| Sourced From The Business Line |

United Nations body also makes norms more stringent.

New Delhi, March 7 The economic slowdown, visible through the drop in industrial production in the past few months, also seems to be affecting the ability of the companies to generate carbon credits. The number of carbon credits that are issued to the ITC group, Reliance Industries Ltd, Jindal and Tata group companies from 2002 onwards has seen a sharp decline in the last one or two years, compared with the carbon credits earned in the previous years.

This is based on the search for Indian companies earning carbon credits on every tonne of carbon dioxide that they reduce, compiled by the Institute for Global Environmental Strategies (IGES), set up by the Japanese government.

Related posts:

1. UNFCCC Gives Out Nearly 25,000 Carbon Credits to Indian Lanco Industries
2. Fall in crude oil prices affects carbon credits mkt
3. Indian firms drop carbon trading plans in favor of renewable projects
4. Cos dump green projects as carbon credits lose value
5. JPMorgan Chase Subsidizes Stoves in Africa to Earn Carbon Credits

Tags: Carbon Credit, India carbon, UN Carbon