HOW CARBON PROJECTS CAN ADD TO SUSTAINABLE DEVELOPMENT GOALS OF INDIA’, AN ASSOCIATIVE STUDY OF CDM PROJECTS
Growing concerns of climate change have necessitated a re-examination of business activities and their viability, not only from a financial viewpoint but also social as well as environmental dimension, popularly known as the ‘Triple Bottom Line approach’. The paper is an attempt to bring around the...
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| Format: | Article |
| Language: | English |
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Nicolaus Copernicus University in Toruń
2022-02-01
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| Series: | Copernican Journal of Finance & Accounting |
| Subjects: | |
| Online Access: | https://apcz.umk.pl/CJFA/article/view/37580 |
| _version_ | 1797728225994997760 |
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| author | Avani Raval Swati Saxena Shashank Thanki |
| author_facet | Avani Raval Swati Saxena Shashank Thanki |
| author_sort | Avani Raval |
| collection | DOAJ |
| description |
Growing concerns of climate change have necessitated a re-examination of business activities and their viability, not only from a financial viewpoint but also social as well as environmental dimension, popularly known as the ‘Triple Bottom Line approach’. The paper is an attempt to bring around the focus on Clean Development projects that deal with carbon credit in India. The sector is a niche in its numbers but huge in potential. This study mainly examines the CDM project risk associated with carbon credit in the organizations from energy sector that had registered and implemented CDM projects in Gujarat. The analysis is based on purposive data collected for larg-scale CDM projects. Statistical analysis was done through non-parametric tests named descriptive analysis, Spearman correlation analysis, and Mann-Whitney U test applied. Analysis of the result reveals that all the enlisted risk has a high degree of association with large scale projects. Correlation results indicated that all kinds of carbon risks have a meaningful positive relationship with each other irrespective of the phase of the CDM project. Type of organizations (public/private sector) also creates differences in CDM project risks. The findings of the research will assist managers in decision-making about carbon emission project risks.
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| first_indexed | 2024-03-12T11:12:01Z |
| format | Article |
| id | doaj.art-cdb93e0e520f46ba9a2cb95d79c25f71 |
| institution | Directory Open Access Journal |
| issn | 2300-1240 2300-3065 |
| language | English |
| last_indexed | 2024-03-12T11:12:01Z |
| publishDate | 2022-02-01 |
| publisher | Nicolaus Copernicus University in Toruń |
| record_format | Article |
| series | Copernican Journal of Finance & Accounting |
| spelling | doaj.art-cdb93e0e520f46ba9a2cb95d79c25f712023-09-02T02:53:04ZengNicolaus Copernicus University in ToruńCopernican Journal of Finance & Accounting2300-12402300-30652022-02-0110410.12775/CJFA.2021.018HOW CARBON PROJECTS CAN ADD TO SUSTAINABLE DEVELOPMENT GOALS OF INDIA’, AN ASSOCIATIVE STUDY OF CDM PROJECTSAvani Raval0Swati Saxena1Shashank Thanki2Nirma UniversityGujarat Technological UniversityNirma University Growing concerns of climate change have necessitated a re-examination of business activities and their viability, not only from a financial viewpoint but also social as well as environmental dimension, popularly known as the ‘Triple Bottom Line approach’. The paper is an attempt to bring around the focus on Clean Development projects that deal with carbon credit in India. The sector is a niche in its numbers but huge in potential. This study mainly examines the CDM project risk associated with carbon credit in the organizations from energy sector that had registered and implemented CDM projects in Gujarat. The analysis is based on purposive data collected for larg-scale CDM projects. Statistical analysis was done through non-parametric tests named descriptive analysis, Spearman correlation analysis, and Mann-Whitney U test applied. Analysis of the result reveals that all the enlisted risk has a high degree of association with large scale projects. Correlation results indicated that all kinds of carbon risks have a meaningful positive relationship with each other irrespective of the phase of the CDM project. Type of organizations (public/private sector) also creates differences in CDM project risks. The findings of the research will assist managers in decision-making about carbon emission project risks. https://apcz.umk.pl/CJFA/article/view/37580carbon credit riskenergy sectorclean development mechanismsustainable development goalsIndia |
| spellingShingle | Avani Raval Swati Saxena Shashank Thanki HOW CARBON PROJECTS CAN ADD TO SUSTAINABLE DEVELOPMENT GOALS OF INDIA’, AN ASSOCIATIVE STUDY OF CDM PROJECTS Copernican Journal of Finance & Accounting carbon credit risk energy sector clean development mechanism sustainable development goals India |
| title | HOW CARBON PROJECTS CAN ADD TO SUSTAINABLE DEVELOPMENT GOALS OF INDIA’, AN ASSOCIATIVE STUDY OF CDM PROJECTS |
| title_full | HOW CARBON PROJECTS CAN ADD TO SUSTAINABLE DEVELOPMENT GOALS OF INDIA’, AN ASSOCIATIVE STUDY OF CDM PROJECTS |
| title_fullStr | HOW CARBON PROJECTS CAN ADD TO SUSTAINABLE DEVELOPMENT GOALS OF INDIA’, AN ASSOCIATIVE STUDY OF CDM PROJECTS |
| title_full_unstemmed | HOW CARBON PROJECTS CAN ADD TO SUSTAINABLE DEVELOPMENT GOALS OF INDIA’, AN ASSOCIATIVE STUDY OF CDM PROJECTS |
| title_short | HOW CARBON PROJECTS CAN ADD TO SUSTAINABLE DEVELOPMENT GOALS OF INDIA’, AN ASSOCIATIVE STUDY OF CDM PROJECTS |
| title_sort | how carbon projects can add to sustainable development goals of india an associative study of cdm projects |
| topic | carbon credit risk energy sector clean development mechanism sustainable development goals India |
| url | https://apcz.umk.pl/CJFA/article/view/37580 |
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