Volume : II, Issue : VIII, August - 2013

Study the Growth & Trend of Carbon Market in India

Dr. Ashwin Modi, Mr. Nimesh Bhojak

Abstract :

Although India is the second largest generator of environment–friendly projects, domestic firms, public and private, are shying away from maximizing the monetary benefits derived from such carbon emission reductions. The country, which is second only to China in terms of generating of carbon credits through the introduction of low polluting technologies, ranks very low when it comes to encashing of these credits through carbon trading. Over 90 per cent of such credits generated are being held back by Indian firms, amid growing uncertainties in the global carbon trade market. As a result, there is a great opportunity awaiting India in carbon credit trading which is estimated to go up to $100 billion by 2010. In the new regime, the country could emerge as one of the largest beneficiaries accounting for 25 per cent of the total world carbon trade, says a recent World Bank report. So, in this paper we have reviewed and put forward the concept and the growth and trend in adoption of Carbon Market in India

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Article: Download PDF    DOI : https://www.doi.org/10.36106/gjra  

Cite This Article:

Dr. Ashwin Modi, Mr. Nimesh Bhojak / Study the Growth & Trend of Carbon Market in India / Global Journal For Research Analysis, Vol:2, Issue:8 August 2013

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