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Exports and Participation in CDM in Technology Intensive Industries in India

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Globalization of Indian Industries

Part of the book series: India Studies in Business and Economics ((ISBE))

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Abstract

This study tries to find out the relationship between export and CDM participation for the technology intensive industries in India. Data are used from the PROWESS, CMIE and Verified Carbon Units (VCU) database from 2007 to 2012. Results of this study indicate that firm size, age of the firms, profitability and R&D intensity are the major determinants of export propensity. In addition, technology imports and multinational affiliation also help firms in exporting more. The CDM participation in terms of higher VCU, and energy related technological advancements at firm level are also found to be major determinants of export intensity. India, unlike other established European carbon markets is not a platform for trading, but the country is known for its creation of VCU and selling them. Government should focus more on smaller and less profitable firms and create a wider platform. Technology spillovers created by bigger and profitable firms which attract more benefits from Verified Carbon Offsetting should pool the entire interested, ready-to-participate firms and attain a common goal, i.e. economically viable, environmentally sustainable and the leaders in the international export market.

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Notes

  1. 1.

    Under VCS, projects are issued unique carbon credits known as Verified Carbon Units or VCUs. Each VCU represents a reduction or removal of one ton of carbon dioxide equivalent (CO2e), which can be generated by reducing or removing any of the following greenhouse gases (GHGs): Carbon Dioxide (CO2), Methane (CH4), Nitrous Oxide (N2O), Hydrofluorocarbons (HFCs), Perfluorocarbons (PFCs), and Sulphur Hexafluoride (SF6).

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Author information

Authors and Affiliations

  1. Assistant Professor, Madras School of Economics, Behind Govt. Data Center, Gandhi Mandapam Road, Kottur, 600025, Chennai, Tamil Nadu, India

    Santosh Kumar Sahu

  2. Institute Chair Professor, Department of Humanities and Social Sciences, Indian Institute of Technology Bombay, Powai, Mumbai, 400076, India

    K. Narayanan

Authors
  1. Santosh Kumar Sahu
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  2. K. Narayanan
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Corresponding author

Correspondence to Santosh Kumar Sahu .

Editor information

Editors and Affiliations

  1. Faculty of Economics and Business, KU Leuven Universit, Antwerpen, Belgium

    Filip De Beule

  2. Humanities and Social Sciences, Indian Institute of Technology Bombay, Mumbai, Maharashtra, India

    K. Narayanan

Appendix

Appendix

Table 6.7 Technological Classification of Manufacturing Industry (OECD Classification)
Full size table

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Sahu, S.K., Narayanan, K. (2016). Exports and Participation in CDM in Technology Intensive Industries in India. In: De Beule, F., Narayanan, K. (eds) Globalization of Indian Industries. India Studies in Business and Economics. Springer, Singapore. https://doi.org/10.1007/978-981-10-0083-6_6

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