Pure-play carbon credit companies in crisis - The Times of India
MUMBAI: The crash in carbon credit prices globally has served a crushing blow to companies operating in this space in India. Firms, whose business models were based purely on profit from sale of carbon credits, have either closed down or substantially downsized their operations. A carbon credit is a type of a tradable greenhouse gas emission reduction unit issued to projects under the Kyoto Protocol. One carbon credit is equivalent to one tonne of carbon dioxide (CO2) mitigated. A consultant or a trader usually earns a profit from the sale of carbon credits by a manufacturer. With prices falling from around 10-12 euros per unit six-eight months ago to 3-4 euros today, the consultants' profits have slumped by one-fourth. This has forced some of these companies to down shutters.
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