Making Indian companies CDM compatible: towards a green financial strategy
by Ehtesham Husain Abbasi; Anshul Singh; Mihaela Constantinescu; Asif Khan; Mohd Naseem
International Journal of Green Economics (IJGE), Vol. 11, No. 1, 2017

Abstract: Climate change is the most challenging international policy problem the world has ever faced. Implementing new policy and projects can help to reduce global emissions and reveal future opportunities for countries and companies taking part directly or indirectly as financial a strategy. This paper seeks to discuss CDM as a successful business strategy to be adopted by Indian companies to support global environmental initiatives. Secondary data from those companies which are chosen for research are used to carry out a financial analysis of CDM projects. Financial analysis has been done with the help of different ratios, namely carbon ratios, carbon credits/net profit, Carbon Credit/Fixed Assets, Operating exp/Carbon Income. The main sources of Secondary Data are from the websites of Indian Planning Commission (now known as National Institute for Transforming India Aayog or NITI Aayog), Ministry of Environment & Forests, IFC, World Bank, UNFCCC and Annual Reports of companies. Three industrial units sold carbon credit and generated a huge amount of income. There is a significant opportunity awaiting India in carbon financing which is estimated to go up to $100 billion by 2017.

Online publication date: Wed, 08-Mar-2017

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Green Economics (IJGE):
Login with your Inderscience username and password:

Username:        Password:          Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com