Carbon Credit Management in India
CARBON CREDIT MANAGEMENT IN INDIA
ABSTRACT
The phenomenon of change in atmospheric conditions due to air polluting gases is called as global warming. Carbon-dioxide is one of the Green House Gases causing global warming. Green House Gases also includes some other gases like methane, hydrofluoric carbon etc. Since 19th century’s industrial revolution till today emission of
Green House Gases into the environment has increased tremendously due to the impact of intense industrialization. Currently it is the biggest challenge to all the effect on the environment.
One of the solution for this problem is trading of carbon credits both within and outside the regulated areas. Under this system, certain norms regarding emission of
Green House Gases are implemented on various commercial units. Today possibility of getting environment polluted has been deducted. This study reveals various potential of business opportunities in carbon credit market in India.
Keywords: Kyoto Protocol, Clean Development Mechanism (CDM), Green House
Effect.
___________________________________________________________________
INTRODUCTION
Since 19th century till present, world climate have undergone a tremendous change, thanks to the effects of industrial revolution. Significant increase in industrial activities has impacted the atmosphere in which we live. Climatologists, researches draw our attention to the release of harmful poisonous greenhouse gases at alarming rate such that droughts, inundations, tsunamis, forest fires becoming now more frequent. Mankind possesses one of the greater challenges to globalization era to curtail emissions actually to save his existence on earth. The primary human source of carbon dioxide (CO2) in the atmosphere is from the burning of fossil fuels for energy production and transport. Changes in land use and deforestation also contribute significantly, trees, for example, are natural ‘carbon sinks’ they absorb carbon dioxide while alive
ABSTRACT
The phenomenon of change in atmospheric conditions due to air polluting gases is called as global warming. Carbon-dioxide is one of the Green House Gases causing global warming. Green House Gases also includes some other gases like methane, hydrofluoric carbon etc. Since 19th century’s industrial revolution till today emission of
Green House Gases into the environment has increased tremendously due to the impact of intense industrialization. Currently it is the biggest challenge to all the effect on the environment.
One of the solution for this problem is trading of carbon credits both within and outside the regulated areas. Under this system, certain norms regarding emission of
Green House Gases are implemented on various commercial units. Today possibility of getting environment polluted has been deducted. This study reveals various potential of business opportunities in carbon credit market in India.
Keywords: Kyoto Protocol, Clean Development Mechanism (CDM), Green House
Effect.
___________________________________________________________________
INTRODUCTION
Since 19th century till present, world climate have undergone a tremendous change, thanks to the effects of industrial revolution. Significant increase in industrial activities has impacted the atmosphere in which we live. Climatologists, researches draw our attention to the release of harmful poisonous greenhouse gases at alarming rate such that droughts, inundations, tsunamis, forest fires becoming now more frequent. Mankind possesses one of the greater challenges to globalization era to curtail emissions actually to save his existence on earth. The primary human source of carbon dioxide (CO2) in the atmosphere is from the burning of fossil fuels for energy production and transport. Changes in land use and deforestation also contribute significantly, trees, for example, are natural ‘carbon sinks’ they absorb carbon dioxide while alive