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What is Unit 4 about?

Carbon trading is a market-based approach that incentivizes companies to reduce carbon emissions by allowing them to buy and sell carbon credits. It operates through a cap-and-trade system where emissions are capped, and companies can trade allowances based on their emissions performance. The document also discusses the legal frameworks, advantages, criticisms, and the evolving landscape of carbon trading in India and globally, alongside the concept of Green GDP which adjusts traditional GDP for environment

Author

30palakagrawal

Language

EN