‘If you are not sustainable both financially and ecologically, you don’t have a good business model’

Jamshyd N Godrej is probably the most famous Indian businessman with wildlife interests. The chairman of Godrej &0 Boyce Manufacturing is also a trustee of WWF- India. Besides, he is also chairman of the CII-Sohrabji Godrej Green Business Centre, Indias first green building. In an exclusive interview with FEs Rajiv Tikoo, he talks about his passion for wildlife, its implications and relation with climate change. Excerpts:

Global CDM market is all set to double in 2010, says new study

The global Clean Development Mechanism (CDM) is set to look up. The Certified Emission Reduction (CERs) credits issued under CDM would double by 2010, says new research by IDEAcarbon, a carbon rating agency. CERs are issued by the United Nations Framework Convention on Climate Change (UNFCCC) to projects in developing counties for reducing the emission of planet warming greenhouse gases (GHG). Reduction of one tonne of carbon dioxide per year earns one CER.