CO2 mitigation policy for Indian thermal power sector: Potential gains from emission trading

Surender Kumar, Shunsuke Managi and Rakesh Kumar Jain

Energy Economics, 2020, vol. 86, issue C

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% 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.

Keywords: CO2 emission trading; India; Technical efficiency (search for similar items in EconPapers)
JEL-codes: O13 Q54 Q56 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

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Working Paper: CO2 Mitigation Policy for Indian Thermal Power Sector-Potential Gains from Emission Trading (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:eneeco:v:86:y:2020:i:c:s0140988319304505

DOI: 10.1016/j.eneco.2019.104653

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