Jai Balaji carbon credit benefit

  • 27/05/2008

  • Business Line (New Delhi)

Jai Balaji Industries Ltd today said it became the first company in the steel sector from West Bengal to get registered with UNFCCC, which is necessary to enable carbon credit benefits. The United Nations Framework Convention on Climate Change registration is an international environment treaty, which was formed with the objective of achieving quantified emission limitations through specific policies and measures to minimise the adverse effects of climate change. After UNFCCC registration, the company was expecting to generate carbon credits from the current fiscal. A Jai Balaji official said the company would get a maximum carbon credit benefit of 4,63,870 units over a period of 10 years. - PTI