Carbon trading, a market started by Kyoto protocall is expected to grow to US$100 billion in the near future, and Indian firms want are poised to reap the benefits.
Recently, an Indian firm won the single largest issuance of carbon credits by the United Nations Framework Convention on Climate Change, which awarded 5.4 million carbon credits to two projects owned by India's JSW Steel.
SBI has said analysts peg the global carbon-trading market at $100 billion by 2010, and the Indian carbon market has the potential to supply 30-50% of the projected global market of 700 million CER(certified emission reduction)s by 2012.
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