PUNE: State minister for forests Babanrao Pachpute distributed Rs 55 lakh as carbon credit (CC) funds to 24 Indian project promoters for commercializing their carbon credits for a period from January to December 2007.
Pachpute presented the funds at a city hotel on Saturday during the Carbon Credit Fund Distribution Ceremony organized by MITCON Consultancy Services Limited, a firm dealing with energy auditing in industrial sectors.
Later, interacting with media persons, the minister said that the State government is in the process of formulating a CC policy and would invite MITCON consultancy for their suggestions.
Explaining the rationale of CC, MITCON executive vice-president Deepak Zade said,
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