Carbon credit international market at their current market price"”. There are two main markets for carbon credits; Compliance Market credits Secondary / Verified Market credits (VERs) The burning of fossil fuels is a major source of greenhouse gas emissions, especially for power, cement, steel, textile, fertilizer and many other industries which rely on fossil fuels (coal, electricity derived from coal, natural gas and oil). The major greenhouse gases emitted by these industries are carbon dioxide, methane, nitrous oxide, hydrofluorocarbons (HFCs), etc., all of which increase the atmosphere's ability to trap infrared energy and thus affect the climate. The concept of carbon credits
Electricity sector in India 100 MMSCMD. The break even price for switching from imported coal to LNG in electricity generation is estimated near 6 US$/mmBtu. Indian government has taken steps to enhance the generation from the stranded gas based power plants for meeting peak load demand by waiving applicable import duties and taxes due to drastic fall in the LNG and crude oil international prices. Gasification of coal or lignite or pet coke or biomass, produces syngas or coal gas or wood gas which is a mixture of hydrogen, carbon monoxide and carbon dioxide gases. Coal gas can be converted into synthetic natural gas