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China tops World Bank index

A new carbon-efficient index released by the World Bank rates China the best and India the fifth-best nation to invest in among 21 developing nations, reports Chetan Chauhan. See graphics

world Updated: Dec 11, 2009 01:44 IST
Chetan Chauhan

A new carbon-efficient index released by the World Bank rates China the best and India the fifth-best nation to invest in among 21 developing nations.

Prepared by consultancy firm Standard & Poor’s (S&P), the index rates companies and countries on carbon emissions in relation to returns for investments in the next decade.

Based on the performance of 800 companies with relation to carbon emissions , China got the top ranking with 17 percent weightage, followed by Brazil with 15.9 and South Korea with 13.4. Taiwan was at fourth place with 12.3 and India fifth with 8.5 weightage. The Czech Republic and Hungary were at the bottom of the heap with 0.4 per cent weightage.

“The companies with lesser carbon foot print will bring better returns on investments in the next 20-30 years,” said Rachel Kyte, vice-president of International Finance Division, a member of the World Bank group.

In the present rating, no Indian company has been rated in the top 10.

Samsung Electronics of South Korea has got the top rating. China has three companies — China Mobile, Commercial Bank of China and China Life Insurance Corporation – among the top ten.