http://timesofindia.indiatimes.com/Earth/Climate_change_big_business_opportunity/articleshow/3063542.cms

A group of experts who met in New Delhi concluded that climate change, even with its perils, would open opportunities for businesses in developing countries to make profits. The profits would come as a result of certified emission reduction (CER) sales.

Industrialized countries that have committed themselves to reducing their greenhouse gas emissions plan to achieve 25-30 per cent of their target by buying CERs from developing countries, according to YP Abbi, senior fellow at The Energy and Resources institute (TERI).

"This is a huge opportunity for Indian businesses," Abbi said at a seminar on the business of climate change organized  by TERI and Knight International Journalism Fellowships.

However, researches suggested CER supplies will depend on numerous external factors. For example, China's recent earthquake would reduce their CER supplies by up to five percent.

The Times Of India; May 22, 2008

Submitted by M. Lamarre