO2, against $10 to $25 to be spent by developing countries. In developing countries like India, the emission levels are much below the target fixed by the Kyoto Protocol. So, they are excluded from reduction of GHG emission. On the contrary, they are entitled to sell surplus credits to developed countries.
“We are not a consultancy, but a news and information portal. We will also provide EU-ETS price charts and expert opinions to help CDM players in the Indian market and across the globe,” added Ms Rodricks.
Interested participants in the CDM market can put up their very own free classifieds on the portal and solicit responses to their requirements. “Gone are the days when the client went in search for consultants and services. Users can list their requirements and make the service providers and consultants come to them. We’re encouraging competition and providing exclusive CDM content,” said Ms Rodricks.
Trading in carbon credits is a great business opportunity. Foreign companies which cannot fulfill the protocol norms can buy the surplus credit from companies in other countries. Many Indian companies have already been re-rated on the stock markets on the basis of the bonanza that will accrue to them when carbon trading kicks off. The preliminary phase of the Kyoto Protocol is to start in 2007 while the second phase starts from 2008.
India is the largest beneficiary, claiming about 179 out of the total 550 projects that were registered by the UNFCCC through the CDM as of March 19, 2007. It is expected to rake in at least $5 billion to $10 billion (Rs 22,500 crore to Rs 45,000 crore) over a period of time.
Indian banks have already tied up with international buyers to pool CERs generated by SMEs and sell them globally in market lots of CER units. The move to aggregate CERs is significant as international buyers typically require larger volume of CERs.
Log on to www.carbonyatra.com for more information.
Contact information:
Ms Rosanne Rodricks, Managing Editor,
rjr@carbonyatra.com
“It’s surprising that there isn’t a single Indian CDM and carbon credits news portal to address local concerns from the industry and stake-holders in the carbon market. Our portal will aim to bridge that divide and will also provide a free service to investors looking to buy or sell carbon credits and those looking to setup CDM projects, via a free classifieds section,” said Ms Rosanne Rodricks, managing editor, carbonyatra.com.
The portal will feature Indian companies that are at various stages of the CDM approval process including the validation, registration, baseline, CER issuance and methodology list.
Developed countries have to spend nearly $300 to $500 for every tonne reduction in CO2, against $10 to $25 to be spent by developing countries. In developing countries like India, the emission levels are much below the target fixed by the Kyoto Protocol. So, they are excluded from reduction of GHG emission. On the contrary, they are entitled to sell surplus credits to developed countries.
“We are not a consultancy, but a news and information portal. We will also provide EU-ETS price charts and expert opinions to help CDM players in the Indian market and across the globe,” added Ms Rodricks.
Interested participants in the CDM market can put up their very own free classifieds on the portal and solicit responses to their requirements. “Gone are the days when the client went in search for consultants and services. Users can list their requirements and make the service providers and consultants come to them. We’re encouraging competition and providing exclusive CDM content,” said Ms Rodricks.
Trading in carbon credits is a great business opportunity. Foreign companies which cannot fulfill the protocol norms can buy the surplus credit from companies in other countries. Many Indian companies have already been re-rated on the stock markets on the basis of the bonanza that will accrue to them when carbon trading kicks off. The preliminary phase of the Kyoto Protocol is to start in 2007 while the second phase starts from 2008.
India is the largest beneficiary, claiming about 179 out of the total 550 projects that were registered by the UNFCCC through the CDM as of March 19, 2007. It is expected to rake in at least $5 billion to $10 billion (Rs 22,500 crore to Rs 45,000 crore) over a period of time.
Indian banks have already tied up with international buyers to pool CERs generated by SMEs and sell them globally in market lots of CER units. The move to aggregate CERs is significant as international buyers typically require larger volume of CERs.
Log on to www.carbonyatra.com for more information.
Contact information:
Ms Rosanne Rodricks, Managing Editor,
rjr@carbonyatra.com
Email
Print
SPAM
