Date:05/05/2006 URL: http://www.thehindu.com/2006/05/05/stories/2006050505651704.htm

Business - Briefly

`Carbon slide will not halt projects'

LONDON: Solar, wind and other green energy projects based in developing countries and funded under the Kyoto Protocol will survive the plunge in the European carbon market, which underpins project investment, the UN says. A 65 per cent collapse in European carbon prices in the past two weeks has slashed the cost to European industry of buying pollution permits, or carbon credits.