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Green watch
(Let’s think green!)
Volume 1; October 2015            ISSN:XXXXXXXX
 
      
Editor’s	desk	
Green	 Watch	 is	 a	 youth	 initiative	 of	 few	 of	 the	 researchers,	 marketers	 in	 environment	
industry.	Importance	of	environmental	protection,	afforestation,	biodiversity,	conservation	
of	natural	resources	has	become	crucial	these	days.	Environmental	degradation,	depletion	
of	natural	resources,	carbon	footprint,	GHG	emissions,	natural	disasters	etc.	have	become	
cause	of	immense	concern	in	front	of	world	community.	It	is	the	responsibility	of	all	the	
stakeholders	 to	 save	 mother	 earth	 against	 all	 the	 evil	 business	 practices	 happening	
worldwide.	There	is	a	lack	of	knowledge	and	awareness	about	various	ill	effects,	human	
and	other	species	can	face	due	to	environmental	degradation.	Compliance	of	green	policies	
and	careful	consideration	of	all	the	factors	relating	to	sustainability	is	the	need	of	the	hour.	
Gradually	the	environmental	policies,	regulation	and	environmental	policy	compliance	are	
getting	 stringent.	 Various	 initiatives,	 policies	 and	 programmes	 are	 undertaken	 in	 the	
process	 of	 disseminating	 the	 information	 about	 environmental	 impacts	 and	 make	 the	
stakeholders	aware	about	it.	Consideration	of	people,	planet	and	profit	(3Ps)	provides	the	
basis	 of	 sustainable	 development.	 Satisfaction	 of	 all	 the	 stakeholders	 and	 care	 for	
environment	is	the	strategy	for	any	business	to	sustain	in	a	long	run.	Policy	of	reduce,	reuse	
and	recycle	should	always	be	in	focus	in	the	business	processing.	For	a	prosperous	green	
world,	 governments,	 businesses	 and	 civil	 society	 organizations	 with	 other	 stakeholders	
must	come	forward	to	tackle	this	challenge	of	climate	change.		
The	 initiative	 thus	 taken	 by	 Green	 Watch	 in	 order	 to	 disseminate	 information	 and	
knowledge,	enhance	awareness	about	sustainability	management	practices	all	over	among	
all	 the	 stakeholders.	 This	 global	 monthly	 update	 would	 try	 to	 report	 various	 activities,	
initiatives,	green	innovation	and	technology,	case	studies,	promotion	of	green	enterprises,	
policy	 analysis,	 address	 the	 roles	 regarding	 natural	 resources	 management,	 renewable	
energy,	sustainable	development,	green	marketing,	responsible	business	management	etc.			
Vision	
To	become	an	international	environmental	knowledge	dissemination	platform	for	various	
stakeholders	in	the	process	of	making	a	green	and	prosperous	planet			
Mission:		
 To	make	the	community	aware	about	environmental	issues	
 To	 motivate	 green	 enterprises	 and	 provide	 a	 platform	 to	 share,	 network	 and	
broaden	the	scope	of	green	business	operations	
 To	contribute	in	the	process	of	meeting	millennium	development	goals	(MDGs)	
	
Editor
      
Contents	
1. Sustainability:	Going	Back	to	the	Nature!		
‐Dr.	P.	Koshy	………………………………………………………………………………………………..	
2. Electronic	Waste	Generation	in	India	
‐Bhavesh	Jha	……………………………………………………………………………………………….	
3. Carbon	Trading	In	India	–	Issues	And	Prospects	
‐Mr.	Suman	Roy	Barman,	Amlanbrata	Chakraborty................................................	
							4.			Green	Marketing:	Strategic	step	towards	business	excellence	
														‐Mr.	Bhavesh	Jha...............................................................................................................	
							5.		World	Sustainability	Review
      
1.	Sustainability:	going	back	to	the	nature!	
‐Dr.	P.	Koshy1	
		
Going	 out	 and	 travelling	 in	 public	 transport,	 in	 order	 to	 make	 arrangements	 for	 Green	
Enterprise	Summit,	that	we		planned	to	organise	on	June	23	in	New	Delhi,		faced	a	setback	
owing	to	extreme	heat,	some	of	us	getting	dehydrated	and	if	not	a	sun	stroke!	Thus,	we	
postponed	 the	 Summit	 to	 August	 4.	 We	 were	 unable	 to	 move	 in	 the	 sun	 to	 make	 the	
arrangements.	Many	suggested	organising	it	in	June	would	be	disastrous	as	there	would	be	
very	low	turnout.	My	colleagues	at	Samadhan	Foundation	were	also	finding	it	difficult	to	
face	the	sun.	
	Climate	 change,	 depletion	 of	 ozone	 layer,	 green	 house	 gases	 etc	 are	 not	 few	 key	 words	
related	to	environmental	sciences	but	a	reality.	
	Summer	was	too	harsh	for	the	people	across	India	this	year,	especially	in	the	Northern	
region.	 Together	 with	 power	 cuts	 and	 power	 shortage,	 life	 was	 really	 miserable.	 People	
often	refuse	to	come	out	during	the	day	time,	except	those	who	have	no	other	option,	who	
are	poor,	rickshaw	pullers,	informal	sector	workers,	manual	labourers,	marketing	and	sales	
people	and	several	others	who	have	no	other	option	other	than	that.	Climate	has	changed	
so	much.	Winter	in	Delhi	was	really	so	harsh	last	time.	Anita,	my	wife,	who	is	a	journalist	in	
Muscat,	came	to	Delhi	to	enjoy	the	winter	season	kept	on	telling	me	that	‘she	is	finding	it	
difficult’	and	was	ill	throughout	her	vacation.	
	Climate	change	is	a	reality!	What	is	happening	now	seems	to	be	a	test	dose!	The	climate	
and	temperature	would	be	at	extreme	poles	in	the	years	ahead.	
Therefore,	living	an	environment	friendly	life	is	something	that	is	being	advocated.	What	
can	we	do	at	individual	levels	to	address	the	issue?	It	could	be	from	using	public	transport,	
whenever	it	is	possible	to	avoiding	printing	of	unnecessary	papers	that	we	can	surely	be	
avoided	are	just	two	examples.	Adoption	of	green	practices	can	come	into	all	aspects	of	our	
life.	It	is	not	a	question	of	adoption	for	a	few	polluting	industries	alone.	
                                                            
1Dr.	P.	Koshy	is	director	of	Institute	of	enterprise	development	&	research.	He	has	great	interest	and	has	been	
working	for	sustainable	development	and	green	practices	for	many	years.	He	can	be	contacted	at	
caushie@gmail.com	
 
      
When	we	buy	food	in	the	street,	many	office	goers	do	that	in	the	cities	these	days,	eat	our	
lunch	on	a	plastic	platter.	After	eating,	it	is	being	thrown	into	some	waste	water	flowing	
river	or	some	street	corner.	We	are	all	contributors	to	this	clutter.	After	a	marriage	party,	
the	remaining	waste,	that	include,	chicken	–	mutton	and	other	food	wastes	are	often	being	
dumped	into	a	small	water	flow,	which	is	semi	dry	or	in	a	river	which	has	little	water.	So	is	
the	case	with	several	of	tourism	business	focused	five	star	or	3	star	and	other	hotels.	We	
can	imagine	what	would	be	the	end	product,	when	waste	is	being	pumped	in	tonnes	to	a	
static	water	body.	Chickengunia,	Dungy	and	viral	infections	of	several	other	names	are	very	
common	in	our	society.	Managing	organic	waste	properly	is	one	of	the	challenges	faced	by	
Municipal	administrations	across	the	country.	
	We	need	to	look	at	the	question	of	sustainability	of	our	society.	How	long	we	can	have	an	
economy	 where	 we	 will	 have	 to	 keep	 on	 pumping	 money	 heavily	 during	 a	 recession	 in	
infrastructure	development	projects,	in	most	cases	which	do	not	make	any	sense?	More	
investment	for	smooth	passage	of	fast	moving	vehicles,	and	8	lane	high	ways	have	become	
a	priority	rather	than	strengthening	the	public	transport	system.	It	is	something	like	the	
lopsided	priority	of	our	planning	commission	apparatus	headed	by	Montek	Alhuwalia,	who	
spent	 3.5	 million	 for	 toilet	 renovation	 at	 his	 office,	 when,	 crores	 of	 Indians	 defecate	 in	
public	and	use	street	corners	and	open	space	as	their	toilet.	An	efficient	public	transport	
system	 would	 drastically	 bring	 down	 CO2	 emissions.	 When	 people	 opt	 for	 local	 trains,	
metro	 trains,	 trams	 and	 buses	 etc,	 cars	 and	 two	 wheelers	 plying	 on	 the	 road	 would	 be	
reduced	significantly.		No	study	is	required	to	prove	this.	Delhi	Metro	is	the	best	case	in	this	
regard.			
	However,	throughout	the	world	trend	is	to	expand	the	economic	activities	and	create	jobs	
somehow	thorough	all	possible	investments	and	expansion	of	physical	infrastructure.	But	
creating	green	jobs	is	the	challenge	of	future	innovators	and	entrepreneurial	class.	
	Building	the	biggest	structure	is	where	the	competition	for	and	hidden	corporate	agenda	
and	national	agendas	of	governments	lies.	Planners	have	to	focus	on	planning	for	building	a	
green	economy	rather	than	doing	things	which	are	not	really	their	jobs,	like	Montek	Singh	
Ahluwalia	working	for	the	cause	of	FDI	in	retail	causing	the	destruction	of	millions	of	street	
vendors,	small	retail	sector	which	use	very	minimal	power	and	still	help	move	this	country	
unlike	 the	 large	 retail	 chains	 who	 would	 contribute	 more	 harm	 to	 the	 environment.	 In
      
Germany	and	in	several	parts	of	the	world,	even	in	the	US,	people	are	against	WALMART	
not	just	for	their	contribution	to	jobless	growth	but	also	for	environmental	related	reasons.	
WALMART	is	almost	out	from	Germany	but	Montek	wants	them	in	India.		It	has	nothing	
much	to	do	with	a	sustainable	development	agenda	but	seems	like	more	of	personal	agenda	
and	doing	a	consultancy	job.	
	But	when	my	friend	Sudharshan	George	who	is	resettling	in	India	after	living	in	Germany	
for	over	a	period	of	14	years	refuse	to	buy	a	private	vehicle.	He	is	living	in	Hyderabad	and	
using	public	transport.	Similarly,	my	cousin	who	came	back	to	Banglore	after	a	period	10	
years	of	stay	in	US,	Bindu	and	Sanjay,	insist	on	travelling	in	public	transport.	But,	many	of	
us	are	finding	it	difficult	without	a	private	vehicle.	
	Air	Conditioners:	are	they	really	required?	Will	ACs	enhance	our	efficiency?	I	am	not	sure.	
But	Air‐	Coolers	will	gradually	disappear,	if	the	trend	continues!	
	Greening	 the	 earth	 is	 a	 challenge.	 Going	 to	 offices	 using	 buses,	 metro	 rail/local	 train,	
bicycles	and	using	air	coolers	rather	than	ACs	are	just	few	areas	at	personal	level	we	can	
contribute	in	protecting	the	environment	and	a	sustainable	green	future!
      
