Speaker: Dr. Nabajyoti Deka, Faculty of Management Studies (FMS)
Outline: Of late, carbon markets are seen as one of the potential ways to channelize climate investments towards climate mitigation efforts. Carbon markets seek to disincentivize GHG emissions, or incentivize avoidance or reduction of such emissions, mostly through state-regulated compliance markets or market-driven Voluntary Carbon Markets (VCM). But how do these markets function, and how are they different from the already existing mechanisms to regulate carbon emissions? Are carbon markets effective enough to deliver the changes they promise to make? Keeping such concerns into consideration, the proposed talk will attempt to discuss the changing landscape of carbon markets within the evolving policy context, with a specific focus on VCMs. Some of the recent developments in the domain of VCM will be discussed, which will include the type of projects into which VCM investments are made, issuance of carbon credits across project types and geographic regions, and its broad implications. Finally, select VCM projects would be appraised, and critical insights would be linked to pressing issues surrounding VCMs to ask important questions that need to be answered, as several economies increasingly engage in the carbon markets.
Speaker Bio: Nabajyoti Deka is working as an Assistant Professor at the Faculty of Management Studies (FMS), University of Delhi. He holds a Ph.D. in applied economics and is passionate about working in cutting-edge research seeking to address some of the critical economic, social, and environmental challenges that lie in the intersection of agri-food systems, society, and climate change. Nabajyoti has considerable experience working in field-based research. He has co-authored work in reputed journals such as Climate and Development, Nature Climate Change, Sustainable Production and Consumption, and others. His current research interests include understanding carbon markets and the implications of such mechanisms on agri-food systems, land use, and communities. At FMS, he delivers courses on Sustainability and Strategy.