Carbon Ratings Agency (CRA), a subsidiary of , has initiated an autonomous
carbon credit ratings scheme at the . This step is likely to
regulate carbon as an article of trade and will result in a new group of
assets. Investors would be able to compare the assets rated under this scheme
with each other.
There will be several criteria on which the rating would be
based. An evaluation would be carried out to measure the probability of achieving emissions reductions in the given time. The socioeconomic
advantages associated with the project would be considered too. CRA has already
so far.
As carbon trading flourishes and the market expands, it is
likely that more firms will seek project-based evaluations. These firms will
need transparent and unprejudiced assessment of risks, which is what the CRA intends
to do. It must be noted that Carbon Ratings Agency is not into carbon trading
itself.
IDEAcarbon reports that would make up around
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