2.	Electronic	Waste	Generation	in	India	
‐Bhavesh	Jha2	
Abstract	
Increasing	use	of	information	technology	and	day	to	day	new	innovations	in	technological	
sector	 has	 increased	 a	 hidden	 burden	 on	 the	 social	 and	 environmental	 front.	 Changing	
lifestyles	 and	 increasing	 demand	 of	 white	 goods	 around	 the	 world	 have	 increased	
technological	obsoleteness	every	day.	Managing	outlived	waste	electrical	and	electronics	
equipment	 have	 become	 a	 big	 challenge	 for	 the	 government	 and	 private	 sector	 entities.	
With	 a	 boom	 in	 IT	 sector	 and	 rapid	 industrialisation,	 Indian	 electronic	 waste	 market	 is	
increasing	at	a	rate	of	20%	per	annum.	Different	studies	show	about	this	increasing	trend	
in	 the	 major	 cities.	 Electronic	 waste	 inventory	 management	 at	 the	 local	 level	 is	 a	 big	
headache	for	governments.	Most	of	the	electronic	wastes	come	to	informal	sector	recyclers.	
Many	of	the	reasons	include	a	better	price	for	consumer.	But	the	handling,	abstraction	and	
disposal	system	of	an	informal	recycler	is	very	unhygienic	for	the	environment.				Strict	
enforcement	 of	 different	 laws	 on	 producers’	 responsibility	 and	 awareness	 generation	
among	 the	 huge	 informal	 sector	 workforce	 about	 the	 hazardous	 impact	 of	 e	 waste,	 safe	
handling	 practices	 etc.	 are	 of	 immense	 importance.	 Governments	 and	 nongovernmental	
organisations	will	have	to	work	on	a	strategy	to	mitigate	the	negative	impacts	of	electronic	
waste	in	the	society.							
Key	Words:	Consumerism,	WEEE,	Technological	Obsoleteness,	Electronic	Waste,	Techno	
Trash,	Waste	Inventory,	Environmental	hazards,	Waste	Scenario,	Management	
Consumerism	and	E	waste	
The	 increasing	 economic	 growth	 and	 changing	 consumption	 trends	 worldwide	 have	
resulted	in	a	significant	rise	in	the	disposable	incomes	and	consumers’	propensity	to	spend.	
The	advancement	in	technology	and	changing	lifestyle,	status	or	perception	of	consumers	
has	driven	this	demand	of	electronic	items.	Consumers’	dependency	on	information	and	
                                                            
2	Mr.	Bhavesh	Jha	is	an	MBA	in	Business	Sustainability	Management	(MBA)	from	TERI	University,	The	Energy	
&	Resources	Institute.	He	has	a	keen	interest	in	environment	and	sustainable	development,	Environmental	
and	social	impact	assessments,	innovation,	social	entrepreneurship	etc.	He	is	working	in	environmental	
sector.	He	can	be	contacted	at	bhaveshjha08@gmail.com
      
communication	 technology	 has	 been	 increasing	 very	 rapidly.	 The	 new	 innovations	 in	
information	technology	because	of	the	rising	demand	for	higher	efficiency	and	productivity	
in	the	businesses	and	work	have	become	a	matter	of	day	to	day	life.	Technologies	which	
were	new	yesterday	have	become	obsolete	for	today.	The	increase	in	demand	for	“White	
Goods	 segment”	 i.e.	 on	 consumer	 durables	 such	 as	 television	 sets,	 microwave	 ovens,	
calculators,	air‐conditioners,	servers,	printers,	scanners,	cellular	phones,	computers	etc.	is	
for	obvious.	Thus,	there	can	be	broad	range	of	waste	electric	and	electronic	goods	which	
have	outlived	their	use,	ready	for	disposal.	These	contain	chemical	materials	considered	
hazardous	for	human	well	beings	and	natural	environment.	The	increasing	rate	of	waste	
electronic	 products	 and	 additionally	 the	 illegal	 import	 of	 junk	 electronics	 from	 abroad	
create	a	complex	scenario	for	solid	waste	management	in	India.		
According	to	Ministry	of	environment	and	forest	(MoEF),	E‐waste	is	such	waste	comprises	
of	wastes	generated	from	used	electronic	devices	and	household	appliances	which	are	not	
fit	for	their	original	intended	use	and	are	destined	for	recovery,	recycling	or	disposal.	
Indian	e	waste	trends	&	Scenario																																								
The	Indian	electronic	waste	industry	is	booming	at	a	very	rapid	pace.	It	is	expected	to	be	
increasing	at	a	rate	of	20%	annually.	With	increasing	per	capita	income,	changing	life	styles	
and	revolutions	in	information	and	communication	technologies,	India	is	the	second	largest	
electronic	waste	generator	in	Asia.	India	is	generating	around	4,	00,000	tones	of	electronic	
waste	per	year	according	to	Ministry	of	Environment	and	Forest	MoEF.		Not	only	this,	it	
gets	around	50,000	tones	of	e	waste	through	illegal	means	of	imports.	According	to	a	report	
on	electronics	market,	TATA	Strategic	Management	Group	says	that	India	is	expected	to	
have	11%	share	in	global	electronic	market	by	2020.		
MoEF’2012	report	says	that	Indian	electronic	waste	output	has	jumped	8	times	in	the	last	
seven	 years	 i.e.	 8,	 00,000	 tones	 now.	 India	 has	 majorly	 two	 types	 of	 electronic	 waste	
market	called	organized	and	unorganized	market.	90%	of	the	electronic	waste	generation	
in	the	country	lands	up	in	the	unorganized	market.	And	out	of	this	only	5.7	%	of	e	waste	is	
recycled.	Electronic	waste	accounts	for	70%	of	the	overall	toxic	wastes	which	are	currently	
found	in	landfills	which	is	posing	toxic	chemical	contamination	in	soil	and	other	natural
      
resources.	 Another	 report	 from	 Central	 Pollution	 Control	 Board	 CPCB	 says	 that	 around	
36,165	 hazardous	 waste	 generating	 industries	 in	 India	 accounts	 for	 6.2	 million	 tones	 of	
toxic	wastes	every	year.	Indian	PC	industry	is	growing	at	a	rate	of	25%	annually	as	per	
MAIT	study.	
Out	of	the	total	electronic	waste	generation	in	India,	only	40	%	of	these	are	taken	into	the	
recycling	 processes	 and	 rest	 60%	 remains	 in	 warehouses	 due	 to	 inefficient	 and	 poor	
collection	systems.	Generally,	people	hand	over	electronic	waste	to	unauthorized	recycling	
centres/	scrap	dealers	etc.	for	quick	money.	The	e‐waste	scrap	is	managed	through	various	
management	alternatives	such	as	reuse	of	equipment	from	second	hand	dealers,	back	yard	
recycling	(manual	dismantling	and	segregation	into	plastic,	glass	and	metal)	and	finally	into	
the	 municipal	 dumping	 yard.	 MAIT	 (Manufacturers	 Association	 for	 Information	
Technology)	study	says	that	waste	from	discarded	electronics	will	rise	dramatically	in	the	
developing	world	within	a	decade,	with	computer	waste	in	India	alone	to	grow	by	500	per	
cent	from	2007	levels	by	2020.	Over	100,000	tonnes	from	refrigerators,	275,000	tonnes	
from	TVs,	56,300	tonnes	from	personal	computers,	4,700	tonnes	from	printers	and	1,700	
tonnes	from	mobile	phone.		
Techno‐Trash		
The	 electronic	 waste	 due	 to	 Computer	 waste	 also	 called	 techno	 trash	 is	 becoming	 most	
significant	 of	 all	 e‐waste	 due	 to	 the	 quantity	 as	 well	 as	 the	 fast	 generation	 rate.	 The	
computer	 hardware	 sector	 has	 displayed	 an	 unusual	 growth	 in	 the	 past	 few	 years	
maintaining	pace	with	the	rapid	growth	in	the	software	sector.	The	continuous	innovations	
and	technological	up	gradations	in	the	hardware	segment,	obsolescence	risk	remains	a	key	
area	of	concern	for	companies	that	have	made	huge	investments	in	their	IT	systems.																																			
Management		
Managing	Electronic	waste	has	become	a	very	big	challenge.		The	increasing	environmental	
concerns	and	ill	effects	of	electronic	waste	on	natural	resources	(soil,	air,	water	etc.)	and	
community	 at	 large	 has	 become	 an	 important	 issue	 to	 deal	 with.	 The	 governments	 and	
private	 sector	 organisations	 will	 have	 to	 play	 a	 crucial	 and	 responsible	 role	 in	 order	 to	
properly	manage	electronic	waste.	Proper	inventorisation	and	management	at	local	levels
      
has	 been	 very	 necessary	 in	 order	 to	 reduce	 the	 negative	 impacts	 of	 e	 waste	 in	 human	
livelihood.	Government	and	private	players	can	tie	up	with	different	NGOs	working	in	this	
sector	and	get	consultation	with	different	E‐waste	experts.	Through	a	proper	assessment	of	
unorganised	small	scale	industrial	houses,	they	may	get	the	actual	loopholes	in	the	system.	
Safe	 handling	 and	 disposal	 trainings	 should	 be	 provided	 to	 the	 unorganised	 recyclers.	
Different	 awareness	 programmes	 and	 reach	 to	 the	 grass	 roots	 level	 unorganised	 sector	
recyclers	can	play	a	pivotal	role	in	efficiently	managing	e	waste.	
References	
i. MAIT‐	 GTZ	 E	 Waste	 Study	 Summary	 http://ewaste.mait.com/wp‐
content/uploads/2012/04/MAIT‐GTZ‐e‐Waste‐study‐summary.pdf,	(Online)	
ii. April	4,	2012,	The	times	of	India	(http://articles.timesofindia.indiatimes.com/2012‐
04‐04/pollution/31286986_1_total‐e‐waste‐automatic‐dispensers‐electronic‐tools),	
(Online)	
iii. E	 Waste	 Management	 Report,	 UNEP;	
http://www.unep.or.jp/ietc/GPWM/data/T3/EW_1_2_WEEE_EwasteMngtRprt.pdf,	
(Online)		
iv. E	Waste	in	India;	Toxics	link;	http://www.toxicslink.org/docs/06040_repsumry.pdf,	
(Online)		
v. Sustainable	 Development	 in	 India:	 MoEF,	 2011,	
http://www.uncsd2012.org/content/documents/Sust_Dev_Stocktaking.pdf,	
(Online)
      
