• Samir Patel
• Ar. Mayank Patel
• Ar. Meera Chatwani,

Global warming is currently the largest danger to our world. Carbon Credit is one of the measures that the global economy has adopted to slow global warming. On February 16, 2005, eight years after the world's nations met in Kyoto, Japan, to discuss global warming, six greenhouse gases had been covered. Accordingly, a literature review was conducted on the carbon credit market overview and market growth prospects. The study looks at baselines, risk levels, and technology that companies have implemented in relation to the various Clean Development Mechanism (CDM) projects that Gujarati energy sector businesses have registered. In order to operate the carbon credit project, it has also looked at the challenges faced by a few chosen organisations and the effects of CDM initiatives. Global warming is the largest issue in the 21st century's grave dilemma of global climate change. Since the Industrial Revolution, anthropogenic activities have significantly increased the atmospheric concentration of greenhouse gases (GHGs). In many nations, the agriculture industry is a substantial contributor of greenhouse gas emissions. The study's findings demonstrate that solar and wind technologies dominate the energy sector companies' usage of technology for CDM projects in Gujarat. Among all the factors, the CDM projects' viability and need to be environmentally beneficial play a significant influence. Energy companies' CDM projects were significantly impacted by the state of the global market and the expense of project monitoring. Data research also found that due of the volatility in carbon pricing; firms that had engaged in carbon trading tend to favour forward contracts. Regarding organisation and project profile, the large-scale CDM projects are identical, with the exception of the project's budget, administration, operation, and duration.

"CARBON CREDIT MARKET IN INDIA", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.9, Issue 8, page no.b613-b616, August-2022, Available :http://www.jetir.org/papers/JETIR2208171.pdf

"CARBON CREDIT MARKET IN INDIA", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.9, Issue 8, page no. ppb613-b616, August-2022, Available at : http://www.jetir.org/papers/JETIR2208171.pdf