HOW CARBON PROJECTS CAN ADD TO SUSTAINABLE DEVELOPMENT GOALS OF INDIA’, AN ASSOCIATIVE STUDY OF CDM PROJECTS

Avani Raval, Swati Saxena and Shashank Thanki ()
Additional contact information
Shashank Thanki: Nirma University

Copernican Journal of Finance & Accounting, 2021, vol. 10, issue 4, 117-137

Abstract: Growing concerns of climate change have necessitated a re-examination of business activities and their viability, not only from a financial viewpoint but also social as well as environmental dimension, popularly known as the ‘Triple Bottom Line approach’. The paper is an attempt to bring around the focus on Clean Development projects that deal with carbon credit in India. The sector is a niche in its numbers but huge in potential. This study mainly examines the CDM project risk associated with carbon credit in the organizations from energy sector that had registered and implemented CDM projects in Gujarat. The analysis is based on purposive data collected for larg-scale CDM projects. Statistical analysis was done through non-parametric tests named descriptive analysis, Spearman correlation analysis, and Mann-Whitney U test applied. Analysis of the result reveals that all the enlisted risk has a high degree of association with large scale projects. Correlation results indicated that all kinds of carbon risks have a meaningful positive relationship with each other irrespective of the phase of the CDM project. Type of organizations (public/private sector) also creates differences in CDM project risks. The findings of the research will assist managers in decision-making about carbon emission project risks.

Keywords: carbon credit risk; energy sector; clean development mechanism; sustainable development goals; India (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations:

Downloads: (external link)
https://apcz.umk.pl/CJFA/article/view/37580/31720 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cpn:umkcjf:v:10:y:2021:i:4:p:117-137

Access Statistics for this article

Copernican Journal of Finance & Accounting is currently edited by Leszek Dziawgo

More articles in Copernican Journal of Finance & Accounting from Uniwersytet Mikolaja Kopernika
Bibliographic data for series maintained by Miroslawa Buczynska ().