Management on Carbon Trading & Related Environmental Issues

Climate is changing very rapidly and is causing a rapid increase in global warming which requires spending of a lot of money to find its solution. It has nowadays become a major agenda in all the developed and developing countries. India stands in the second largest position in population, fourth largest in energy consumption and third largest in GHG production due to large pollution caused by coal-fire power generation techniques in power plants. So as to eradicate this problem carbon emissions must be controlled and for this carbon emissions trading is being introduced all over the world by Kyoto Protocol in 1997. Under this form of trading, basically the target implies to reduce carbon emissions under which the specific limit is given by Kyoto Protocol for a permissible amount of carbon emissions, up-to which a country can emit carbon. Under carbon trading, a country having more emissions is able to purchase the right to emit more, if required from a country which emits less under specified limits. So it is the greatest opportunity for Indian economy to reduce carbon emission and hence could be represented as biggest carbon credit producers globally. Among all developed nations of the world carbon emission in India is very low. The paper shall discuss about basic concepts related to carbon credit which is being used as a key to save environment and study various business opportunities for developing as well as developed nation and also emphasized on various practices being adopted globally to reduce the GHG emissions. So by this way we try to maintain the carbon emissions balance globally.