Indian CDM market on shaky ground
India’s position as one of the leading markets for Clean Development Mechanism (CDM) projects is currently on shaky ground, say market experts.
Both the lack of clarity to emerge from global climate change talks in Copenhagen last year and the increasing attractiveness of domestic government incentive schemes are deterring investment in CDM in India.
According to Axel Michaelowa, senior founding partner at Germany and Switzerland based CDM consultancy Perspectives, the amount of new CDM projects emerging in India will decrease sharply as a consequence. “I would expect a considerable decrease in projects because investors will become
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