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Carbon credits for India coal power plant stoke criticism

Tue, 07/12/2011 - 3:27am
Reuters

SINGAPORE (Reuters) - Environmentalists criticized the United Nations on Tuesday after it ruled that a large Indian coal-fired power project is eligible to earn carbon credits worth $165 million at current prices.

Several green organizations said the U.N. rules, or methodology, applied to the 4,000 MW supercritical plant owned by Reliance Power were flawed and that the project was viable without the sweeteners of tradable carbon credits called certified emissions reductions (CERs).

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