Carbon Trading Practices in India - A Conceptual Study

Speeding up the use of climate mitigation technologies is crucial if efforts are made to curb climate change especially in developing countries where environmental impact, economic growth, market management, revenue management, and stakeholder participation in climate change is low. Several intergovernmental agencies have developed unique programs in support of Climate change mission. This article focuses on the structure and regulation of Sustainable Low Carbon Markets (SLC), as stated by governments in their National Sustainable Development Goal (SDG) taking into account the goals and principle of UNFCCC and how this enables or limits the transition of priority low-carbon technologies to these markets. The Indian commodity market, conventional energy and renewable energy hold considerable promise role to address issues of jurisdiction and market participation will remain crucial, to find market mechanisms to achieve strategic clean energy goals in the country so that our commodity markets can effectively fulfill their risk mitigation role in this important sector of the economy.