3.	Carbon	Trading	In	India	–	Issues	and	Prospects	
‐Mr.	Suman	Roy	Barman3	
‐Mr.	Amlanbrata	Chakraborty4	
Abstract	
	Global	 warming	 is	 changing	 the	 global	 climate	 much	 faster,	 affecting	 living	 organisms.	
Environmentalist,	 policymakers	 and	 general	 public	 are	 emphasizing	 on	 global	 policy	 for	
protecting	natural	environment.	But	despite	such	emphasis	a	uniform	consensus	is	yet	to	
be	made.		Emission	of	Carbon	dioxide	to	a	huge	quantity	is	mainly	responsible	for	Green	
House	Gas	(GHG)	production	as	well	as	global	warming.	Carbon	trading	is	the	way	through	
which	global	warming	can	be	reduced	to	a	large	extent.	Carbon	trading	is	thought	to	be	an	
alternative	to	limit	the	emission	level	of	GHG,	as	resolved	in	the	Kyoto	protocol.	The	main	
issue	of	Kyoto	protocol	has	been	to	control	emissions	of	Green	House	Gases	(GHG)	from	
various	 industrial	 units	 throughout	 the	 world.	 The	 purpose	 of	 this	 paper	 is	 to	 analyze	
prospects	of	carbon	trading	in	India	as	well	as	the	related	issues.	
Key	Words:	Carbon	trading,	GHG,	global	climate,	global	warming,	Kyoto	protocol	
Introduction	
In	recent	years	global	warming	has	been	the	main	cause	of	global	climate	change.	The	term	
global	warming	is	a	process.	It	is	stated	that	the	sun's	radiation	comes	along	with	light	and	
heats	up	our	planet.	Radiation	that	is	coming	is	absorbed	and	it	warms	the	earth	and	goes	
back	into	space	in	the	form	of	infrared	radiation.	Some	of	the	outgoing	infrared	radiation	is	
actually	 trapped	 inside	 in	 our	 atmosphere.	 Due	 to	 this	 phenomenon,	 our	 environment	
maintains	 certain	 temperature	 but	 problem	 occurs	 when	 the	 majority	 of	 the	 infrared	
radiation	is	trapped	inside	atmosphere	and	it	increases	the	temperature	and	atmosphere	
worldwide.	 This	 phenomenon	 causes	 climate	 change.	 Global	 warming	 is	 having	 serious	
affects	and	consequences	and	these	are	sea	water	level	rise,	droughts,	floods,	storms,	and	
heat	 waves	 and	 tsunami.	 Developing	 countries	 are	 usually	 less	 prepared	 in	 facing	
                                                            
3	Mr.	Suman	Roy	Barman	is	a	research	scholar,	Dept.	of	Management,	Monad	University,	Uttar	Pradesh.	He	can	
be	contacted	at	srb_agt@rediffmail.com		
	
4	Mr.	Amlanbrata	Chakraborty	is	a	research	scholar,	Dept.		Of	Commerce,	Tripura	University,	Tripura.	He	can	
be	contacted	at	chakrabortyamlanbrata606@gmail.com	
 
      
environmental	 consequences.	 	 Developing	 countries	 are	 likely	 to	 be	 affected	 by	 volatile	
crop	production	and	ecosystem.	The	factors	contributing	to	global	warming	are	excessive	
emissions	 of	 carbon	 dioxide	 and	 other	 GHGs	 such	 as	 methane,	 nitrous	 oxide,	 sulphur	
hexafluoride,	hydro	fluro	carbon.	To	save	the	planet	from	the	impact	of	climate	change,	it	is	
necessary	 to	 lessen	 the	 levels	 of	 emissions	 of	 GHG	 to	 a	 large	 extent.	 To	 accomplish	 the	
objective	 the	 concept	 of	 CDM	 (Clean	 Development	 Mechanism)	 came	 into	 existence.																												
In	1997,	the	Kyoto	protocol	organized	by	the	United	Nation's	Framework	Convention	on	
Climate	Change	in	Kyoto	with	an	aim	to	reduce	emissions	of	green	house	gases	and	184	
countries	 became	 committed	 to	 that	 protocol.	 The	 agreement	 came	 into	 force	 on	 16th	
February	2005.	It	was	decided	that,	if	commercial	industries	emit	more	than	the	permitted	
limit	 of	 carbon	 dioxide,	 should	 lower	 their	 emissions	 as	 per	 the	 prescribed	 limits,	
otherwise	 they	 should	 buy	 carbon	 credits	 certificates.	 There	 is	 a	 provision	 that	 carbon	
credits	can	be	sold	or	bought	in	the	market;	if	not	then	carbon	tax	will	be	charged.	It	is	
presumed	 that	 developed	 countries	 have	 been	 mainly	 responsible	 for	 the	 high	 levels	 of	
greenhouse	gases	emissions.	So	on	basis	of	that	emission	level	accountability	is	likely	to	be	
assigned.	 The	 major	 resolution	 of	 Kyoto	 protocol	 is	 carbon	 trading,	 Clean	 Development	
Mechanism	(CDM)	and	Joint	Implementation	(JI).	
Objectives	
The	objectives	of	the	present	paper	are:	
1.	To	study	the	issues	and	challenges	associated	with	carbon	trading	in	India.	
2.	To	know	the	prospects	of	carbon	trading	of	Indian	Industries.	
Review	of	Literature	
S.P	Gonchaudhury,	green	environmentalist	of	India	and	also	the	Managing	Director	of	West	
Bengal	Green	Energy	Development	Crop	said,	"The	sentiments	would	be	bullish	for	carbon	
trading,	Barak	Obama,	the	US	President	shows	a	bit	of	aggressiveness	on	the	issues".	
	
Tim	Groser,	Climate	Minister	of	New	Zealand	stated,	"it	is	time	for	green	groups	around	the	
world	to	start	to	analyze	climate	change	problem	on	the	basis	of	not	of	the	rhetoric	of	the	
90s,	but	sum	numerical	analysis	of	where	the	problem	lies	today".
      
Lord	 Nicholas	 Stern,	 former	 World	 Bank’s	 Chief	 Economist	 also	 opined	 that,	 "poorer	
countries	along	with	China	and	India	must	step	up	to	their	responsibilities.	It	is	a	brutal	
arithmetic	 –	 the	 changing	 structure	 of	 the	 world’s	 economy	 has	 been	 dramatic.	 That	 is	
something	developing	countries	will	have	to	face	up".	
Research	Methodology	
Secondary	 data	 has	 been	 used	 from	 various	 sources	 to	 analyze	 the	 current	 position	 of	
carbon	trading	in	India.	The	descriptive	study	has	been	used	in	this	paper.	
Carbon	Trading	Throughout	the	World	
The	 United	 Nations	 Framework	 Convention	 on	 Climate	 Change	 (UNFCCC)	 has	 divided	
countries/signatories	of	the	Kyoto	protocol	under	two	major	groups.	Annex–	1	Countries,	
including	United	States	of	America,	United	Kingdom,	Japan,	New	Zealand,	Canada,	Australia,	
Austria,	Spain,	France	and	Germany	etc.		
Fourty‐one	countries	agreed	to	reduce	greenhouse	gas	emissions	by	5.2%	below	their	1990	
emissions	 levels.	 Annex–	 2	 countries,	 which	 are	 in	 a	 sub	 group	 of	 Annex‐1	 countries,	
include	24	countries	but	except	countries	with	‘Economies	In	Transition’	(EITs).	Annex	–	2	
countries	are	committed	to	buy	emission	credit	from	developing	countries	if	they	fail	to	
reduce	 predetermined	 emission	 levels.	 Developing	 countries	 fall	 under	 the	 category	 of	
Non‐Annex‐	1	countries,	including	India,	Sri	Lanka,	Afghanistan,	China,	Brazil,	Iran,	Kenya	,	
Kuwait	 ,	 Malaysia,	 Pakistan,	 Philippines,	 Saudi	 Arabia,	 Singapore,	 South	 Africa	 etc.	 A	
number	 of	 145	 countries	 do	 not	 have	 any	 immediate	 restrictions	 under	 the	 UNFCCC.	
However	this	classification	is	aimed	towards	a	number	of	certain	purposes.	
i. To	avoid	restrictions	on	growth,	as	pollution	is	strongly	linked	to	industrial	growth,	and	
developing	economies	could	possibly	grow	fast.	
ii. To	 restrict	 above	 mentioned	 countries	 in	 selling	 emissions	 credits	 to	 industrialized	
nations	to	permit	those	nations	to	over	‐pollute.	
iii. iii.	 To	 avail	 of	 money	 and	 technologies	 from	 the	 developed	 countries	 as	 listed	 in										
Annex	–2.
      
Signatories	of	the	Kyoto	protocol	(Annex	–	2	countries)	committed	to	limit	emissions	and	
emission	reduction	targets.	These	predetermined	targets	are	termed	as	Assigned	Amount	
Units	 (AAUs),	 intended	 to	 meet	 stated	 objectives	 during	 2008	 –	 2012.	 Emission	 trading	
allows	countries;	those	have	emission	units	in	excess,	to	sell	these	excess	units	to	countries	
those	are	over	their	targets.	A	Removable	Unit(RMU)	means		an	emission	allowances	which	
are	produced	in	addition	to	Assigned	Amount	Units	(AAUs),	as	a	result	of	an	increase	in	the	
National	 Sink	 Performance5	 Aforestation	 and	 Reforestation	 are	 the	 parameters	 based	 on	
which	‘A	Removable	Unit’	(RMU)	is	calculated.	After	completion	of	Joint	Implementation	
(JI)	 projects	 between	 two	 industrialized	 countries,	 Emission	 Reduction	 Units	 (ERU)	
certificates	 are	 issued.	 A	 Certified	 Emission	 Reduction	 (CER)	 certificates	 derive	 after	
successful	 completion	 of	 CDM	 projects.	 Every	 signatories	 under	 the	 Kyoto	 protocol	 are	
needed	to	maintain	reserves	along	with	ERUs	and	CERs.	
Carbon	dioxide	(CO2),	methane	(CH4),	nitrous	oxide	(N2O),	hydro	fluorocarbons	(HFCs),	
perflurocarbons	 (PFCs)	 and	 sulphur	 hexafluoride	 (SF6)	 are	 main	 six	 greenhouse	 gases	
,those	are	required	to	be	reduced	by	the	countries	as	was	agreed	in		Kyoto.	Quotas	have	
been	fixed	for	all	countries	(except	Non‐Annex	1	countries)	to	emit	the	GHGs	in	the	air.	To	
encourage	green	environment	friendly	business	activities,	carbon	credits	and	carbon	offset	
were	introduced.	The	concept	of	carbon	credit	or	carbon	emission	allowance	developed	in	
implementation	of	Clean	Development	Mechanism	(CDM).	One	carbon	credit	permits	one	
tone	of	carbon	dioxide	(CO2)	or	other	GHGs	to	be	emitted	in	the	air.	Let	us	consider	an	
example,a	coal‐based	company	which	is	generating	power,	is	in	fact	generating	one	tone	
carbon	dioxide	for	each	one	kilowatt	power.	The	same	company	may	produce	one	kilowatt	
power	 through	 windmill	 then	 it	 reduces	 one	 tone	 CO2.	 For	 one	 tone	 reduction	 in	
generation	of	carbon‐			‐dioxide	one	carbon	credit	or	carbon	emission	allowance	to	be	given	
to	 the	 country	 which	 reduced	 carbon	 dioxide	 emission,	 in	 way	 of	 certificates,	 who	 less	
pollutes	the	environment	by	one	tone	carbon	dioxide.	Industries	those	exceed	or	cross	the	
limits	 of	 prescribed	 quotas	 must	 buy	 carbon	 credit	 for	 excess	 discharge	 of	 GHGs,	 while	
                                                            
5
A	 carbon	 sink	 is	 a	 natural	 or	 artificial	 reservoir	 that	 accumulates	 and	 stores	 some	 carbon‐containing	
chemical	compound	for	an	indefinite	period.	The	process	by	which	carbon	sinks	remove	carbon	dioxide	(CO2)	
from	 the	 atmosphere	 is	 known	 as	 carbon	 sequestration.	 available	 in		
http://en.wikipedia.org/wiki/Carbon_sink
      
those	below	prescribed	limits	can	sell	their	carbon	credits.	Under	international	emission	
trading	 mechanism	 countries	 have	 been	 enabled	 to	 trade	 in	 the	 international	 carbon	
trading	 or	 carbon	 emission	 allowance	 market.	 For	 this	 purpose	 exchanges	 (like	 stock	
exchange)	have	been	established.	
	
