EKI Energy Shares Slump Over 17% On Carbon Credit Export Ban

Shares of EKI Energy Services Ltd. slumped more than 17%, the most in nearly three months, after India said it would ban carbon credit exports until the country’s own climate goals are met.There will be no exports of carbon credits until India’s commitment of reduction of 45% emission intensity of GDP is met, Renewable Energy Minister RK Singh has said.According to Manish Dabkara, chief executive officer at EKI Energy, however, the c…