Role of Sovereign Green Bonds and Carbon Markets in Financing India's Net-Zero Transition: Opportunities, Challenges, and Policy Reforms by 2030
インドのネットゼロ移行におけるソブリングリーンボンドと炭素市場の役割：機会、課題、2030年までの政策改革 (AI 翻訳)
Pratima Gupta
🤖 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たソブリングリーンボンド（SGB）と炭素クレジット取引制度（CCTS）の役割を分析。2026年予算でのCCUSやグリーン水素への投資を含む政策動向を整理し、国家グリーン金融機関の設立などの改革を提案。州別の事例研究を通じて、制度的課題と地域格差を指摘しつつ、財政規律を保った移行経路を示す。
English
This paper analyzes the role of sovereign green bonds (SGBs) and the Carbon Credit Trading Scheme (CCTS) in financing India's net-zero transition by 2070. It reviews policy developments including the 2026 Union Budget allocations for CCUS and green hydrogen, and proposes reforms such as a National Green Finance Authority. Through state-level case studies, it identifies institutional capacity gaps and regional disparities while outlining a fiscally prudent transition pathway.
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
日本で進行するGX実現に向けたトランジション・ファイナンスや、カーボンプライシング（特に2026年度からの排出量取引制度本格稼働）の議論において、新興国での制度設計事例として示唆に富む。特に、ソブリングリーンボンドの発行実績と制度面の比較材料となる。
In the global GX context
India's integrated approach combining sovereign green bonds with a domestic carbon market offers a valuable case study for emerging economies designing transition finance frameworks. The paper's focus on institutional capacity and regional equity resonates with global debates on just transition and effective carbon pricing under Article 6.
👥 読者別の含意
🔬研究者:Provides a comprehensive policy review and reform proposals for India's green finance architecture, useful for comparative studies on emerging-market transition finance.
🏢実務担当者:Highlights practical implementation challenges of SGBs and CCTS, with actionable reform ideas for corporate sustainability teams engaging with Indian markets.
🏛政策担当者:Recommendations for a National Green Finance Authority and skilling programs offer concrete policy levers for regulators designing national green finance roadmaps.
📄 Abstract（原文）
India's commitment to achieving net-zero emissions by 2070 represents a fundamental economic transformation requiring massive investments in sustainable infrastructure and clean energy. Sovereign Green Bonds (SGBs) serve as specialized government debt instruments that channel public savings into environmentally beneficial projects such as solar power plants and energy-efficient buildings, while the Carbon Credit Trading Scheme (CCTS) 2023 establishes market-based incentives for industries to reduce pollution. This paper examines these mechanisms from a macroeconomic perspective, highlighting their role in reducing India's dependence on imported fossil fuels, creating millions of green jobs, and supporting sustained economic growth. Union Budget 2026 allocations for Carbon Capture, Utilization, and Storage (CCUS) technologies and green hydrogen production underscore government commitment to this transition. Despite promising beginnings, challenges including institutional capacity gaps and uneven regional development persist. The analysis proposes practical policy reforms, including a National Green Finance Authority and comprehensive skilling programs, to build human capital for the green economy. Through simplified explanations, case studies from Indian states, and a clear implementation roadmap, this study demonstrates how coordinated economic policies can unlock India's sustainable development potential while maintaining fiscal prudence and inclusive growth.
🔗 Provenance — このレコードを発見したソース
- crossref https://doi.org/10.36948/ijfmr.2026.v08i03.77793first seen 2026-05-14 22:31:07
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