Carbon Credit Scam Slur On Indian Firms
Author:
First published in Sanctuary Asia,
Vol. 30
No. 9,
September 2010
These include five Indian companies: SRF Ltd, Chemplast Sanmar Ltd, Gujarat Fluorochemicals Ltd, Navin Fluorine International Ltd and Hindustan Fluorocarbons Ltd. There is "overwhelming evidence that manufacturers are gaming the system... by producing more potent greenhouse gases, just so they can get paid to destroy them," climate researcher Eva Filzmoser wrote in a recent report placed before a UN committee.
The panel has specially zeroed in on one of the hydrofluorocarbons, HFC 23, the treatment of which has claimed more than half the carbon credits awarded by the UN so far, mostly to chemical plants in India and China which emit the gas as a by product. Read the full report here.
Source: Anika Gupta, Hindustan Times, New Delhi.
