Carbon trading scenario in India

Presence of Green House Gases in our environment is becoming serious issue these days. Not only developed country but also developing countries are working towards reducing gases in presence of environment. To deal with same Kyoto Protocol was signed among various Annex I, Annex II and Non Annex countries which aimed at reducing GHGs emission in the environment. A new method was devised to deal with gases reduction esp. for carbon dioxide which is called as carbon trading. Carbon trading helps countries which are not able to achieve emission targets helping both developing and non-developing countries. Our paper also shows the increasing pattern of carbon dioxide in the environment which is serious concern. This increase presence of GHGs is a serious concern for human life so the overall aim of carbon trading is achieve zero net increase in GHG emissions because each tone of increase in GHG is off setted by project which is based on GHG emissions leading to more ecological way of doing business thereby leading to sustainable environment.