News > Mumbai: Electric fleet will earn carbon credits worth Rs 5K cr, says BEST
Mumbai: Electric fleet will earn carbon credits worth Rs 5K cr, says BEST
06/12/2022 06:11 PM | Click to read full article
The BEST expects to earn carbon credits worth Rs 5,000 crore once its fleet of 10,000 electric buses hit the streets of Mumbai. The Clean Development Mechanism, a United Nations-run carbon offset scheme, allows projects that create low pollution in developing countries to earn certified emission reduction credits, which can be sold to industrial countries which need to meet their emission reduction targets under the Kyoto Protocol.
