Title: Impact of global recession on carbon credits with special reference to India

Authors: A. Kotishwar

Addresses: Department of Master of Business Administration, CMR College of Engineering & Technology, Medchal Road, Hyderabad, Telangana 501401, India

Abstract: The present study emphasised the effect of the global recession on carbon credits. The study considered Indian carbon credits from NSE India for the full stop 2008-2009 to 2018-2019 years. The study looked at economic factors and sectors. The bivariate correlation was used to assess the relationship between carbon credits and the selected economic variables under the Kendal tau. The normal least square approach has been used to know the impact on carbon credits of the global financial crisis and the outcome has been shown to have a significant impact. The vector auto-regression was applied for future movements and the result showed that carbon credits are expected to move forward.

Keywords: carbon credits; gross domestic product; global recession; index of industrial production; Kyoto protocol; India.

DOI: 10.1504/IJBG.2024.140584

International Journal of Business and Globalisation, 2024 Vol.38 No.1, pp.114 - 135

Received: 31 Jan 2020
Accepted: 21 Dec 2020
Published online: 28 Aug 2024 *

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