A time to trade?

The Indian carbon credit dilemna is well known to international buyers of certified emission reduction credits (CERs). India generates more than one third of clean development mechanism (CDM) projects and CERs, yet Indian CERs can be hard to come by. The large Indian firms that generate the majority of CERs are notorious hoarders and tough price negotiators.

Further contributing to a shrinking pool of CERs is uncertainty regarding the post-2012 carbon-trading regime. However, the demand-supply eq