Global climate change is becoming an alarming problem of the 21st century, with global warming as the biggest challenge. Anthropogenic activities have added significant quantities of greenhouse gases (GHGs) to the atmosphere ever since the Industrial Revolution. The agriculture sector is a significant source of GHG emission in many countries. Crop stubble burning or agricultural biomass burning is one of the highest contributors to this emission. In India, around 92 million tons of crop residue is burned every year, causing several negative impacts on the climate as well as on human health. Under the Kyoto Protocol, Carbon trading and Clean Development Mechanism (CDM) are the two robust processes to mitigate the GHG emissions for any country. In this study, we have assessed the overview of world’s carbon market and analysed how much carbon credit India may have traded in the world carbon market, if emission from the crop residue burning was stopped in the Indian agricultural sector. Further we have fitted an econometric model to determine the effect of carbon trading on other stock market variable.
One of the crucial links of ecosystem is forest and its resources. Apart from producing direct use values, it provides several environmental benefits like pollution control, carbon sequestration, nutrient cycling, micro climate regulations etc. Forests are still an almost neglected sector and are consistently undervalued in economic and social terms. Though the area under forest cover has increased, India is still far from its target. Due to different peculiar characteristics, we are not able to valuate forest resources by traditional method of valuation. There is a need to proper insight into forest cover and its valuation methodologies. Through this article, we have tried to estimate the growth pattern, status and trends in India’s forest cover along with its method of valuation.
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