Financing the carbon emission reduction efforts in India
Since mid-2000s, India has been implementing Nationally Determined Contributions (NDCs) to conservative efforts. India has certain targets and ambitions towards low carbon emissions growth, and the country's traditional values combined with the future economic implications have geared up a massive subcontinent into action. It's a long, arduous journey which was/is never going to be without challenges, mostly political and economical in nature. However, as a starting point, India did identify the financial input needed from within and from external sources over the course of ~15 years. Arguably the best way to sustainably finance the conservative projects has already been created. The Kyoto Protocol established a system of trading of carbon credits, in an attempt to incentivise companies and countries to reduce greenhouse gas emissions by giving credits for each conservative effort, which they can trade in the carbon credit market. This was developed under the CDM (Clean De...