IM Lucknow set to start course on carbon markets

The Indian Institute of Management, Lucknow (IIM-L), is set to introduce a course on carbon markets in July even as the Multi-Commodity Exchange (MCX) and the National Commodity Exchange (NCDEX), India’s premier commodity exchanges, are readying for carbon trading. The school plans to offer the course first to students studying agri-business management.This will be the first attempt by any business school in India to educate its students on such subjects.The Kyoto Protocol to the United Nations Framework Convention on Climate Change assigns targets for the reduction of greenhouse gas emissions to the signatory nations. On an average, countries have to reduce their emissions 5.2% below their 1990 baseline over the next four years between 2008 and 2012.