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Monday, February 05, 2007
IIM-L course on carbon markets
Profitable businesses and responsible environmental policies may not have gone hand-in-hand till now. All this may well be changing. Young MBAs are now getting a shot at making 'green' money.
Corporate environment management and study on carbon markets are now finding their way into MBA coursebooks. The Indian Institute of Management, Lucknow (IIM-L ), has started a course that seeks to provide students with an understanding of changing relationship between business and environmental management.
With big names like Reliance , Tata Steel, Jindal Steel and Power set to enter the carbon market, the course is expected to equip future managers with the fundamentals on the intricacies of these markets and their potential.
'' The new course will involve some 15 hours of teaching . According to analysts, India can generate 248 million tonnes of carbon dioxide equivalent or certified emission reduction (CER) units per year, including 78 million tonnes from land-use and plantation projects. India can annually make around $2,000 million in the clean development mechanism (CDM) projects , and currently accounts for just 13.72% of the global CDM market.
There is a tremendous potential for companies to grow in this segment and, therefore, it's essential that future managers are made aware of this," said professor Sushil Kumar, professor of agri-business and course pioneer.
'' I have had discussions with companies like Tata Steel, and these corporates have shown an interest in a course for managers on carbon markets. They feel there is a need for future managers to be aware of carbon markets and environmental issues ,"he added.
Apart from a study on carbon markets, the course will also focus on how businesses can move beyond an approach that seeks just to minimise environmental impacts, to strategies that seek to proactively manage various enviromental issues. Students will also be given an opportunity to gain an understanding of the importance of socially responsible strategies
Corporate environment management and study on carbon markets are now finding their way into MBA coursebooks. The Indian Institute of Management, Lucknow (IIM-L ), has started a course that seeks to provide students with an understanding of changing relationship between business and environmental management.
With big names like Reliance , Tata Steel, Jindal Steel and Power set to enter the carbon market, the course is expected to equip future managers with the fundamentals on the intricacies of these markets and their potential.
'' The new course will involve some 15 hours of teaching . According to analysts, India can generate 248 million tonnes of carbon dioxide equivalent or certified emission reduction (CER) units per year, including 78 million tonnes from land-use and plantation projects. India can annually make around $2,000 million in the clean development mechanism (CDM) projects , and currently accounts for just 13.72% of the global CDM market.
There is a tremendous potential for companies to grow in this segment and, therefore, it's essential that future managers are made aware of this," said professor Sushil Kumar, professor of agri-business and course pioneer.
'' I have had discussions with companies like Tata Steel, and these corporates have shown an interest in a course for managers on carbon markets. They feel there is a need for future managers to be aware of carbon markets and environmental issues ,"he added.
Apart from a study on carbon markets, the course will also focus on how businesses can move beyond an approach that seeks just to minimise environmental impacts, to strategies that seek to proactively manage various enviromental issues. Students will also be given an opportunity to gain an understanding of the importance of socially responsible strategies
