Carbon Offsets Daily

China is the number one supplier of Carbon Credits (CC), , and they show no signs of slowing down. Good news on paper, yet last year alone, Shanghai fell short of its goal of 4% improvement in energy efficiency, and two of the major environmental indicators were pointing in the wrong direction. These indications show that with all China’s economic good intentions, the environmental problems are too deep to simply expect Carbon Credits to function like a magic wand.

But India, the supposed number two with 6% and , has reached a plateau in its overall growth. Still, futures prices reached an all-time high of Rs 1,283 per CER (certified emissions reduction) on May 27, and the 295 Indian companies registered to trade CER are doing so aggressively.  

It remains to be seen whether current technological and economic strategies will be sufficient to combat the massive pollution existing in the world’s two leading traders of carbon credits.