TY - JOUR
T1 - CO2 mitigation policy for Indian thermal power sector
T2 - Potential gains from emission trading
AU - Kumar, Surender
AU - Managi, Shunsuke
AU - Jain, Rakesh Kumar
N1 - Publisher Copyright:
© 2019 Elsevier B.V.
PY - 2020/2
Y1 - 2020/2
N2 - This study shows potential cost savings by adoption of emission trading in India. At the Paris Agreement, India pledged to reduce CO2 emissions intensity by about 30–35% by 2030 relative to 2005. Applying joint production function of electricity and CO2 emissions, we find that India could have saved about US$ 5 to 8 billion, if she had constituted an emission trading system, with the provision of banking and borrowing over the study period of 5 years. To our knowledge, this is the first study measuring foregone gains due to absence of a nationwide carbon emission-trading program in coal fired thermal power sector, using an ex-post analysis.
AB - This study shows potential cost savings by adoption of emission trading in India. At the Paris Agreement, India pledged to reduce CO2 emissions intensity by about 30–35% by 2030 relative to 2005. Applying joint production function of electricity and CO2 emissions, we find that India could have saved about US$ 5 to 8 billion, if she had constituted an emission trading system, with the provision of banking and borrowing over the study period of 5 years. To our knowledge, this is the first study measuring foregone gains due to absence of a nationwide carbon emission-trading program in coal fired thermal power sector, using an ex-post analysis.
UR - http://www.scopus.com/inward/record.url?scp=85077681817&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=85077681817&partnerID=8YFLogxK
U2 - 10.1016/j.eneco.2019.104653
DO - 10.1016/j.eneco.2019.104653
M3 - Article
AN - SCOPUS:85077681817
SN - 0140-9883
VL - 86
JO - Energy Economics
JF - Energy Economics
M1 - 104653
ER -