LOCAL companies which want to get carbon credits from their businesses yet face financial obstacles can now get a booster shot from the government.

The National Environmental Agency (NEA) announced on Thursday a new $500,000 grant which will provide funding of up to half the cost of a carbon credit project, capped at $100,000.

These ventures, known as Clean Development Mechanism (CDM) projects, are regulated and approved by the United Nations (UN) under the Kyoto Protocol.