From the Times of India:
Indian companies implementing clean development mechanism (CDM) projects to earn carbon credits have till now been conservative about entering the forward market to sell the credits.
The forward market was thus practically non existent. However, a fresh beginning is being made by certain companies entering into forward contracts to sell carbon credits.
According to carbon market consultants, the price in the forward market ranges between Euro 10 to Euro 14, depending on the nature of the project and as to whether it is registered with the UNFCCC (United Nations Framework Convention on Climate Change) or is in the process of being registered. The price in the forward market is lower than the prevailing prices at which carbon credits are being sold, i.e. around Euro 17....MORE
