Harnessing Carbon Trading: A Catalyst for Global Climate Conventions
Ghazanfer Abbas*
Dept. of Silviculture & NRM, Forest College and Research Institute, Tamil Nadu Agricultural University, Mettupalayam, Tamil Nadu (641 301), India
Ankush S. Gadge
Dept. of Sericulture, Forest College and Research Institute, Tamil Nadu Agricultural University, Mettupalayam, Tamil Nadu (641 301), India
Deepshikha Singh
Dept. of Agroforestry, Forest College and Research Institute, Tamil Nadu Agricultural University, Mettupalayam, Tamil Nadu (641 301), India
Rajput Nikhil Balu
Dept. of Forest Products and Wildlife, Forest College and Research Institute, Tamil Nadu Agricultural University, Mettupalayam, Tamil Nadu (641 301), India
Akshay F. Madiwalar
Dept. of Agroforestry, Forest College and Research Institute, Tamil Nadu Agricultural University, Mettupalayam, Tamil Nadu (641 301), India
DOI: NIL
Keywords: Carbon trading, Climate change, Greenhouse gas emissions, Sustainable development
Abstract
In the landscape of international accords addressing climate change, carbon trading is crucial. In order to aid the reduction of greenhouse gas emissions, this practise entails the exchange of emissions allowances or credits between nations and other organizations. This article examines the mutually beneficial relationship between carbon trading and international agreements, emphasizing how mechanisms like emissions trading and Clean Development Mechanism (CDM) projects, contained in conventions like the Kyoto Protocol and the Paris Agreement, have encouraged international cooperation in the fight against climate change. Carbon trading emerges as dynamic mechanism driving emission reductions while promoting sustainable development on a global scale through the convergence of market-based initiatives and international agreements.
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Reference
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