Paper Title
A Study on Carbon Credits and Carbon Market as a Tool to Reduce Global Carbon Emissions
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: Authors
Keywords
Carbon credits, carbon trading, Governmental measures
Abstract
One of the most significant issues facing humanity in the twenty-first century is acknowledged to be climate change. The phenomenon known as the greenhouse effect, which keeps the earth's average temperature at 15°C and permits life to survive, is the cause of the climate change issue. The Kyoto Protocol, which put forth the idea of carbon credits and a carbon market, was ratified in 1997 in an effort to reduce greenhouse gas emissions worldwide and combat climate change. The process by which nations or parties that release more greenhouse gases pay one another is known as carbon credit. Depending on a number of variables, these carbon credits can be purchased or sold on global markets at a certain market price. In order to promote more sustainable and environmentally friendly activities in terms of global GHG emissions, this led to the creation of the international carbon market, where parties trade carbon. This study studies the Indian Carbon market and Carbon credits used for trading as well as the several initiatives undertaken by Government of India to promote carbon credits and contribute to reduce global carbon emissions.
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How To Cite (APA)
Dr. Gayatri Agarwal & Dr. Susan Alex (December-2024). A Study on Carbon Credits and Carbon Market as a Tool to Reduce Global Carbon Emissions. INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT, 9(12), a593-a596. https://ijnrd.org/papers/IJNRD2412060.pdf
Issue
Volume 9 Issue 12, December-2024
Pages : a593-a596
Other Publication Details
Paper Reg. ID: IJNRD_302391
Published Paper Id: IJNRD2412060
Downloads: 000121998
Research Area: Science and Technology
Author Type: Indian Author
Country: -, -, India
Published Paper PDF: https://ijnrd.org/papers/IJNRD2412060.pdf
Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2412060
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