Clean investments
According to a paper jointly prepared by the credit rating firm Crisil and Hagler Bailly Services, clean development mechanism (cdm) projects could bring investments worth US $39.15 billion into India. Under the cdm programme, companies in the developed countries can invest in developing countries to achieve carbon reduction objectives at lower costs.
India can attract 7-14 per cent of the global cdm investments ranging from US $360,000 to $2.4 billion a year, estimates the paper. The average figure could be about 20 per cent of the current foreign direct investment flows, or roughly about US $1 billion, says the paper.
Coal-based electrical energy units and the transport sectors are the main contributors to greenhouse emissions. Investments in the renewable energy sector could attract cdm project investments of US $14.6 billion. The transport sector can attract of US $23.5 billion in investments.
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