Carbon Credit: Indian Economy Perspective

As nations have progressed we have been emitting carbon or gases which result in warming of the globe. So, countries came together and signed an agreement named the Kyoto Protocol. This Protocol emerged the concept of Carbon Credit, and it is now turning into a product that helps people, countries, consultants, traders, corporations and even farmers earn billions of rupees. Indian Economy is developing economy. While adopting the Kyoto Protocol, Indian Economy decided certain focused area. This paper tries to analyses the effects on Indian economy and opportunities and threats for Indian economy after adopting Clean Development Mechanism. The paper is also going to cover the Gujarat contribution among the different states in India.