Please use this identifier to cite or link to this item: https://ir.iimcal.ac.in:8443/jspui/handle/123456789/4890
Title: Carbon Pricing and Carbon Markets
Authors: Majmudar, Utkarsh
Keywords: Greenhouse gas (GHG)
Climate change
Carbon
CO2
Issue Date: Jun-2024
Publisher: The Financial Research and Trading Laboratory (FRTL), IIM Calcutta
Abstract: The high levels of greenhouse gases in the atmosphere have led to climate change. While many attempts were made to achieve a global consensus (Rio Summit, Kyoto Protocol, etc.), the breakthrough came with the Paris Agreement in 2015, where countries agreed to limit temperature change to 1.5 degrees Celsius above the preindustrial era. A key ingredient to achieving the target is to reduce greenhouse gas emissions. There are many ways to achieve this reduction. One is eliminating GHG emissions by shifting from fossil fuel to renewable energy. Another is to use technology to reduce GHG emissions. Governments are using economic intervention such as carbon pricing to move companies to adopt either of the two approaches. In this article I explore the role of externalities in carbon pricing, mechanisms of estimating a carbon price, the carbon markets and its components and the benefits of carbon pricing.
Description: Biosketch: Utkarsh Majmudar is a professional with over two decades of experience encompassing teaching, research and administration at premier business schools in India (IIM Bangalore, IIM Lucknow, IIM Udaipur etc.) and working with large corporations in India at GE Capital, iGATE and HSBC. Apart from finance, he has done significant work in the area of sustainability – conducting an annual study of the performance of companies on corporate responsibility, working with large companies, publishing cases on sustainability, and writing extensively on the theme. He has co-authored two books. The second book, Shift: Decisions for a Net Zero World, was released recently. Utkarsh is a member of the Board of Governors at IIM Raipur. He is also on the editorial board of A₹tha.
URI: https://ir.iimcal.ac.in:8443/jspui/handle/123456789/4890
Appears in Collections:Issue 1, June 2024

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