According	to	Table	1	Total	number	of	projects		registered	with	UNFCCC	is	7128	up	to	July	
2013.Total	 Number	 of	 registered	 projects	 in	 India	 	 is	 1342	 and	 total	 number	 of	 CER	 s	
issued	 to	 Indian	 Projects	 is	 182.55Mn.China	 covers	 51.64%	 of	 total	 number	 of	 projects	
registered	with	UNFCCC,	India	accounted	for	18.83%	and	Brazil	covers	4.21%	of	the	total	
registered	 projects	 during	 31st	 July,	 2013.	 Carbon	 trading	 encouraging	 worldwide	
industries	to	reduce	harmful	emissions	of	greenhouse	gases	to	make	the	planet	more	eco‐
friendly	and	thus	industries	are	becoming	more	financially	sound	by	selling	carbon	credits.	
From	the	Figure1,	it	is	evident	that	United	Kingdom	(31.07	%	)		is	the	major	investor		in	
CDM	followed	by	Switzerland	(	20.78	%	)	and	Japan	(9.47	%)	respectively.	Many	industries	
showing	 their	 interest	 to	 adopt	 carbon	 trading	 toll	 and	 governments	 are	 also	 taking	
initiatives	to	reduce	greenhouse	gas	emissions.	Carbon	trading	is	a	collective	global	effort	
to	conduct	green	business	with	a	minimum	adverse	effect	on	our	environment.	According	
to	the	Bloomberg	New	Energy	Finance	(BNEF)	report,	global	carbon	market	fell	by	36%	in	
2012	to	61billion	euro.	The	Table	1	also	indicates	the	position	of	CDM	projects.	China	leads	
with	 3681	 registered	 projects	 followed	 by	 India	 1342	 projects	 and	 Brazil	 300	 projects	
respectively.
      
	
Figure	 2	 shows	 China	 is	 the	 biggest	 CER	 supplier	 in	 Asia.	 India	 and	 South	 Korea	 hold	
second	and	third	positions	respectively.	According	to	FIGURE	3,	China	holds	no.1	position	
with	 59.9	 %	 of	 CER	 supply	 followed	 by	 India	 14.7	 %	 and	 Republic	 of	 Korea	 with	 9.1%	
respectively.		As	on	31st	of	July	2013,	data	released	by	UNFCCC‐										‐1,365,586,552	CERs	
were	 issued.	 Out	 of	 7590	 CDM	 project	 7128	 projects	 are	 registered,	 89	 projects	 are	
requested	for	registration,	343	projects	are	pending	for	publications		and			28	projects	are	
requested	for	review	whereas	2	are	requested	for	corrections.
      
	
Indian	Scenario	in	Carbon	Trading	
As	per	the	Kyoto	protocol	to	the	United	Nations	Framework	Convention	on	Climate	Change,	
India	falls	under	Non‐Annex	1	countries.	UNFCCC	has	not	impose	any	targets	on	India	as	it	
is	a	developing	country.	India	signed	and	approved	the	protocol	in	August,	2002	and	has	
been	 playing	 a	 major	 role	 in	 reduction	 of	 greenhouse	 gases	 by	 accepting	 Clean	
Development	Mechanisms	(CDMs).	India	has	become	a	global	leader	in	the	global	carbon	
credits	market.	Data	issued	by	IDBI	Bank	as	on	31st	of	July	2013,	India	had	1342	registered	
projects	approved	by	UNFCCC	and	43	new	CDM	projects	from	India	were	registered	with	
UNFCCC.	During	the	month	0.8	million	CERs	where	issued	to	Indian	CDM	projects.	Indian	
CDM	 projects	 have	 cumulatively	 received	 182.55	 million	 CER	 as	 at	 the	 end	 of	 July	 31,	
2013.According	 to	 environment	 and	 forests	 Ministry	 of	 India,	 it	 has	 already	 made	
investments	to	generate	above	30	million	carbon	credits	annually	up	to	2012.	More	than	
90%	 of	 its	 trade	 depends	 on	 the	 US	 and	 European	 Union's	 issuance	 of	 carbon	 emission	
reduction	 (CER)	 certificates	 or	 carbon	 credits.India	 is	 the	 world's	 second‐largest	 carbon	
dioxide	discharger	and	it	is	expected	that	within	2020	GDP	growth	will	be	between	8	and	
9%.	By	2020	India	is	expected	to	contribute	6%	of	global	emissions.	World	Bank	released	
that	the	total	value	of	the	carbon	market	grew	by	11%	in	2011.	Last	year	global	carbon
      
credit	 trading	 was	 estimated	 at	 $	 5	 billion.	 India	 has	 surplus	 carbon	 credits	 to	 sell	 to	
developed	 countries.	 Industrial	 harmful	 products	 are	 mainly	 responsible	 for	 increase	 in	
greenhouse	 gases	 by	 60	 to	 70%,	 which	 adversely	 affect	 the	 ozone	 layer.	 Steel,	 cement,	
power,	textile,	fertilizer	etc.	Industries	emit				greenhouse	gases	in	the	air.	Chemical	plants,	
windmill,	 biodiesel,	 bio	 gas,	 waste	 disposal	 units,	 plantation	 companies	 can	 generate	
carbon	credits	and	earn	money.	Many	Indian	companies	are	showing	their	interest	in	CDM	
to	enjoy	the	benefits	of	carbon	trading.	Few	of	them	are	as	follows:	
1. Jindal	 Vijay	 Nagar	 Steel:	 It	 has	 announced	 by	 the	 plant	 that	 with	 the	 next	 10	
years	it	will	be	able	to	sell	$	225	million	worth	saved	carbon.	This	was	made	
possible	 as	 their	 plant	 uses	 the	 corexfurance	 technology	 which	 restricts	 15	
million	tone	of	carbon	emits	into	the	atmosphere.	
2. Powerguda	 in	 Andhra	 Pradesh:	 The	 village	 in	 Andhra	 Pradesh	 sold	 147	 MT	
equivalent	 CO2	 credits.	 This	 was	 possible	 by	 extracting	 biodiesel	 from	 4500	
pongamia	trees	in	respective	village.	
3. Handia	 Forest	 in	 Madhya	 Pradesh:	 In	 Madhya	 Pradesh	 it	 is	 estimated	 that	 a	
number	of		95	very	poor	rural	villages	would	jointly	contribute					US	$	300,000	
every	 year	 from	 carbon	 emissions	 by	 restoring	 10,000	 hectares	 of	 degraded	
community	forests.	
Recently	the	UNFCCC	has	approved	world’s	largest	Concentrated	Solar	Power	(CSP)	project	
of	Reliance	Power	as	a	part	of	emissions	of	trading	scheme.	Reliance	Power	has	already	got	
CDM	registration.	This	will	allow	the	project	to	generate	and	sell	CERs	and	in	turn	Reliance	
Power	 will	 earn	 revenues.	 Its	 power	 production	 capacity	 is	 expected	 to	 be	 more	 than	
12,000	MW	with	a	potential	ability	to	generate	60	million	carbon	credits.	The	Reliance’s	
CSP	project	in	Rajasthan	is	the	largest	investment	of	this	kind	has	ever	been	made	by	any	
private	entity.	
The	Multi	Commodity	Exchange	(MCX),	largest	commodity	exchange	of	India	has	initiated	
futures	 trading	 in	 carbon	 credits	 on	 January	 2000.	 From	 11	 April	 2008,	 National	
Commodity	and	Derivatives	Exchange	(NCDEX)	also	has	been	initiated	carbon	trading.	It	is	
expected	 that	 the	 National	 Commodity	 and	 Derivatives	 Exchange	 will	 help	 Indian	
companies	 to	 earn	 more	 CERs	 from	 the	 rest	 of	 the	 world.	 According	 to	 IDBI,	 Carbon
      
Development	Newsletter	of	August	2013,	India	has	registered	1342	projects	with	UNFCCC	
and	182.505	million	CERs	already	have	been	issued	to	those	registered	projects.	
Future	Impact	on	Carbon	Trading	
First	 phase	 of	 Commitment	 made	 by	 the	 countries	 of	 Kyoto	 protocol	 ended	 on	 31	
December	 2012.	 Many	 questions	 have	 been	 raised	 about	 the	 future	 of	 the	 Clean	
Development	 Mechanism	 (CDM).	 This	 doubt	 was	 made	 clear	 in	 Durban	 where	 it	 was	
decided	 that	 Kyoto	 protocol	 will	 be	 continued	 to	 the	 end	 of	 2015	 and	 thereafter	 new	
instrument	will	be	adopted	for	carbon	trading.	Since	the	Cancun	climate	conference,	which	
was	 held	 on	 Mexico	 from	 29th	 November	 to	 10th	 December	 2010,	 CDM	 has	 been	
witnessing	several	reforms	which	would	change	this	mechanism	over	time.	These	changes	
were	further	strengthened	in	conference	of	the	parties	‘COP	17’	in	Durban	and	‘COP	18’	in	
Doha.	These	changes	will	enhance	future	of	carbon	trading	in	international	scenario.		
The	European		Union	was	committed	to	reduce	20%	greenhouse	gas	emissions	by	2020	
from	 the	 1990	 level	 as	 against	 target	 of	 5.2%	 set	 by	 Kyoto	 protocol	 by	 2012.	 But	 few	
member	countries	European		Union	have	gone	against	the	commitment	and	have	asked	to	
set	 a	 lower	 target.	 If	 it	 is	 considered	 to	 reduce	 the	 emission	 level	 then	 it	 will	 affect	
worldwide	 carbon	 trading.	 The	 report	 released	 by	 World	 Bank	 and	 the	 carbon	 expo	 at	
Cologne,	 Germany	 describes	 how	 even	 worldwide	 economic	 turbulence,	 global	 carbon	
market	 increased	 in	 2011.	 The	 largest	 segment	 of	 the	 carbon	 market	 was	 that	 of	 EU	
Allowances	 (EUAs)	 valued	 at	 $	 148	 billion.	 There	 was	 also	 a	 substantial	 increase	 in	 the	
volume	of	secondary	Kyoto‐	‐offsets	(which	grew	by	43%,	to	1.8	billion	tones	of	CO2	valued	
at	US	$	23	billion)	fueled	by	increased	in	the	Certified	Emission	Reduction	(CER)	market	
and	in	the	nascent	secondary	Emission	Reduction	Unit	(ERU)	market.	With	the	end	of	the	
past	 commitment	 period	 of	 the	 Kyoto	 protocol	 in	 2012,	 the	 post	 –	 2012	 primary	 CDM	
market	increased	by	a	robust	63%,	to	US	$	2	billion	despite	depressed	prices	and	limited	
long‐term	visibility.
      
