Evaluating the Economic and Environmental Impacts of Carbon Credit Projects in Developing Countries

Evaluating the Economic and Environmental Impacts of Carbon Credit Projects in Developing Countries

UNDER THE GUIDANCE OF Dr. RANJUL RASTOGI

SNEHA MILI

SCHOOL OF BUISNESS

GALGOTIAS UNIVERSITY

ABSTRACT

This master's thesis explores the impact of carbon credit projects on the economy and the environment in developing countries. By focusing on initiatives aimed at reducing carbon emissions and promoting sustainable practices, the research aims to understand how these projects influence both economic development and environmental well-being.

The study investigates the economic aspects by assessing the projects' contribution to local income generation, employment opportunities, and entrepreneurship. Simultaneously, it examines their environmental effectiveness in terms of reducing greenhouse gas emissions and conserving biodiversity.

The research also explores the socio-economic implications of these projects, emphasizing the equitable distribution of benefits and their impact on local communities, including vulnerable populations. Additionally, factors influencing the success or failure of these projects, such as stakeholder engagement and policy frameworks are analyzed.

Through this evaluation, the thesis wants to provide insights into achieving a balanced approach between economic development and environmental conservation in the context of carbon credit projects in developing countries. The findings may contribute to informed decision-making for policymakers, stakeholders, and the wider community involved in sustainable development initiatives.