India's carbon tracing prospects hinge on 'destiny's man' Obama

摘要

As Barrack Hussein Obama took over the first Afro - American president giving "audacity of hope" to millions across the globe , Indian environment experts hope that the new president's 'green policies' will give a much needed boost for carbon trading. The prospects of India's carbon trade depend on Obama's stand on climate change and green house gas emission issues, they opine .India has projects lined up for 450 million carbon credits by 2020 and if the markets do not show positive signs, these may become unviable, according to environment experts. The prices of carbon credits have fallen to about euro 12 per tonne level from a peak of euro 20 few months ago - a level, which experts feel, is unlikely to be regained in the short term.