‘China getting the better of India in carbon credit trading’ (The Hindu)

“Buyer countries prefer China because of the efficient risk management and fast conclusion of deals at larger volumes and comfortable prices.” China is getting the better of India as far as trading in carbon credits is concerned, say experts.

INDUSTRY & ECONOMY (The Hindu)

ECONOMY Indian crude basket set to soar New Delhi, June 7 The Indian crude basket, which closed marginally down at $119.81 a barrel on Thursday, is estimated to scale new heights in tandem with the surge in international crude prices on Friday.India’s crude oil basket …

Green setback (Financial Times)

Democrats failed to win sufficient support among Republicans and suffered defections within their party. The bill’s chances of passage had been slim. Even if Congress had approved it, President George W. Bush had vowed to use a veto.