India’s ‘Huge’ Trade in Energy-Savings to Start by April 2012
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Trading in India in energy-savings credits is likely to start by April 2012 on the country’s power exchanges, creating a new environmental commodity worth as much as $3 billion a year in Asia’s second-biggest economy.
A program will launch this April that will assign targets to some of the nation’s most energy-intensive industries to reduce the amount of power they consume, Ajay Mathur, director of the Bureau of Energy Efficiency, told a press conference in New Delhi today.