The	 major	 carbon	 credit	 trading	 agency	 Lehman	 Brothers,	 USA	 immediately	 after	 filing	
bankruptcy	 protection	 in	 September,	 closedown	 its	 carbon	 trading	 activities	 and	 many	
others	followed	it	giving	a	knockout	blow	to	the	carbon	credit	market.	Figure	4	shows	33	%	
respondents	 expect	 that	 India’s	 CDM	 market	 will	 grow	 where	 as	 27%	 thinks	 that	 CDM	
market	will	fall.	37	%	respondents	opined	that	there	will	be	no	considerable	change	and	5	
%	 respondents	 were	 unsure	 about	 change	 in	 rate	 of	 Indian	 projects	 registered	 with	
UNFCCC	after	Second	commitment	period	of	Kyoto	protocol.	
According	to	environment	ministry	official	of	India,	initiatives	are	taken	to	earn	450	million	
carbon	credits	by	2020.	The	total	value	of	the	carbon	market	grew	by	11%	in	2011,	to	US	$	
176	billion	and	transaction	volumes	reached	a	new	high	of	$	10.3	billion	of	carbon	dioxide	
equivalent	 (CO2e)	 according	 to	 World	 Bank	 releases	 State	 and	 Trends	 carbon	 market	
report	2012.	
Meanwhile	there	are	allegations	about	malpractices	in	Carbon	Trading	in	India.	According	
to	Ayeshea	Perera,	"Millions	of	carbon	credits	traded	by	India	and	used	to	offset	emissions	
in	the	developed	world	may	not	actually	exist."		She	also	added	that	A	Wikileaks	cable	from	
2008	has	revealed	that	a	number	of	projects	that	trade	in	carbon	credits	were	ineligible	to	
do	so	and	are	not	therefore	trading	in	‘real’	credits.	The	cable	says	most	of	the	carbon‐offset	
projects	in	India	fail	to	meet	the	CDM	requirements	set	by	the	UN	Framework	Convention	
on	 Climate	 Change.	 It	 also	 describes	 the	 UN’s	 validation	 and	 registration	 process	 as	
“arbitrary”.
      
Conclusion	
Carbon	Trading	must	not	be	seen	as	a	compensatory	measure	of	developed	countries	to	
developing	countries.	The	largest	pollutant	of	environment	is	industrial	sector	as	well	as	
transport	 and	 communication	 .If	 it	 is	 thought	 that	 developed	 countries	 will	 continue	 to	
increase	 industrialization	 in	 different	 states	 and	 developing	 as	 well	 as	 underdeveloped	
countries	will	compensate	on	their	behalf,	could	not	be	a	prophetic	thought.	Environmental	
pollution	is	not	a	regional	issue,	it	is	a	global	issue.	So	the	process	of	industrialization	and	
system	 of	 manufacturing	 should	 develop	 in	 an	 environment	 friendly	 way	 so	 that	
environment	 pollution	 could	 be	 controlled.	 If	 nature	 moves	 out	 of	 control	 as	 has	 been	
witnessed	 in	 various	 parts	 of	 the	 world,	 then	 carbon	 trading	 will	 be	 useless	 and	 whole	
affect	 will	 be	 upon	 agricultural	 and	 allied	 commercial	 activity.	 In	 case	 of	 India	 a	
comprehensive	Carbon	trading	policy	is	yet	to	be	framed.	It	is	most	important,	that	such	
policy	framework	should	immediately	make.	
Reference	
1.		"India	awaits	Obama’s	stand	on	green	energy	for	carbon	trading	prospects"	by	Indronil	
Roychowdhury	:	Kolkata,	Dec	25	2008	
					available	in	http://www.financialexpress.com/news/india‐awaits‐obamas‐stand‐on‐
green‐energy‐for‐carbon‐trading‐					prospects/402646	accessed	on	4.Sptember	2013.	
2.		"Lord	Stern:	developing	countries	must	make	deeper	emissions	cuts"		by	Fiona	Harvey,	
The	Guardian,	Tuesday	4	December						2012				available	in	
url:http://www.theguardian.com/environment/2012/dec/04/lord‐stern‐developing‐
countries‐deeper‐					emissions‐cuts	
4.			ibid.	
5.			"Kyoto	Protocol"		Retrieved	Sptember	4,	2013from		
http://en.wikipedia.org/wiki/Kyoto_Protocol	
6.			"Wikileaks:	How	India	is	manipulating	
						carbon	credits"	by	Ayeshea	Perera		
						Retrieved		Sptember	4,	2013from			http://www.firstpost.com/politics/wikileaks‐how‐
india‐is‐manipulating‐carbon‐credits‐							94984.html	
7."Carbon	sink"	Retrieved	Sptember	4,2013fromhttp://en.wikipedia.org/wiki/Carbon_sink
      
4.	Green	Marketing:	Strategic	step	towards	business	excellence	
‐Bhavesh	Jha6	
Abstract	
Green	or	eco‐friendly	products	are	products	friendly	to	the	environment	and	have	a	very	
little	 or	 nil	 impact	 on	 the	 environment.	 In	 the	 last	 few	 decades,	 the	 stricter	 rules	 and	
regulation	and	global	pressure	to	mitigate	and	decrease	the	carbon	emissions	all	over	has	
encouraged	 the	 corporate	 to	 look	 into	 the	 issue	 of	 depleting	 natural	 resources	 and	
environmental	 diversity.	 These	 days,	 Green	 has	 become	 a	 password	 for	 companies	 to	
promote	 their	 products	 and	 services	 in	 the	 market.	 The	 study	 shows	 the	 consumers'	
perception	 about	 green	 or	 eco	 labelled	 products	 and	 their	 buying	 behaviour	 trends	
according	to	the	availability	or	capability	of	the	consumers.	Obviously,	an	ethical	business	
operation,	production,	and	marketing	of	green	products	pursue	a	consumer	to	change	his/	
her	buying	decision	and	their	perception	about	the	products.	Corporate	may	see	this	as	an	
opportunity	 to	 enhance	 their	 brand	 value	 and	 make	 a	 competitive	 edge	 over	 their	
competitors.	The	respondents	say	about	the	gaps	in	innovation,	research	and	development	
practices	of	government	and	corporate	and	how	they	eyewash	consumers	by	the	name	of	
green	and	sustainable	products/	services,	especially	in	the	developing	and	underdeveloped	
economies.	Through	a	proper	investment	in	research	and	development	only,	corporate	and	
governments	 would	 be	 able	 to	 enhance	 their	 environmental	 efficiency	 and	 cost	
effectiveness	in	the	market.	Awareness	and	availability	of	green	products	and	services	and	
its	positive	bearing	on	the	ecological	diversity	of	economy	can	play	a	significant	role.	There	
is	 a	 need	 of	 stricter	 policy	 measures	 and	 regulations,	 third	 party	 affect	 assessment	 and	
environmental	 auditing	 on	 the	 produced	 products.	 An	 interactive	 platform	 with	 the	
consumers	in	this	regard	to	communicate	and	eradicate	the	negativity	from	their	minds	can	
play	a	big	role	in	introducing	a	sustainable	livelihood	in	the	society	at	a	micro	level.	
JEL	Classification:	D11,	E21,	K32,	L1,	M31	
Key	Words:	Sustainable	consumption,	Eco	friendly	Products/	Services,	Perception	
Building		
	
	
                                                            
6
 Mr.	Bhavesh	Jha	is	an	MBA	in	Business	Sustainability	Management	(MBA)	from	TERI	University,	The	Energy	
&	Resources	Institute.	He	has	a	keen	interest	in	environment	and	sustainable	development,	Environmental	
and	social	impact	assessments,	innovation,	social	entrepreneurship	etc.	He	is	working	in	environmental	
sector.	He	can	be	contacted	at	bhaveshjha08@gmail.com	
 
      
1. Introduction	
Market	always	looks	for	an	opportunity	and	comes	up	with	new	products	or	services	with	
new	package	to	meet	the	needs	and	wants	of	consumers.	Green	has	become	a	password	
these	days	for	almost	each	product	or	services	to	play	upon.	No	doubt	greening	products/	
process/	services	has	become	very	significant	due	to	the	increasing	carbon	emission	and	
global	 warming's	 negative	 affect	 on	 the	 society	 and	 environment.	 Gradually	 the	 green	
oriented	awareness	among	the	people	and	their	consciousness	about	the	environmental	ill	
effect	would	play	a	crucial	role	in	forming	a	perception	about	green	and	an	eco‐friendly	
product.	The	perception	would	lead	to	a	responsible	purchasing	pattern	and	thus	the	green	
would	 become	 a	 hot	 cake	 in	 the	 market.	 Products	 with	 less	 carbon	 emission	 in	 their	
formation	have	been	in	demand.	Green	products	and	services	obviously	provide	a	value	to	
a	customer.	In	addition,	it	puts	an	extra	burden	on	the	pockets	of	consumers.	The	study	
shows	 the	 impacts	 of	 green	 products	 or	 services	 and	 different	 marketing	 variables	 like	
product,	 packaging,	 distribution,	 promotion	 etc.,	 in	 the	 consumption	 trends	 and	 buying	
behaviour.	 This	 would	 also	 deal	 with	 other	 factors	 associated	 with	 the	 buying	 decision	
process	for	a	consumer	to	consume	a	green	product	or	service.			
	
2. Literature	Review	
American	 Marketing	 Association	 defines	 green	 marketing	 as	 marketing	 of	 products	 and	
services	safe	to	environment.		This	consists	of	a	large	no.	of	activities	under	marketing	mix.	
The	 elements	 like	 product,	 place,	 pricing,	 promotion	 and	 distribution	 are	 primarily	
considered	in	the	process	of	offering	green	products	and	services	for	environmental	and	
social	benefits	viz.	to	reduce	waste,	increase	energy	efficiency,	decrease	toxic	emissions	etc.	
Over	 the	 few	 decades,	 consumers’	 environmental	 concerns	 have	 risen	 (Gerard	 and	
Edmund,	1998).	This	concern	has	pushed	corporate	to	respond	with	environment	friendly	
products,	processes,	promotion	and	distribution.	Now	green	marketing	has	become	a	part	
and	parcel	of	the	overall	corporate	strategy	(Menon	and	Menon,	1997).	Hwang,	McDonald	
and	Oates	(2008)	found	attitude/	behaviour	gap	or	values/	action	gap,	where	around	30%	
of	 consumers	 reported	 to	 have	 concern	 for	 environmental	 issues.	 But	 still	 people	 are	
struggling	 to	 translate	 this	 concern	 into	 their	 purchases	 due	 to	 various	 factors	 viz.	
Consumers' 
demographics 
(Age, gender, 
Education etc.)
Green 
Marketing 
elements 
(Product, 
packaging, 
Distribution, 
promotion etc.)
Influencing 
Purchase 
Decision
      
