Isramart : Carbon credits: Punjab plans to set up consultancy

Isramart news:
Despite the Copenhagen chill, there are heart-warming tidings for the Punjab industrialists running green projects or planning to set up one. The state government plans to start a consultancy to offer services on no-profit-no-loss basis to companies intending to gain from carbon credits.

Executive Director of the Punjab State Council for Science and Technology (PSCST) Dr Neelima Jerath says to become eligible for carbon credits, a company has to go through multiple steps, the most important being preparation of project design document (PDD).

The process of getting registered for carbon credits is expensive, but the state government consultancy would charge much less than the private counterparts to attract industrialists towards energy-efficient methods. Asserting that they would keep special focus on small-scale industry, Dr Jerath says, “If project document is impressive, half the battle is won.”