Energy Sector and Carbon Trading in the Future: A Reference to India
Monu Bhardwaj, Namrata Prakash, Rupa Khanna Malhotra
Abstract
Environmentalists are experiencing an increasing sense of concern on the subject of global warming, which is also forcing them to suffer financial losses at this time. Those environmentalists who are dedicated to the cause of conserving the environment try to promote legislation and businesses that might be of aid in this endeavor. As a result of this, there is now the possibility to trade carbon credits both inside and external of the measured zone, so achieving the establishment of a "carbon market" on a worldwide scale. As a consequence of the Kyoto Protocol, greenhouse gas (GHG) emissions are subject to restrictions, and the pre-determined emission limits are then distributed among the nation's several states. After that point, these nations will be required to exercise control over the emissions of greenhouse gases that are generated by the many business units and industrial facilities that are situated inside their borders. With a special focus on the potential to create the emissions market within the context of India, the objective of this article is to study the carbon market on a global scale. Specifically, the purpose of this essay is to investigate the carbon market.