Assistant Professor, Department of Economics, Shaheed Bhagat Singh College (Eve.), University of Delhi
Online published on 15 February, 2014.
India is one of the leading generators of CERs through CDM and has a large scope in emissions trading. Its 2008 National Action Plan on Climate Change (NAPCC) specifies eight national missions for 2017 that centre on improving: energy efficiency, solar technology, sustainable habitats, water, Himalayan ecosystems, “green India”, agriculture, and strategic knowledge. The paper attempts to study the possibility of existence of a extensive carbon market in India. It further cites examples of the European Union Emission Trading Scheme, carbon markets and trading schemes in China and Japan to analyse the possible measures for the strong establishment of the market and possibility of its success and expansions.
Carbon Markets, Carbon Trading, European Union Emission Trading Scheme, China Carbon Emission Exchange, Emission Trading Programme by Japanese Ministry Of Environment
