Financializing Climate Compliance: The Strategic Role of Derivatives in Carbon Portfolio Management Within the Indian Economy
金融化する気候コンプライアンス：インド経済におけるカーボンポートフォリオ管理におけるデリバティブの戦略的役割 (AI 翻訳)
S. Nazeer
🤖 gxceed AI 要約
日本語
本論文は、インドの2070年ネットゼロ目標達成に向け、カーボンデリバティブ（先物・オプション）がコスト変動管理に果たす役割を分析。PAT制度や炭素クレジット取引制度（CCTS）を前提に、リスク管理フレームワークを提案し、気候コンプライアンスを財務戦略に組み込む重要性を強調する。
English
This paper analyzes the role of carbon derivatives (futures, options) in managing cost volatility for India's net-zero 2070 goal. It proposes a risk management framework within the PAT and CCTS schemes, arguing that integrating climate compliance into financial strategy is crucial for decoupling growth from emissions.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
インドのCCTSは、日本のGXリーグやカーボンプライシングの参考になり得る。本稿のデリバティブ活用によるリスク管理の枠組みは、日本の排出量取引市場設計にも示唆を与える。
In the global GX context
This paper contributes to the literature on carbon derivative markets for managing compliance costs under emerging carbon pricing schemes, particularly relevant for developing economies. Its framework could be adapted to other countries implementing carbon markets, including those under Article 6.
👥 読者別の含意
🔬研究者:Researchers on carbon markets and financial innovation will find a detailed analysis of how derivatives can stabilize compliance costs in emerging economies.
🏢実務担当者:Corporate sustainability teams in jurisdictions with carbon markets can use the proposed framework to integrate derivatives into their carbon portfolio management.
🏛政策担当者:Indian policymakers designing the CCTS can gain insights on incorporating financial instruments to enhance market liquidity and risk management.
📄 Abstract（原文）
The Indian economy is currently in an escalating growth phase aligned with pioneering climate commitments, specifically the goal of achieving Net Zero emissions by 2070. This transition necessitates the development of trailblazing financial tools to manage the cost volatility linked to decarbonization. This article explores the emergent role of carbon derivatives within the context of India’s market mechanisms, such as the Perform, Achieve, and Trade (PAT) scheme and the planned Carbon Credit Trading Scheme (CCTS), as critical instruments for risk management. It examines the specific market, regulatory, and credit risks encountered by Indian industries and proposes a robust framework utilizing futures, options, and centralized clearing. These instruments are presented as essential for corroborating predictable compliance costs, magnifying market liquidity, and protecting competitiveness during the metamorphosis toward a low-carbon economy. Ultimately, the paper argues that transforming carbon management into a strategic financial function, supported by Value-at-Risk analysis, is vital for decoupling climate compliance from economic expansion.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.47772/ijriss.2026.10190065first seen 2026-05-15 17:04:29
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