Opinion and commentary

The creation of a national carbon market in India, depending on its institutional setup, policy integration, and design could offer a mechanism for reducing emissions, or it could result in serious economic costs. Srivastava and Swain put forth seven key considerations for its design – including India’s growth objectives, trade balance, fiscal revenues, and the effect on its MSMEs. To ensure its success, they highlight the need to integrate it with a comprehensive policy package to quell broader political economy challenges.

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