Carbon Credit Trading and India's Green Transition
炭素クレジット取引とインドのグリーン移行 (AI 翻訳)
Saurav Kumar, T. Ghosh, S. Banerjee
🤖 gxceed AI 要約
日本語
本研究は、インドの強度ベース炭素クレジット取引制度（CCTS）のマクロ経済動学を環境動学的一般均衡モデルで分析。火力発電とグリーン電力を区別し、この制度が長期的にグリーン電力の採用を促進し排出削減に寄与することを示す。短期的には化石燃料の段階的廃止が課題だが、野心的な強度目標と安価なグリーン電力が移行を加速させる。CCTSは炭素税よりもエネルギー転換と成長維持の両面で優れている。
English
This study analyzes the macroeconomic dynamics of India's intensity-based Carbon Credit Trading Scheme (CCTS) using an Environmental DSGE model. Distinguishing between thermal and green electricity, it finds that the scheme promotes green electricity adoption and long-term emission reductions. While short-term fossil fuel phase-out is challenging, ambitious intensity targets with cheaper green electricity can accelerate the transition. The rate-based CCTS outperforms a carbon tax in promoting energy transition while sustaining growth.
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
インドの炭素クレジット取引制度は、日本のGX実現に向けた政策設計（例：GX-ETS）と比較する上で示唆に富む。特に強度ベースの目標設定と二次市場での取引インセンティブが、産業競争力と脱炭素の両立にどう寄与するかが注目される。
In the global GX context
India's intensity-based carbon credit trading scheme offers a valuable case for global climate policy, especially for developing economies balancing growth and decarbonization. The paper's DSGE framework provides insights into how such market-based mechanisms can outperform carbon taxes in promoting energy transition without sacrificing economic stability.
👥 読者別の含意
🔬研究者:Provides a macroeconomic model for evaluating intensity-based carbon trading schemes, applicable to other developing countries.
🏢実務担当者:Offers evidence that carbon credit trading can incentivize green electricity adoption, relevant for corporate strategy in carbon markets.
🏛政策担当者:Highlights that ambitious intensity targets combined with cheaper green electricity can accelerate energy transition, informing policy design.
📄 Abstract（原文）
This study examines the macroeconomic dynamics under the recently announced intensitybased Carbon Credit Trading Scheme (CCTS) in India using an Environmental Dynamic Stochastic General Equilibrium framework. The policy freely allocates carbon certificates in the primary carbon market and aims to incentivize their trading by monetizing emission intensity reductions in the secondary carbon market. Distinguishing between thermal power and green electricity, we find that the incentive mechanism of this policy promotes the adoption of green electricity and reduces emissions in the long term. While phasing out the use of fossil fuels remains a challenge in the short term, an ambitious intensity target, coupled with cheaper green electricity, can accelerate the energy transition. In addition, it stabilizes the economy against volatility in fossil fuel prices. Our results highlight that the rate-based CCTS outperforms the price-based carbon tax policy in promoting the energy transition while sustaining the growth objectives.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.2139/ssrn.6157366first seen 2026-05-05 22:48:51
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