A study on emissions trading and scope in India

Abstract

The increasing concern about climate and its effects has prompted countries to think of effective ways to reduce CO2 emissions .The Kyoto protocol has enabled the creation of carbon credits or emissions credits as an instrument that can be traded, and emission reduction targets can be achieved. This report studies the various mechanisms under the Kyoto protocol, with an emphasis on the Clean Development Mechanism (CDM). It focuses on the market developments the world over with the launch of exchanges, products and funds. It identifies the variables that affect the demand and supply conditions in this market, and the various risks associated with carbon products .The reports also mentions the implications of this new regime on the Banking Sector- Why they should be concerned, the Threats they face and the opportunities that lie ahead.