2025, Vol. 6, Issue 1, Part K
Decarbonizing India's energy future: The role of carbon credits, market mechanisms, and digital MRV in the power sector
Author(s): Funnisha Garg
Abstract: India’s power sector is central to achieving national climate goals and transitioning towards a low-carbon economy. This paper examines the challenges of decarbonizing the sector and evaluates the role of carbon credits as market-based tools to support renewable energy adoption and energy efficiency improvements. It critically assesses the effectiveness of compliance and voluntary carbon markets through mechanisms such as cap-and-trade and baseline-and-credit systems. The study emphasizes the use of digital Measurement, Reporting, and Verification technologies—such as blockchain, artificial intelligence, and geospatial tools—in enhancing transparency and accuracy of emission tracking. It explores India's evolving regulatory frameworks, allocation standards, and innovations including smart contracts and digital tokenization of carbon credits. The paper concludes by identifying policy gaps and providing actionable recommendations to strengthen climate finance, improve regulatory compliance, and foster sustainable investments in India’s power sector.
Pages: 992-995 | Views: 105 | Downloads: 77
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How to cite this article:
Funnisha Garg. Decarbonizing India's energy future: The role of carbon credits, market mechanisms, and digital MRV in the power sector. Asian J Manage Commerce 2025;6(1):992-995.
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