Carbon credits are a key component of national and international emissions trading schemes that have been implemented to mitigate global warming. They provide a way to reduce greenhouse effect emissions on an industrial scale by capping total annual emissions and letting the market assign a monetary value to any shortfall through trading. Credits can be exchanged between businesses or bought and sold in international markets at the prevailing market price. India and China are likely to emerge as the biggest sellers and Europe is going to be the biggest buyers of carbon credits. In 2007 global carbon credit trading was estimated at $5 billion, with India's contribution at around $1 billion. India is one of the countries that have 'credits' for emitting less carbon. India and China have surplus credit to offer to countries that have a deficit.
Per a November 2007 report, India is the global market leader having already generated 29 million carbon credits with another 139 million in the pipeline for sale.
In the light of the above, GKM offers the following services:
Registration with UNFCCC
Trading on CER & VER
Advisory on carbon credit – availability and utilization