Navigating Carbon Markets: India's Legal Pathways and Policy Dilemmas
炭素市場をナビゲートする：インドの法的経路と政策のジレンマ (AI 翻訳)
Sankarshanan VV, Uday Shankar, Arindam Arin
🤖 gxceed AI 要約
日本語
インドは2023年に炭素クレジット取引制度（CCTS）を導入したが、追加性テストの法的裏付け欠如や制度設計の曖昧さが課題。本論文は法的・政策的観点から定義の不明確さ、制度的断片化、監督不足を指摘し、独立した監視機関の必要性を提起する。インドの炭素市場が実質的な排出削減を達成するためには、法的に明確な定義と透明な方法論が不可欠と論じる。
English
India launched the Carbon Credit Trading System (CCTS) in 2023, but the paper identifies serious shortcomings including lack of legal backing for additionality testing, fragmented institutional arrangements, and insufficient oversight. It argues that without clear legal definitions, transparent methodologies, and independent oversight, India's carbon market will not achieve net emissions reductions or earn international confidence.
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
日本のGXリーグや排出量取引制度の設計において、追加性テストの法的裏付けや独立した監視機関の重要性を示唆する。日本が国際的な炭素クレジット取引を進める上でも、本論文の指摘は参考になる。
In the global GX context
India's CCTS is a critical case for global carbon market integrity under Article 6 of the Paris Agreement. The paper's critique of additionality and institutional oversight provides lessons for any country designing compliance carbon markets, especially for ensuring environmental integrity and cross-border trust.
👥 読者別の含意
🔬研究者:Provides a detailed legal and policy analysis of India's carbon market design, useful for comparative studies on carbon pricing and market mechanisms.
🏢実務担当者:Highlights risks in carbon credit additionality verification and institutional conflicts of interest; important for participants in India's carbon market.
🏛政策担当者:Recommends specific legal and institutional reforms for carbon market credibility, directly applicable to regulators designing or reviewing compliance markets.
📄 Abstract（原文）
India has developed a carbon market system through the Carbon Credit Trading System (CCTS) 2023 as a way to support domestic compliance with international obligations in accordance with Article 6 of the Paris Agreement. However, there are several serious shortcomings in this market design. Chief among these is the CCTS' ambiguity regarding additionality, a key component in assuring environmental integrity in market-based mechanisms. Although the BEE will conduct additionality testing through the detailed procedure outlined in 2025, the testing will have no legal backing, nor will it contain methodology-specific details or provisions that would enable its implementation within the specific context of India. This article examines the Indian carbon market from both a legal and policy perspective to identify areas where definitional clarity is lacking, institutional arrangements are fragmented, and oversight measures are insufficient. The BEE has been given extensive discretion regarding the accreditation, credit issue, and the approval of methodologies, which raises conflict-of-interest issues and weakens due process. Therefore, it is contended that unless India develops legally defined terms, transparent methodologies for testing additionality and independent institutional oversight, the Indian carbon market will be unable to demonstrate any net emissions reduction or earn the confidence of other countries in their trading relationships.
🔗 Provenance — このレコードを発見したソース
- SSRN https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5991008first seen 2026-07-24 05:12:11
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