Gujarat Flourochemicals has been awarded carbon credits for the first time since the United Nations concluded a probe into projects claiming emission reductions of industrial gases.

The UN Clean Development Mechanism said on its that it awarded 2.4mn credits to the company for preventing its plant in Ranjitnagar in Gujarat state from venting hydrofluorocarbon-23, or HFC-23, a by-product of refrigerant production and potent greenhouse gas, into the air, said a financial daily.

The issuance ended an 11-month period in which Gujarat Flourochemicals didn?t receive any new credits amid a UN review of HFC projects after environmental group CDM Watch said some companies may be increasing HCFC-22 output simply to generate credits.

Such credits are bought by companies and nations to comply with limits on emissions of greenhouse gases, adds report.