Leveraging Carbon Markets for Cost-Efficient Emissions Reductions in India: Practical Recommendations for the Design and Implementation of an Effective Carbon Market

Abstract

A well-designed and well-integrated carbon market can reduce emissions reduction costs for the industry and help India meet its climate goals along with its economic aspirations. This report provides practical design and implementation recommendations for an effective carbon market in India, bringing together learnings from international carbon markets, India’s experience with market-based mechanisms over the two decades, and insights and industry feedback from a carbon market simulation.