How secure?
EcoSecurities, a uk -based company dealing with carbon credit projects, recently announced its plans to assist Indian project developers enter the market of clean development mechanism (cdm), a tool for the developing countries to meet their Kyoto Protocol targets. It plans to assist in areas of assessment, documentation, approval processes and monitoring, while verifying and either acquiring or transacting greenhouse gas emission reductions created by the projects. "A significant portion of us $100 million raised in 2005 by us will be invested in origination, implementation and commercialisation of carbon projects in India,' said Pedro Moura Costa, the company's president.
Through cdm, developing countries can benefit from sale of carbon emission reduction (cer) units
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