Research Paper Management

Research Paper Management-20
Ashwin Modi Head BBA Department, Hemchandracharya North Gujarat University Patan Mr.

Ashwin Modi Head BBA Department, Hemchandracharya North Gujarat University Patan Mr.

The main focus of the discussion is on ‘Reducing Emissions from Deforestation and Forest Degradation’ (REDD).

According to the World Bank’s Carbon Finance Unit, 374 million metric tonnes of carbon dioxide equivalent (t CO2e) were exchanged through projects in 2005, a 240% increase relative to 2004 (110 mt CO2e) which was itself a 41% increase relative to 2003 (78 mt CO2e).

This paper explores the implications of these mechanisms for community forestry and suggests ways in which such finance may contribute to the pro-poor outcomes of community forestry.

The paper also provides an opportunity for those working on the design of carbon financing mechanisms to draw on the experience of community forestry in structuring appropriate benefit systems.

The country, which is second only to China in terms of generating of carbon credits through the introduction of low polluting technologies, ranks very low when it comes to encashing of these credits through carbon trading.

Over 90 per cent of such credits generated are being held back by Indian firms, amid growing uncertainties in the global carbon trade market.

Introduction: 1.1 Carbon Market: Carbon finance is a new branch of Environmental finance.

Carbon finance explores the financial implications of living in a carbon-constrained world, a world in which emissions of carbon dioxide and other greenhouse gases (GHGs) carry a price.

Environmental Finance is the use of various financial instruments (most notably land trusts and Emissions trading) to protect the environment.

The field is part of both environmental economics and the conservation movement.

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