Sunday, December 13, 2009

Money for old carbon

It gets worse ...

The Indian government has approved more than 1,400 projects as part of the Clean Development Mechanism (CDM) that could attract around £3.7 billion (Rs 28,000 crore) into the country by 2012 through sale of Certified Emission Reduction (CER) certificates, according to Environment and Forests minister Jairam Ramesh.

From the Indian Business Standard. How much of that goes into Tata's sticky pockets?