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Analysis: India plant's carbon status denial upsets investors

Thu, 08/12/2010 - 3:25am
Reuters

NEW DELHI/SINGAPORE (Reuters) - A U.N. carbon credit scheme's rejection of a huge Indian coal power plant deprives the project of revenue running into hundreds of millions of euros and rings alarm bells for investors developing similar plants.

The incident spotlights a controversial U.N. process that allows valuable carbon offsets to be given to highly efficient coal power stations, a step green groups say erodes the spirit of trying to wean developing nations off polluting fossil fuels.

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