Published Paper Details:

ABSTRACT: Global warming has become an issue more and more serious to the world with its effects being experienced by common man all over the globe. The alarming rise in this effect has also called for various attempts to combat it on a global level. One such attempt to combat global warming is the introduction of carbon trading through carbon markets. This paper attempts at understanding the mechanism of the model of carbon trading and analyse it for its various advantages and disadvantages. The disadvantages thus realised would be scrutinised for further clarity into what the actual problem is, thereby, getting a direction on what must be the features of an effective model to combat climate change. The knowledge gained in this regard would then be used to propose a model that can overcome the limitations of the models that already exist. The research methodology employed is Applied research. Applied researches are often carried on a large scale incurring a lot of expenses aimed at solving modern world problems. All the information aiding this paper are secondary in nature and this paper is addressing the issue of climate change on the grounds of business structure (economic solutions). Study into the carbon trading model has found that the model is susceptible to frauds and it might not serve as an effective model to combat climate change.