Anthropogenic Carbon Emissions in India: An Econometric Analysis

Abstract

The Kyoto Protocol had been signed in the year 1997 to tackle the effect of global warming. The major feature of the Kyoto Protocol is that it sets binding targets for the 37 industrialised countries and the European community and explores options to reduce Green House Gases (GHGs) emissions to 5.2% lower than the 1990 level during the period 2008–2012. Depending upon the nature of long term relationship among carbon emissions, energy consumption and income, most countries may resort to different strategies to fight against the global warming. Being third largest producer of GHGs, India is facing tremendous pressures from international community to reduce its GHGs. This study aims to link econometrically India's anthropogenic GHG emission with its population, GDP and energy intensity. This study empirically establish that one of the ways to reduce GHG emission is by reducing energy intensity through adopting energy conservation and energy efficiency measures and by doing so, India has tremendous opportunity of generating additional revenue through trading of carbon credits earned. Econometric Model developed in this study tries to address most of the issues that surrounds India's Climate Change Policy.

Keywords

Climate Change Energy Intensity Green House Gases Emission India

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