availability,	 options,	 value	 of	 money,	 unawareness	 about	 the	 benefits	 etc.	 Increasing	
environmental	 knowledge	 and	 information	 about	 the	 ill	 impacts	 of	 natural	 resources	
degradation	has	encouraged	this	consciousness	in	the	marketplace.	The	increasing	green	
market	segment	pushes	the	confidence	of	corporate	to	increase	their	green	activities	in	the	
products’	offering	process.	Jacquelyn	Ottman	in	his	book,	‘Green	Marketing:	Opportunity	
for	Innovation’	says	that	environmental	considerations	must	be	integrated	into	all	aspects	
of	marketing	from	the	product	development	process	to	the	communication	channels	and	
should	 be	 inclusive	 towards	 all	 the	 stakeholders.	 Consumer	 satisfaction,	 product	 safety,	
social	 acceptance	 and	 sustainability	 of	 products	 are	 few	 benefits	 of	 green	 marketing	
strategy	 (Peattie,	 1995).	 Green	 marketing	 strategy	 provides	 differentiation	 in	 terms	 of	
competitiveness,	 long	 term	 sustainable	 presence,	 synergy	 and	 brand	 visibility	 in	 the	
market.	 The	 paper	 has	 been	 written	 to	 understand	 consumer	 buying	 behaviour	 for	 eco	
friendly	products	and	address	the	concerns	for	environmental	degradation.		
3. Green	or	Responsible	Consumption	
Responsible	consumption	is	an	ethical	response	of	a	consumer	for	a	particular	product	or	
service.	 Responsible	 consumption	 covers	 a	 macro	 view	 related	 to	 different	 activities	 in	
both	 productions	 and	 consumption	 patterns.	 Some	 of	 the	 processes	 include	 recycling	 of	
materials,	 efficient	 use	 of	 energy,	 protection	 of	 environment	 and	 the	 preservation	 of	
biodiversity	 etc.	 Thus	 Green	 consumption	 starts	 with	 purchasing	 products	 essential	 and	
environment	friendly.	These	products	are	not	harmful	to	human	health	and,	save	different	
kinds	of	expenses	like	expenses	on	power,	fuel	and	disposal.	As	the	awareness	about	green	
products	 and	 services	 is	 increasing,	 the	 responses	 from	 the	 consumer	 have	 been	 very	
favourable.	 Promotions	 on	 greener	 lines	 have	 been	 capturing	 market	 rapidly.	 	 The	
responsible	 consumption	 could	 not	 only	 preserve	 our	 environment	 but	 also	 boost	 our	
economy	in	an	inclusive	manner.	
In	 this	 regards,	 some	 of	 the	 responsible	 behaviour	 of	 consumers	 and	 guidelines																												
for	a	responsible	consumption	can	be	exhibited	as:	
i. Do	 not	 purchase	 unnecessarily.	 Reconsider	 before	 you	 purchase	 a	
product:		Since	production,	process	needs	a	big	quantity	of	resources	or	
expenses,	 which	 can	 be	 saved,	 and	 the	 wastages	 as	 left	 products	 can	 be	
reduced.	
ii. Choose	a	product	which	is	more	environments	friendly:	Different	green	
labels	are	available	to	make	you	aware	about	the	substances	used	in	the	
production.	 Different	 substances	 like	 heavy	 metal,	 chlorinated	 organic	
compounds	etc.	are	very	harmful	to	environment	and	society.	
iii. Prefer	a	product	for	which	raw	materials	have	been	obtained	with	a	
minimum	 environmental	 destruction:	 In	 the	 process	 of	 obtaining	 raw	
materials,	the	conducts	of	businesses	have	been	very	unethical.	Companies
      
miss‐utilize	the	natural	resources	and	they	have	no	sense	of	responsibility	
attached	with	their	operations.	
iv. Choose	a	product	which	is	more	energy	efficient:	Products	using	natural	
resources	like	oil	or	electricity	(thermal	power)	should	always	be	chosen	
on	the	basis	of	their	energy	consumption.	Different	energy	ratings	by	BEE	
(Bureau	of	Energy	Efficiency)	in	this	regards	should	be	always	considered.	
v. Choose	a	product	which	is	easy	recyclable:	In	order	to	reduce	waste	and	
its	implications	on	the	earth	and	natural	environment.	We	should	always	
consider	 a	 product	 which	 can	 be	 easily	 recycled	 and	 does	 not	 have	 a	
negative	impact	on	disposal.	
vi. Always	try	to	choose	a	recycled	product:	Production	of	a	new	product	
with	recycled	resources	or	scraps	or	wastes	are	called	recycled	products.	
Gradually	with	increasing	awareness	levels	and	responsible	consumption	
trends	 in	 the	 market	 would	 broaden	 the	 market	 of	 producing	 recycled	
products.	
4. Importance	of	Green	Products/	Services	
Green	marketing	consists	of	different	activities	to	satisfy	the	consumers’	need	or	wants	in	
the	 market.	 Different	 elements	 are	 product	 itself,	 packaging,	 and	 distribution	 and	
promotion	activities.	Green	marketing	and	green	labelling	has	become	an	important	factor	
for	products	or	services	to	sustain	in	the	market.	Greening	the	process	in	making	a	product	
gives	an	edge	over	the	competitiveness	not	only	in	the	form	of	cost	effectiveness	but	also	
better	brand	building	and	value	generation	in	the	market.	Green	push	for	a	product	gives	a	
new	life	and	more	orientation	to	a	product	for	its	consumption.	As	increasing	awareness,	
concerns	and	importance	about	eco	friendly	goods	among	the	consumers	increasing,	the	
importance	 of	 consuming	 product	 with	 green	 label	 has	 to	 increase	 at	 a	 rapid	 pace.	 The	
responsibility	of	corporate	in	projecting	green	products	and	its	value	has	been	of	immense	
importance	in	this	situation.	Corporate	have	started	working	responsibly	on	sustainable	
solutions	with	less	carbon	emission	and	lesser	impact	on	the	environment.		
5. Case	Study:	Responsible	consumption		
Perception	of	a	consumer	always	likely	to	change	for	an	available	green	product/	service	
which	 can	 be	 evaluated	 through	 their	 buying	 decisions	 making.	 The	 questionnaire	 dealt	
with	 different	 questions	 about	 their	 awareness	 on	 this	 issue,	 their	 motives	 behind	
consumption	and	most	importantly	the	suggestions	for	different	governments/	corporate.	
The	inferences	have	been	clubbed	to	get	more	informative	analysis.	An	open	and	two	way	
discussion	and	information	sharing	based	on	questionnaire	facilitated	in	drawing	some	of	
the	inferences	because	of	their	responses.	
a. Objective
      
The	main	objective	of	the	study	is	“to	assess	the	impact	of	green	products	or	services	on	
consumption	trends”	and	“to	assess	different	factors	behind	the	green	buying	pattern	of	a	
consumer”	
b. Methodology	
i. Questionnaire:	A	questionnaire	comprised	of	15	questions	has	been	
used	to	assess	the	buying	behaviour	and	consumption	trends	for	any	
econ	friendly	product/	services	of	a	consumer.	
ii. Focussed	Group	discussions		
iii. Sample	Size:	40	people	have	been	chosen	for	this	study	from	various	
socio	economic	profiles	in	different	parts	of		Delhi		
iv. Age	Group:	The	age	group	of	the	respondents	varied	from	21	to	30	
years.	The	respondents	consist	of	students	and	professionals.	
c. Viewpoints	of	Respondents	
Q’s:	
1. Do	you	concern	for	environmental	pollution?		
2. Do	you	know	about	global	warming?	
3. Do	you	think	that	the	quality	of	natural	resources	around	you	have	been	worse?	
	
Almost	 all	 the	 respondents	 are	 aware	 about	 the	 depleting	 natural	 resources,	 they	 (80%	
respondents)	 have	 a	 concern	 for	 environmental	 pollution	 and	 90%	 respondents	 know	
about	global	warming	and	its	ill	effect.	Around	60%	respondents	says	that	the	quality	of	
natural	resources	have	gradually	depleting.	15%	respondents	have	not	given	answers	since	
they	are	not	interested	in	this	survey	and	they	simply	says	that	they	are	students	and	not	
responsible	for	global	warming	and	environmental	degradations.	
	
Q’s:	
4. Do	you	think	that	global	warming	and	its	impact	plays	a	negative	role	on	the	
society	and	environment?	
5. Do	you	know	about	green/	eco‐friendly	products?	
6. Do	you	think	that	awareness	among	the	people	about	green	products	and	
90%
10% Know 
about 
Global 
Warming
Don't Know 60%
40%
Quality of 
Natural 
resources 
depleted  
in the last 
few years
Don't know
      
services	is	very	less?	
	
Global	warming	plays	a	very	negative	role	in	the	social	and	environmental	development	
process.	 The	 depletion	 of	 natural	 resources,	 increasing	 health	 hazards	 due	 to	
environmental	 pollution	 are	 known	 to	 all	 and	 almost	 all	 the	 respondents	 have	 favoured	
this	direct	relation	of	environmental	degradation	and	a	negative	impact	on	society.	Almost	
all	 the	 respondents	 know	 about	 the	 green	 products	 but	 only	 through	 word	 of	 mouth	 or	
news.	Some	of	them	say	that	it	is	only	available	for	high	end	consumers	and	some	have	
never	seen	what	exactly	a	green	product	is.’	There	is	a	lack	of	availability	in	the	market	and	
if	available	its	cost	is	extremely	high’;	One	respondent	says.	All	the	respondents	have	talked	
about	awareness	about	these	issue	very	limited.	The	awareness	campaigns	and	knowledge	
is	not	available	in	open	public	domain	and	still	there	is	a	huge	lack	of	information	among	
the	actual	consumer	about	this	issue.	
Q’s:	
7. Do	you	think	that	your	consumption	pattern	can	play	a	big	role	in	order	to	
mitigate	the	adverse	environmental	impact?	
8. Are	you	willing	to	change	your	lifestyle	to	reduce	the	damage	on	the	
environment?	
	
Most	of	 the	 respondents	 around	70%	respondents	don’t	think	that	 their	 step	 towards	 a	
green	 consumption	 would	 play	 any	 role	 in	 mitigating	 the	 issue.	 Also	 they	 are	 not	
responsible	for	what	is	happening.	The	government	and	corporate	are	responsible	to	take	
decision	on	this	issue	and	they	should	take	strict	measures	and	policy	implementation	to	
cut	 the	 carbon	 emission	 in	 the	 production	 process.	 Same	 no.	 of	 respondents	 (70%	
responses)	says	that	they	are	not	willing	to	change	their	lifestyle.	They	all	are	surviving	at	a	
very	 low	 lifestyle	 and	 they	 can’t	 change	 since	 most	 of	 them	 are	 students	 and	 early	
professionals	who	are	not	in	a	position	to	spend	lavishly	on	these	costly	issues.	
	
Q’s:	
9. Are	you	willing	to	buy	a	more	environmentally	product	with	an	eco‐label	on	it?	
10. Have	you	ever	purchased	any	eco‐friendly	product?		
30%
70%
Individual 
livelihood pattern 
would make any 
change in 
mitigating the 
issue
70%
30%
Not willing to 
chage 
lifestyle
Willing but 
how
      
11. Does	a	higher	price	for	a	green	product	make	a	change	on	your	decision	making	
process?	
	
All	 the	 respondents	 are	 willing	 to	 purchase	 an	 eco	 friendly	 product.	 But	 it	 should	 be	
available	in	the	market	at	a	competitive	cost.	50	%	(20	respondents)	of	the	respondents	say	
that	they	have	not	yet	purchase	any	green	product.	This	shows	their	lack	of	information	
about	different	eco	labelling	information	on	products	and	knowledge	gap	on	this	issue.	A	
higher	 price	 for	 eco	 friendly	 product	 always	 plays	 a	 crucial	 role	 in	 forming	 the	 buying	
decisions.	 “The	 cost	 of	 a	 green	 product	 should	 be	 affordable	 also”;	 many	 respondents	
quoted.	
	
Q’s:	
12. Do	you	think	it	is	your	moral	responsibility	to	purchase	a	green	product?	
13. Do	you	think	that	government	and	corporate	should	more	invest	in	innovation	to	
lower	down	the	cost	of	producing	a	green	product?	
	
	“Yes,	it	is	our	collective	and	individual	responsibility	to	consume	green	products	only.”	45	
%	 (19	 respondents)	 of	 the	 respondents	 say.	 They	 also	 say	 that	 consumers	 are	 not	 at	 a	
decision	making	position	and	corporate/	producers	have	to	play	a	pivotal	role	in	producing	
green	 products	 at	 a	 reasonable	 cost.	 It	 is	 the	 responsibility	 of	 the	 governments	 and	
corporate	to	invest	in	the	innovation,	research	and	develop	green	solutions	for	the	needs	
and	wants	in	the	market.		
	
