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What is Carbon Trading

Chapter 16
Emerging Applications in Supply Chains for Sustainable Business Development
It is a tool/mechanism used by EU to slow down climate change. It means the process of buying and selling and the credit allowed to emit carbon dioxide while engaged in an activity.
Published in Chapter:
Supply Chain Modelling Under Carbon Trading
Nidhi M. B. (National Institute of Technology Calicut, India) and V. Madhusudanan Pillai (National Institute of Technology Calicut, India)
Copyright: © 2019 |Pages: 18
DOI: 10.4018/978-1-5225-5424-0.ch016
Abstract
In the recent decades, carbon footprint assessment of an activity has been emerging as a major research area. The carbon trading called “CAP and TRADE system” is evolved out of the Kyoto Protocol and emission trading schemes and is experimented across countries to encourage organizations to control emission. The region or country fixes the CAP which is the limit for emissions emitted by an organization. This chapter depicts the performance evaluation of a supply chain under the carbon cap and trade scheme. A mathematical model is proposed which considers carbon emissions as a result of supply chain operation, carbon trading among members of the supply chain, and carbon trading with members of outside supply chain. A mixed integer linear programming (MILP) model is proposed for the performance evaluation of a forward supply chain having 4 stages. The analysis shows that carbon trading allows economic benefits as well as environmental benefits.
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