CO2 Mitigation Policy for Indian Thermal Power Sector-Potential Gains from Emission Trading

Surender Kumar, Shunsuke Managi and Rakesh Kumar Jain
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Rakesh Kumar Jain: Department of Business Economics South Campus, University of Delhi & Indian Railways, New Delhi India

No 302, Working papers from Centre for Development Economics, Delhi School of Economics

Abstract: This study shows potential cost savings by adoption of emission trading in India. At the Paris Agreement, India pledged to reduce CO2 emissions intensity by about 30-35 percent by 2030 relative to 2005. Applying joint production function of electricity and CO2 emissions, we find that India could have saved about US$ 5 to 8 billion, if she had constituted an emission trading system, with the provision of banking and borrowing over the study period of 5 years. To our knowledge, this is the first study measuring foregone gains due to absence of a nationwide carbon emission-trading program in coal fired thermal power sector, using an ex-post analysis.

JEL-codes: O13 Q54 Q56 (search for similar items in EconPapers)
Pages: 30 pages
Date: 2019-12
New Economics Papers: this item is included in nep-ene, nep-env and nep-reg
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Journal Article: CO2 mitigation policy for Indian thermal power sector: Potential gains from emission trading (2020)
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