India has been ranked No.1 by a United Nations body for successfully adopting green technologies. This is a pointer to the fact how sensitive India is to environmental needs. The Point Carbon, a research body associated with U.N. after analyzing clean development mechanism projects of all developing countries found India's performance best in four of the five indicators- hydro-power, bio mass generation, thermal power, wind energy and landfill site management.

One carbon credit is equal to a tome of carbon saved from emission. To earn the credit, a organization has to register its green project with the Environment ministry. The ministry validates the project and sends it to UNFCCC for registration. The UN body evaluates the project and is it as per the norms it is registered. After implementation the organization can sell the credits in the internal markets. India has already received the credits worth $400-500 million.

Except for landfill site management, India's performance has been rated "very high". India's competitor in clean technologies China has been ranked second with a rating "high" followed by Brazil and Korea. India's clean development projects are higher in the world. The good news is that the time being taken for registration of the projects with United National Convention on Climate Change, the global body for certifying clean projects, is lowered for India at 15 months, followed by 17 months for China and Brazil. It is expected that the rich countries may ask the developing world to agree on emission cuts. India and China have opposed any move to the force developing countries to adopt emission cuts.

India now looks to strengthen its ties with China on clean technologies.