DECENTRALIZED CARBON MARKETS IN INDIA: TRADE, POLICY AND BUSINESS OPPORTUNITIES

Garv Nijhara, Renu Verma, Twinkle Bansal and Divya Jyoti

MPRA Paper from University Library of Munich, Germany

Abstract: Decentralized Carbon Markets in India is a forward-looking and research-driven work that explores the emerging landscape of carbon trading through decentralized frameworks, particularly within the Indian context. As global climate commitments intensify and nations move toward achieving targets under the Paris Agreement, this book critically examines how decentralized mechanisms—powered by blockchain technology, digital MRV (Monitoring, Reporting, and Verification) systems, and community-driven carbon initiatives—can reshape India’s carbon economy. The book provides a comprehensive analysis of India’s evolving carbon market structure, including compliance and voluntary markets, while highlighting the limitations of centralized systems such as lack of transparency, inefficiencies, and limited accessibility for small stakeholders. It introduces the concept of decentralized carbon markets as a transformative solution that enhances transparency, traceability, and inclusivity—particularly for rural communities, farmers, and MSMEs. Through theoretical insights, policy analysis, and real-world case discussions, the book bridges the gap between environmental economics, climate policy, and financial innovation. It also evaluates the role of government initiatives, private sector participation, and international collaborations in fostering a robust decentralized carbon ecosystem in India. Importantly, this book lays the foundation for understanding how India can leverage decentralized carbon markets not only to meet its climate goals but also to generate sustainable economic opportunities at the grassroots level.

Keywords: Decentralized; Carbon; Markets; Carbon; Markets; in; India; Carbon; Trading; Systems; Carbon; Credits; Carbon; Pricing; Carbon; Finance; Climate; Policy; Sustainable; Development; Environmental; Economics; Carbon; Economy (search for similar items in EconPapers)
JEL-codes: Q50 Q51 (search for similar items in EconPapers)
Date: 2025-09, Revised 2026-04
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