ISSN (print) - 0131-7652

ISSN (online) - 2686-7605

Vol. 55 No. 1 (2025)
Cover story: Climate and economics – can’t sell / buy?

Development of Carbon Markets in India

Requires Subscription or Fee PDF (Русский) (RUB 100)
  • M.V. Sinitsyn
M.V. Sinitsyn
Primakov National Research Institute of World Economy and International Relations RAS
DOI: https://doi.org/10.30680/ECO0131-7652-2025-1-45-54

Published 2025-01-30

Keywords

  • carbon markets; carbon fee; cross-border carbon regulation; India

How to Cite

1.
Sinitsyn М. Development of Carbon Markets in India. ECO [Internet]. 2025 Jan. 30 [cited 2025 Jan. 31];55(1):45-54. Available from: https://ecotrends.ru/index.php/eco/article/view/4816

Abstract

India has made significant commitments to reduce greenhouse gas emissions under the Paris Agreement and has the second largest voluntary carbon market. The paper demonstrates that these commitments cannot be met without significant acceleration of renewable energy development and rapid decarbonization of the economy while imposing a carbon tax on fossil fuels. However, this scenario contradicts the objectives of stimulating economic growth and poverty alleviation, and thus is unlikely. The Indian government is committed to establishing a national carbon market with low prices and oversupply, which will be recognized by the EU, in order to reduce the CBAM charge to national companies. In addition, a channel for technology transfer and raising foreign investment will be created.
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