Impact of global recession on carbon credits with special reference to India

A. Kotishwar

International Journal of Business and Globalisation, 2024, vol. 38, issue 1, 114-135

Abstract: The present study emphasised the effect of the global recession on carbon credits. The study considered Indian carbon credits from NSE India for the full stop 2008-2009 to 2018-2019 years. The study looked at economic factors and sectors. The bivariate correlation was used to assess the relationship between carbon credits and the selected economic variables under the Kendal tau. The normal least square approach has been used to know the impact on carbon credits of the global financial crisis and the outcome has been shown to have a significant impact. The vector auto-regression was applied for future movements and the result showed that carbon credits are expected to move forward.

Keywords: carbon credits; gross domestic product; global recession; index of industrial production; Kyoto protocol; India. (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijbglo:v:38:y:2024:i:1:p:114-135

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