Dear Mr Arora
Whatever little knowledge i gathered from experts and my professors i think it can be summarized as
1). Since the CDM is a billion dollar industry it won't die in near future. The only concern is how much support it gets from developed nations. We all know majors like America and Australia still don't accept it legally.
2).It is expiring in 2012 so the period around 2012-2013/14 may be a little slower as the new framework will be in place and policies would be decided but with time it will catch up as usual. There are also chances that the same framework gets extended with little modification.
If you look at year 2003 when the Electricity Act 2003 came , investment in almost all electricity related projects fell sharply but with policies in place it again catch up from 2004 onwards.
3). India will always remain an attractive market
4). Europe is one of the best Carbon Markets studies suggest
You just have keep an eye on the policies and development in this field.
No, time is a bad time actually, its just matter of time, luck and chance.
Happy Investment
Thanks and Regards--
Ahmad Mohd Khalid,
Student, M.Tech (REEM)
Department of Energy and Environment
TERI University
New Delhi