Published Paper Details:

India is poised to emerge as a significant player in the carbon market, particularly in the domain of carbon farming credits, owing to its extensive agricultural land and substantial potential for carbon removal and storage. Priced at approximately $10 per metric ton and with estimated emission reductions of 3 metric tons per hectare, the market's potential value in India surpasses $5 billion if extended nationwide. This paper explores India's promising position in the carbon market, examining factors such as policy changes, the prospect of a national carbon pricing regime, and strengthened international collaborations. The anticipated growth in awareness and capacity development activities is expected to foster a more inclusive and dynamic carbon market. By integrating cutting-edge technology and innovative solutions, India is poised to lead in climate innovation. The paper also emphasizes the holistic approach of India's carbon market, aligning with sustainable development goals, pursuing adaptation measures, and encouraging voluntary carbon reduction initiatives by businesses. The conclusion underscores the potential revolutionary impact of India's carbon market, contributing significantly to global climate objectives while promoting economic growth and social well-being, contingent on regulatory clarity, financial tools, and a commitment to inclusion.