policy framework for carbon trading

Financial Times Ltd.
(From Business Line)
Our Bureau
KOLKATA, Oct. 29.

THE Centre has decided to formulate a detailed policy framework for carbon trading by domestic companies with overseas organisations or foreign Governments and prepare guidelines for carbon audit.

Ms Leena Mehendale, Joint Secretary in the Union Ministry of Petroleum and Natural Gas, and also Executive Director of the Petroleum Conservation Research Association (PCRA), told Business Line here on Monday that an inter-ministerial committee had been established recently to formulate the proposed carbon trading policy framework. She said the Ministry of Science and Technology had been assigned the status of a nodal agency for the proposed carbon trading policy implementation.

The committee, which is working on the policy framework, has representation from the Ministries of Petroleum & Natural Gas, Industries, Science & Technology and Power. She said the team was expected to ready the policy framework within the next three months.