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Unlocking India's voluntary carbon market : challenges and the path forward

(인도의 자발적 탄소 시장 활성화: 도전 과제와 앞으로 나아갈 길)

목차

Title page 1

Contents 5

Executive summary 6

1. Introduction 9

2. Approach and overview 13

2.1. Verified Carbon Standard Process Overview 13

2.2. Comparative overview of other VCM standards 18

2.3. Data analysis 20

3. Results 22

3.1. Delay assessment across project types 23

3.2. Sectoral representation across projects 25

4. Key challenges across sectors 27

4.1. AFOLU sector-related challenges 27

4.2. Energy sector-related challenges 30

4.3. Sectoral diversification-related challenges 31

5. Key recommendations 34

6. Conclusion 39

Acronyms 41

References 42

Tables 16

Table 1. Sectoral scopes and mitigation potentials 16

Table 2. Comparative overview between major Carbon Market Standards 18

Table 3. Availability of methodologies under standards 19

Table 4. Side-by-side comparison of (a) the availability of methodologies under each sector and (b) participation in each sector 32

Figures 11

Figure 1. Types of offset markets currently operating in India 11

Figure 2. Approach of the study for understanding bottlenecks in voluntary carbon market processes 14

Figure 3. Procedural flow of the credit issuance cycle 15

Figure 4. Phases of the credit issuance cycle according to VCS data availability in its registry 17

Figure 5. AFOLU projects in India take significantly longer to be registered when compared to the ROA 23

Figure 6. The highest number of 'on hold' and 'rejected' projects is in the AFOLU sector 24

Figure 7. Delays observed amongst 'unregistered' projects across sectors 25

Figure 8. Participation in project development across sectors in India 26

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Unlocking India's voluntary carbon market : challenges and the path forward

(인도의 자발적 탄소 시장 활성화: 도전 과제와 앞으로 나아갈 길)