The economic impact of climate change includes effects on climate sensitive sectors like agriculture, forestry, fisheries, changes in water levels etc.; while the non market impact covers effects on health, leisure activities, ecosystems and human settlements. For the developing economies these impacts are extremely severe as majority of their population depends largely on the climate sensitive sectors. This results into unsustainable pathways to the development. Theoretically, climate itself is a public good and that too, a global public good. The costs of environmental damages are externalized on the whole world. So putting a price on GHG emissions is a way to internalize these costs. Therefore the logic behind the carbon markets is to commodify emissions and reduce them by putting a price through the mechanisms like Clean Development Mechanism under Kyoto Protocol. This book explores the official secondary as well as primary data and emphasizes the role of CDM in achieving sustainable development particularly for India which is the second leading country in CDM projects worldwide. This study is undertaken at national, regional and sample levels.
Dr. Manasi Gore is Ph. D in Economics. An academician and researcher in the field of Environmental Economics along with an extended experience of twenty three years of teaching. Contributed many articles in the news papers, journals and international conferences. Actively engaged in academic ventures along with a special interest in music.
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LAP LAMBERT Academic Publishing
Carbon trading, Sustainable development, India, clean development mechanism, environment protection, environmentalism, Climate change, Developing Economies, Environmental damage, GHG Emissions
BUSINESS & ECONOMICS / General