NATIONAL CARBON-CREDIT COOPERATIVE-BANK (NCCB) FOR INDIAN GREEN- ECONOMY
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2015
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| author | Mohapatra, Rudranarayan |
| author_facet | Mohapatra, Rudranarayan |
| contents | <p>Carbon markets have been a key driver of channelling finance and investment to projects to reduce greenhouse gas emissions in developing countries like India since the Kyoto Protocol came into effect. And the carbon credits contribute to meeting the incremental costs of green investments to become a key component of the IFC climate business strategy. The weaknesses of cap-and-trade systems, governance issues arise as it cut across traditional institutional boundaries and always inspires for an independent governing body, in the form of a National Carbon-credit Cooperative Bank (NCCB), which would principally be charged with price <br>management, thereby increasing the confidence in the system of both investors and covered entities. The proposed institutional management system would help to tackle market expectations and investor activity driven by exogenous factors such as weather conditions, fuel prices and the general level of economic activity. In addition to, the proposed NCCB would play a role – either directly or indirectly – in shaping market design issues that are within the purview of the policy and political realm to provide a greater degree of stability in the overall policy to country like India.</p> |
| format | Recurso digital |
| id | zenodo_https___doi_org_10_5281_zenodo_20325594 |
| institution | Zenodo |
| language | |
| publishDate | 2015 |
| publisher | Zenodo |
| record_format | zenodo |
| spellingShingle | NATIONAL CARBON-CREDIT COOPERATIVE-BANK (NCCB) FOR INDIAN GREEN- ECONOMY Mohapatra, Rudranarayan <p>Carbon markets have been a key driver of channelling finance and investment to projects to reduce greenhouse gas emissions in developing countries like India since the Kyoto Protocol came into effect. And the carbon credits contribute to meeting the incremental costs of green investments to become a key component of the IFC climate business strategy. The weaknesses of cap-and-trade systems, governance issues arise as it cut across traditional institutional boundaries and always inspires for an independent governing body, in the form of a National Carbon-credit Cooperative Bank (NCCB), which would principally be charged with price <br>management, thereby increasing the confidence in the system of both investors and covered entities. The proposed institutional management system would help to tackle market expectations and investor activity driven by exogenous factors such as weather conditions, fuel prices and the general level of economic activity. In addition to, the proposed NCCB would play a role – either directly or indirectly – in shaping market design issues that are within the purview of the policy and political realm to provide a greater degree of stability in the overall policy to country like India.</p> |
| title | NATIONAL CARBON-CREDIT COOPERATIVE-BANK (NCCB) FOR INDIAN GREEN- ECONOMY |
| url | https://doi.org/10.5281/zenodo.20325594 |