The Minister released a discussion paper on an emissions trading scheme for air pollutants in India. The paper has been prepared by experts from J-PAL, MIT and Harvard University at the request of the Ministry. This paper connects experience with emissions
trading, from programs like the U.S. Rain program, to lessons for implementation of a Trading Pilot Scheme in India.
New Delhi: The finance ministry has mined data of Indian companies that have not been paying tax on the income earned by selling their carbon credits or certified emission reductions (CER).
Though the Doha Round of global trade talks is unlikely to be over this year, leading developing countries like India, China and Brazil are apprehensive of the renewed emphasis on environment and climate change issues in the form of carbon cap-and-trade system and border tax adjustments measures on imports.
As cap and trade falls short of its goal of reducing greenhouse-gas emissions.
Two disparate groups, one representing businesses and one regulators, plan to propose new steps this week to revive Europe's carbon-trading market, a system that even supporters admit has fallen short of its goal of reducing greenhouse-gas emissions.
The recently introduced climate Bill in the US, which seeks to curb emissions by setting up a cap-and-trade mechanism, if passed, will strengthen the post-2012 carbon trade and could open up a new market for the Indian clean development mechanism (CDM) project developers.
This recent study analyses the economic and political consequences of introducing a tax on the carbon content of imported goods at EU borders and whether such a tax would be compatible with WTO rules.
A new analysis of perceptions and opinions of offset buyers towards forestry as an option for corporate offsetting. It finds that there has been less interest in forest carbon offsets from India and China despite the large potential for afforestation and reforestation activities in these countries.
There are clear signs that China feels challenged to take a quantitative emission cap in a post-Kyoto world and expects developed nations to lead on emission reduction, a view that was clearly expressed by Chinese authorities in Copenhagen. However, we think China carries part of the responsibility of global climate change and is capable to offer more.
