surely opens opportunities for global GHG reductions while improving economic conditions in developing countries. But one problem that hinders this process is the lack of education and awareness about how carbon markets operate. Otherwise, even businesses operating in third world countries can contribute a good share in the global CDM projects.
Indians and Chinese are getting large benefits from CDM projects at the moment and this may very well be due to relatively better know-how amongst businesses there. A good example was the recent . The event was conducted by the , Centre for Corporate Research & Training (CCRT) on the 30th of this August.
Speakers there discussed and explained the role of United Nations Framework Convention on Climate Change (UNFCCC), Kyoto Protocol and Carbon Trading amongst many other things. Such training courses, no doubt, are an integral part of the move towards a global low-carbon economy. In countries where businesses are unaware of the mechanisms of carbon trading, American and European market actors can collaborate with local bodies to host such events, which would also serve as a marketing campaign for these Western actors.
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