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Is emission trading a possible policy option for India?

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  • PRABHAT UPADHYAYA

Abstract

Domestic actions on climate mitigation are important for countries to undertake in addition to engaging in the international negotiations. An emissions trading scheme (ETS) can be one of the policy tools to promote mitigation actions, but has not yet been implemented in any developing country. An overview is provided of the climate change debate in India, its carbon markets, and proposed government action to tackle climate change. The possibility of implementing an ETS in India is explored from political and institutional perspectives. In particular, an ETS is considered in relation to the existing carbon market in India, particularly the Clean Development Mechanism (CDM), the proposed 'Perform, Achieve and Trade' (PAT) scheme and possible Nationally Appropriate Mitigation Actions (NAMAs). Three key design aspects that would be central to the implementation of ETS in India are: point of regulation, GHG emission sources, and choice of allocation method. Their relevance in Indian context and the challenges that the ETS will face in the future are examined, if ETS were to be considered as a possible policy option. Based on this analysis, it is argued that an ETS is not viable for India in the immediate future.

Suggested Citation

  • Prabhat Upadhyaya, 2010. "Is emission trading a possible policy option for India?," Climate Policy, Taylor & Francis Journals, vol. 10(5), pages 560-574, September.
    • Handle: RePEc:taf:tcpoxx:v:10:y:2010:i:5:p:560-574
    DOI: 10.3763/cpol.2010.0105
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    Cited by:

    1. Katharina Rietig, 2014. "Reinforcement of multilevel governance dynamics: creating momentum for increasing ambitions in international climate negotiations," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 14(4), pages 371-389, November.
    2. Sahoo, Nihar R. & Mohapatra, Pratap K.J. & Sahoo, Biresh K. & Mahanty, Biswajit, 2017. "Rationality of energy efficiency improvement targets under the PAT scheme in India – A case of thermal power plants," Energy Economics, Elsevier, vol. 66(C), pages 279-289.
    3. Pal, Kalyani & Mukhopadhyay, Jyoti Prasad & Bhagawan, Praveen, 2024. "Does cap-and-trade scheme impact energy efficiency and firm value? Empirical evidence from India," Energy Economics, Elsevier, vol. 134(C).

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