Key highlights from EKI Energy Q2FY23 concall
CMP - ₹1302
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CMP - ₹1302
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Companies can sell the carbon credits and plastic credits and receive money for the same. One carbon credit is 1 ton of CO2 or greenhouse emission gas reduction from the atmosphere
The company is looking to generate around 1 billion credits by the year 2027 out of which 200 million credits have been achieved till now
Under Kyoto protocol, developed nations should reduce their emissions and if they are unable to reduce they can buy carbon credits from developing countries like India and China
The company has two types of projects from which they earn carbon credits,
a) Community based projects
b) Nature based projects
Nature based projects take more time than Community based projects to produce carbon credits
a) Community based projects
b) Nature based projects
Nature based projects take more time than Community based projects to produce carbon credits
The price of carbon credit is stable and is expected to grow in the future, Currently the company gets between 3 to 3.25 dollars for a carbon credit
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