50%50%
Not yet 
purchase any 
Green product
Yes, they have 
but don't know 
whether it is 
green or not
45%
55%
Moral 
responsibility to 
consume green 
products
Don't know
      
Q’s:	
14. What	is	your	motive	behind	buying	an	environment	friendly	product?	(The	
comparatively	better	environmental	performance,	lifestyle,	Your	health,	A	good	
association	with	quality,	Consuming	green	products	make	you	feel	a	better	
quality	of	life)	
15. What	do	you	think	is	the	biggest	challenge	in	purchasing	a	green	product?	
(Expensive,	Limited	availability,	green	labelling	are	confusing/	Not	trustworthy)	
	
The	motive	behind	buying	an	environment	friendly	product	(if	they	purchase)	is	primarily	
a	good	health	and	a	better	environmental	performance.	Most	of	the	respondents	say	(65%	
of	respondents	around	25)	if	they	are	to	buy	green	products	main	motive	would	be	of	a	
good	health.	The	biggest	challenges	in	purchasing	these	products	are	expensiveness	and	
confusion	over	the	companies’	promises	for	their	products.	“Most	of	the	companies	except	
a	few	have	been	selling	their	waste	in	the	name	of	green	that	also	at	higher	costs”;	Says	few	
of	the	respondents.	Also	the	level	of	corruption,	misguidance,	unethical	business	conducts	
have	made	this	kind	of	decision	very	challenging.		
6. Hypotheses	
Various	 hypotheses	 have	 been	 defined	 broadly	 on	 the	basis	 of	 questionnaire	 and	 points	
from	focussed	group	discussions.	These	are	
i. HA1:	Respondents	have	knowledge	about	global	warming.	
H01:	Respondents	have	no	knowledge	about	global	warming.	
ii. HA2:	 Respondents	 consumption	 patterns	 could	 mitigate	 adverse	
environmental	impact.	
H02:	 Respondents	 consumption	 patterns	 could	 not	 mitigate	 adverse	
environmental	impact.	
iii. HA3:	Respondents	moral	responsibility	is	to	purchase	green	products	
H03:	 Respondents	 moral	 responsibility	 is	 not	 to	 purchase	 green	
products.	
Table‐i:	Hypothesis	Testing	(Chi‐	Square	test)	
	
Value	 df	 Asymp.	Sig.	
(2‐sided)	
Exact	Sig.	
(2‐sided)	
Exact	Sig.	
(1‐sided)	
Pearson	
Chi‐Square	
2.667a	 1	 .102	
	 	
Continuity	
Correctionb	
1.185	 1	 .276	
	 	
Likelihood	
Ratio	
2.597	 1	 .107
      
Fisher's	
Exact	Test	
	 	 	
.139	 .139	
Linear‐by‐
Linear	
Association	
2.600	 1	 .107	
	 	
N	of	Valid	
Cases	
40	
	 	 	 	
Interpretation:	
Table‐i	provides	required	information	of	Chi‐square	test.	The	value	of	Pearson	Chi‐Square	
is	2.667	and	associated	significance	value	is	.102(which	is	less	than	0.05)	with	1	degree	of	
freedom.	Therefore,	null	hypothesis	(H01)	is	rejected	and	our	hypothesis	(HA1)	is	accepted.	
Table‐ii:	Hypothesis	Testing	(Chi‐	Square	test)	
	
Value	 df	 Asymp.	Sig.	
(2‐sided)	
Exact	Sig.	
(2‐sided)	
Exact	Sig.	
(1‐sided)	
	 	 	 	 	 	
Pearson	
Chi‐Square	
.127a	 1	 .722	
	 	
Continuity	
Correctionb	
.000	 1	 1.000	
	 	
Likelihood	
Ratio	
.128	 1	 .720	
	 	
Fisher's	
Exact	Test	
	 	 	
1.000	 .505	
Linear‐by‐
Linear	
Association	
.124	 1	 .725	
	 	
N	of	Valid	
Cases	
40	
	 	 	 	
Interpretation:	
Table‐ii	shows	that	the	value	of	Pearson	Chi‐square	test	is	.127	and	associated	significance	
value	is	.722	(which	is	less	than	0.05)	with	1	degree	of	freedom.	Therefore	null	hypothesis	
(H02)	is	rejected.	Our	hypothesis	(HA2)	is	accepted	and	stands	positive.	
Table‐	iii:	Hypothesis	Testing	(Chi‐	Square	test)	
	 Value	 df	 Asymp.	Sig.	 Exact	Sig.	 Exact	Sig.
      
(2‐sided)	 (2‐sided)	 (1‐sided)	
Pearson	
Chi‐Square	
4.177a	 1	 .041	 	 	
Continuity	
Correctionb	
2.947	 1	 .086	 	 	
Likelihood	
Ratio	
4.304	 1	 .038	 	 	
Fisher's	
Exact	Test	
	 	 	 .055	 .042	
Linear‐by‐
Linear	
Association	
4.073	 1	 .044	 	 	
N	of	Valid	
Cases	
40	 	 	 	 	
Interpretation:	
Table‐	iii	depicts	that	the	Pearson	Chi‐Square	value	is	4.177	and	associated	value	is	.041,	
which	is	less	than	0.05	with	1	degree	of	freedom.	Hence,	null	hypothesis	(H03)	is	rejected	
and	alternative	hypothesis	(HA3)	is	accepted.	
7. Limitations	
The	study	has	some	limitations.	The	limitations	can	be	exhibited	as	
i. Small	size	of	sample	
ii. Many	other	related	and	important	parameters	are	missing	like	features	of	making	a	
product	green,	their	associating	factors,	energy	savings,	environmental	ratings	etc.	
iii. Many	times	the	respondents	are	not	the	decision	making	persons,	so	it	may	be	a	
hypothetical	decision	to	consider	his/	her	responses.	
	
8. Conclusion	
Increasing	 awareness	 about	 the	 environmental	 degradation	 and	 its	 ill	 effect,	 consumers	
have	 started	 consuming	 eco‐friendly	 products/	 services.	 	 The	 main	 constraint	 in	 buying	
eco‐friendly	products	has	been	the	high	cost.	Also	the	companies	producing	products	in	the	
name	of	environmentally	friendly	has	been	eyewash	for	the	consumers	and	they	don't	rely	
upon	the	fake	promotional	activities	in	the	name	of	green.	Consumers	want	their	full	value	
of	money	to	be	utilised	with	perfect	efficacy.	In	the	buying	decision	process,	they	want	their	
perception	to	be	valid	about	the	product/	organisation.	Most	of	the	consumers	if	satisfied	
with	the	brand	and	their	ethical	code	of	conduct	then	their	perception	are	unchangeable	
and	 they	 buy	 green	 labelled	 product.	 Green	 product	 and	 green	 marketing	 push	 the	
consumers	to	consume	satisfactorily.	There	is	still	a	huge	communication	and	information
      
gap	about	green/	eco	friendly	products.		The	responsible	consumption	and	buying	decision	
making	 process	 depends	 upon	 various	 factors	 such	 as	 cost	 proposition,	 perception	 and	
validity	of	products'	promise,	availability	of	products	etc.	Most	of	the	green	products	are	
not	 available	 or	 if	 available	 are	 available	 for	 high	 end	 consumers.	 Government	 and	
corporate	have	to	play	a	crucial	role	and	through	research,	innovation	and	development	of	
green	solutions	can	play	a	pivotal	role	in	pushing	consumers	to	follow	a	more	responsible	
consumption	 pattern.	 Through	 innovation	 and	 technologies,	 producers	 need	 to	 produce	
green	 products	 at	 a	 competitive	 cost.	 The	 corporate	 should	 not	 involve	 in	 any	 kind	 of	
negative	eye	washing.	Corporate	needs	to	enhance	their	ethical	conducts	of	business	and	a	
transparent	mechanism	to	tackle	these	issues.	Governments	and	policymakers	should	also	
take	 stricter	 rules	 and	 regulations	 to	 promote	 green	 practices	 in	 business	 operations.	
Moreover	 spreading	 awareness	 about	 greens	 products	 is	 much	 more	 important	 as	 this	
concept	 is	 not	 known	 by	 the	 citizen	 and	 therefore	 there	 is	 dire	 need	 to	 spread	 the	
awareness	among	the	society	through	regular	seminars,	print	media,	television	media	etc.	
This	 responsibility	 of	 making	 consumers	 aware	 about	 the	 green	 products	 is	 also	 on	
companies	 marketing	 these	 products.	 Though	 they	 have	 finest	 of	 product	 but	 without	
awareness,	their	products	are	not	reaching	to	the	ultimate	customers.		
9. References:	
i. Greendex	2012:	Consumer	Choice	and	the	Environment	–	A	Worldwide	Tracking	
Survey.	July	2012	(Online)	
ii. Chan,	R.	Y.	K.	(1999).	Environmental	Attitudes	and	Behavior	of	Consumers	in	China.	
Journal	of	International	Consumer	Marketing,	Vol.	11,	No.	4	
iii. Green	Brands,	India	Insights,	2011
      
World	Sustainability	Review	
	
	
The	review	would	disseminate	information	on	worldwide	happenings	in	the	world	as	far	as	
sustainable	practices	are	concerned.	Best	of	the	national	and	international	practices	would	
be	added	in	this	section	to	provide	a	broader	picture.	The	section	would	also	provide	a	
platform	 for	 various	 stakeholders	 to	 share	 the	 information	 and	 knowledge,	 suggest	 and	
enhance	their	understanding	about	the	same.
      
	
	
Call	for	Papers	
	
Green	 Watch	 accepts	 submission	 on	 a	 rolling	 basis.	 You	 are	 requested	 to	 contribute	
research	 papers,	 case	 studies,	 articles,	 success	 stories	 etc.	 related	 to	 green	 policies,	
environmental	 law	 and	 regulations,	 activities	 and	 initiatives,	 sustainable	 development,	
green	marketing,	environment	management,	impact	assessments,	environment	health	and	
safety,	 green	 buildings,	 environment	 management	 plan,	 energy	 efficiency,	 renewable	
energy,	 water	 conservation,	 rain	 water	 harvesting,	 climate	 change,	 clean	 development	
mechanism,	 environmental	 degradation,	 green	 marketing	 etc.	 	 Please	 send	 at	
editor.greenwatch@gmail.com		
	
	
	
	
	
	
	
Write	to	us!	
Green	 Watch	 is	 a	 monthly	 global	 not	 for	 profit	 update	 on	 policies,	 roles,	 activities	 and	
initiatives	related	to	sustainable	development.	We	attempt	to	keep	abreast	its	readers	with	
latest	 information	 on	 various	 developments	 taking	 place	 in	 the	 area	 of	 sustainable	
development.	If	you	have	any	news/	information	related	to	green	policies,	programmes,	
initiatives,	 technology	 and	 innovation,	 success	 stories	 or	 any	 other	 relevant	 information	
etc,	you	would	like	to	share	with	the	worldwide	green	community.	Please	do	send	those	to	
us:	E‐mail:	editor.greenwatch@gmail.com				
Disclaimer	
The	views	or	opinions	expressed	in	various	articles	are	of	authors.		
	
