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 Chinas
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 worlds two leading traders of carbon credits.
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