Monday, May 30, 2011

India takes unique path to lower carbon emissions

India stands at third position in the list of global polluters.With increasing population, increasing energy demands, as new indusries open up in different parts of India and an economy growing at 8-9 percent rate, it doesn't look shocking .But the govt has come up with unique plans like Perform, Achieve and Trade (PAT), by setting up benchmark levels for cement, steel and power plants and also by REC - renewable energy certificate trading scheme for wind, solar and biomass power plants.

"The policy roadmap India is adopting to curb emissions is innovative -- something that will make industries look at making efficiency the centre-piece rather than some step that follows an ineffective carrot and stick policy," said Srinivas Krishnaswamy, CEO of green policy consultants Vasudha India

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