Contact	Us	
We	welcome	your	feedback	/comments,	ideas	/suggestions	or	queries.	
Green watch
(Let’s think green!)
B3,	A80/81,	Pandavnagar,		
New	Delhi	110092,	
India	
Email:	editor.greenwatch@gmail.com		
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Green watch

  • 1.        Green watch (Let’s think green!) Volume 1; October 2015            ISSN:XXXXXXXX  
  • 2.        Editor’s desk Green Watch is a youth initiative of few of the researchers, marketers in environment industry. Importance of environmental protection, afforestation, biodiversity, conservation of natural resources has become crucial these days. Environmental degradation, depletion of natural resources, carbon footprint, GHG emissions, natural disasters etc. have become cause of immense concern in front of world community. It is the responsibility of all the stakeholders to save mother earth against all the evil business practices happening worldwide. There is a lack of knowledge and awareness about various ill effects, human and other species can face due to environmental degradation. Compliance of green policies and careful consideration of all the factors relating to sustainability is the need of the hour. Gradually the environmental policies, regulation and environmental policy compliance are getting stringent. Various initiatives, policies and programmes are undertaken in the process of disseminating the information about environmental impacts and make the stakeholders aware about it. Consideration of people, planet and profit (3Ps) provides the basis of sustainable development. Satisfaction of all the stakeholders and care for environment is the strategy for any business to sustain in a long run. Policy of reduce, reuse and recycle should always be in focus in the business processing. For a prosperous green world, governments, businesses and civil society organizations with other stakeholders must come forward to tackle this challenge of climate change. The initiative thus taken by Green Watch in order to disseminate information and knowledge, enhance awareness about sustainability management practices all over among all the stakeholders. This global monthly update would try to report various activities, initiatives, green innovation and technology, case studies, promotion of green enterprises, policy analysis, address the roles regarding natural resources management, renewable energy, sustainable development, green marketing, responsible business management etc. Vision To become an international environmental knowledge dissemination platform for various stakeholders in the process of making a green and prosperous planet Mission:  To make the community aware about environmental issues  To motivate green enterprises and provide a platform to share, network and broaden the scope of green business operations  To contribute in the process of meeting millennium development goals (MDGs) Editor
  • 3.        Contents 1. Sustainability: Going Back to the Nature! ‐Dr. P. Koshy ……………………………………………………………………………………………….. 2. Electronic Waste Generation in India ‐Bhavesh Jha ………………………………………………………………………………………………. 3. Carbon Trading In India – Issues And Prospects ‐Mr. Suman Roy Barman, Amlanbrata Chakraborty................................................ 4. Green Marketing: Strategic step towards business excellence ‐Mr. Bhavesh Jha............................................................................................................... 5. World Sustainability Review
  • 4.        1. Sustainability: going back to the nature! ‐Dr. P. Koshy1 Going out and travelling in public transport, in order to make arrangements for Green Enterprise Summit, that we planned to organise on June 23 in New Delhi, faced a setback owing to extreme heat, some of us getting dehydrated and if not a sun stroke! Thus, we postponed the Summit to August 4. We were unable to move in the sun to make the arrangements. Many suggested organising it in June would be disastrous as there would be very low turnout. My colleagues at Samadhan Foundation were also finding it difficult to face the sun. Climate change, depletion of ozone layer, green house gases etc are not few key words related to environmental sciences but a reality. Summer was too harsh for the people across India this year, especially in the Northern region. Together with power cuts and power shortage, life was really miserable. People often refuse to come out during the day time, except those who have no other option, who are poor, rickshaw pullers, informal sector workers, manual labourers, marketing and sales people and several others who have no other option other than that. Climate has changed so much. Winter in Delhi was really so harsh last time. Anita, my wife, who is a journalist in Muscat, came to Delhi to enjoy the winter season kept on telling me that ‘she is finding it difficult’ and was ill throughout her vacation. Climate change is a reality! What is happening now seems to be a test dose! The climate and temperature would be at extreme poles in the years ahead. Therefore, living an environment friendly life is something that is being advocated. What can we do at individual levels to address the issue? It could be from using public transport, whenever it is possible to avoiding printing of unnecessary papers that we can surely be avoided are just two examples. Adoption of green practices can come into all aspects of our life. It is not a question of adoption for a few polluting industries alone.                                                              1Dr. P. Koshy is director of Institute of enterprise development & research. He has great interest and has been working for sustainable development and green practices for many years. He can be contacted at caushie@gmail.com  
  • 5.        When we buy food in the street, many office goers do that in the cities these days, eat our lunch on a plastic platter. After eating, it is being thrown into some waste water flowing river or some street corner. We are all contributors to this clutter. After a marriage party, the remaining waste, that include, chicken – mutton and other food wastes are often being dumped into a small water flow, which is semi dry or in a river which has little water. So is the case with several of tourism business focused five star or 3 star and other hotels. We can imagine what would be the end product, when waste is being pumped in tonnes to a static water body. Chickengunia, Dungy and viral infections of several other names are very common in our society. Managing organic waste properly is one of the challenges faced by Municipal administrations across the country. We need to look at the question of sustainability of our society. How long we can have an economy where we will have to keep on pumping money heavily during a recession in infrastructure development projects, in most cases which do not make any sense? More investment for smooth passage of fast moving vehicles, and 8 lane high ways have become a priority rather than strengthening the public transport system. It is something like the lopsided priority of our planning commission apparatus headed by Montek Alhuwalia, who spent 3.5 million for toilet renovation at his office, when, crores of Indians defecate in public and use street corners and open space as their toilet. An efficient public transport system would drastically bring down CO2 emissions. When people opt for local trains, metro trains, trams and buses etc, cars and two wheelers plying on the road would be reduced significantly. No study is required to prove this. Delhi Metro is the best case in this regard. However, throughout the world trend is to expand the economic activities and create jobs somehow thorough all possible investments and expansion of physical infrastructure. But creating green jobs is the challenge of future innovators and entrepreneurial class. Building the biggest structure is where the competition for and hidden corporate agenda and national agendas of governments lies. Planners have to focus on planning for building a green economy rather than doing things which are not really their jobs, like Montek Singh Ahluwalia working for the cause of FDI in retail causing the destruction of millions of street vendors, small retail sector which use very minimal power and still help move this country unlike the large retail chains who would contribute more harm to the environment. In
  • 6.        Germany and in several parts of the world, even in the US, people are against WALMART not just for their contribution to jobless growth but also for environmental related reasons. WALMART is almost out from Germany but Montek wants them in India. It has nothing much to do with a sustainable development agenda but seems like more of personal agenda and doing a consultancy job. But when my friend Sudharshan George who is resettling in India after living in Germany for over a period of 14 years refuse to buy a private vehicle. He is living in Hyderabad and using public transport. Similarly, my cousin who came back to Banglore after a period 10 years of stay in US, Bindu and Sanjay, insist on travelling in public transport. But, many of us are finding it difficult without a private vehicle. Air Conditioners: are they really required? Will ACs enhance our efficiency? I am not sure. But Air‐ Coolers will gradually disappear, if the trend continues! Greening the earth is a challenge. Going to offices using buses, metro rail/local train, bicycles and using air coolers rather than ACs are just few areas at personal level we can contribute in protecting the environment and a sustainable green future!
  • 7.        2. Electronic Waste Generation in India ‐Bhavesh Jha2 Abstract Increasing use of information technology and day to day new innovations in technological sector has increased a hidden burden on the social and environmental front. Changing lifestyles and increasing demand of white goods around the world have increased technological obsoleteness every day. Managing outlived waste electrical and electronics equipment have become a big challenge for the government and private sector entities. With a boom in IT sector and rapid industrialisation, Indian electronic waste market is increasing at a rate of 20% per annum. Different studies show about this increasing trend in the major cities. Electronic waste inventory management at the local level is a big headache for governments. Most of the electronic wastes come to informal sector recyclers. Many of the reasons include a better price for consumer. But the handling, abstraction and disposal system of an informal recycler is very unhygienic for the environment. Strict enforcement of different laws on producers’ responsibility and awareness generation among the huge informal sector workforce about the hazardous impact of e waste, safe handling practices etc. are of immense importance. Governments and nongovernmental organisations will have to work on a strategy to mitigate the negative impacts of electronic waste in the society. Key Words: Consumerism, WEEE, Technological Obsoleteness, Electronic Waste, Techno Trash, Waste Inventory, Environmental hazards, Waste Scenario, Management Consumerism and E waste The increasing economic growth and changing consumption trends worldwide have resulted in a significant rise in the disposable incomes and consumers’ propensity to spend. The advancement in technology and changing lifestyle, status or perception of consumers has driven this demand of electronic items. Consumers’ dependency on information and                                                              2 Mr. Bhavesh Jha is an MBA in Business Sustainability Management (MBA) from TERI University, The Energy & Resources Institute. He has a keen interest in environment and sustainable development, Environmental and social impact assessments, innovation, social entrepreneurship etc. He is working in environmental sector. He can be contacted at bhaveshjha08@gmail.com
  • 8.        communication technology has been increasing very rapidly. The new innovations in information technology because of the rising demand for higher efficiency and productivity in the businesses and work have become a matter of day to day life. Technologies which were new yesterday have become obsolete for today. The increase in demand for “White Goods segment” i.e. on consumer durables such as television sets, microwave ovens, calculators, air‐conditioners, servers, printers, scanners, cellular phones, computers etc. is for obvious. Thus, there can be broad range of waste electric and electronic goods which have outlived their use, ready for disposal. These contain chemical materials considered hazardous for human well beings and natural environment. The increasing rate of waste electronic products and additionally the illegal import of junk electronics from abroad create a complex scenario for solid waste management in India. According to Ministry of environment and forest (MoEF), E‐waste is such waste comprises of wastes generated from used electronic devices and household appliances which are not fit for their original intended use and are destined for recovery, recycling or disposal. Indian e waste trends & Scenario The Indian electronic waste industry is booming at a very rapid pace. It is expected to be increasing at a rate of 20% annually. With increasing per capita income, changing life styles and revolutions in information and communication technologies, India is the second largest electronic waste generator in Asia. India is generating around 4, 00,000 tones of electronic waste per year according to Ministry of Environment and Forest MoEF. Not only this, it gets around 50,000 tones of e waste through illegal means of imports. According to a report on electronics market, TATA Strategic Management Group says that India is expected to have 11% share in global electronic market by 2020. MoEF’2012 report says that Indian electronic waste output has jumped 8 times in the last seven years i.e. 8, 00,000 tones now. India has majorly two types of electronic waste market called organized and unorganized market. 90% of the electronic waste generation in the country lands up in the unorganized market. And out of this only 5.7 % of e waste is recycled. Electronic waste accounts for 70% of the overall toxic wastes which are currently found in landfills which is posing toxic chemical contamination in soil and other natural
  • 9.        resources. Another report from Central Pollution Control Board CPCB says that around 36,165 hazardous waste generating industries in India accounts for 6.2 million tones of toxic wastes every year. Indian PC industry is growing at a rate of 25% annually as per MAIT study. Out of the total electronic waste generation in India, only 40 % of these are taken into the recycling processes and rest 60% remains in warehouses due to inefficient and poor collection systems. Generally, people hand over electronic waste to unauthorized recycling centres/ scrap dealers etc. for quick money. The e‐waste scrap is managed through various management alternatives such as reuse of equipment from second hand dealers, back yard recycling (manual dismantling and segregation into plastic, glass and metal) and finally into the municipal dumping yard. MAIT (Manufacturers Association for Information Technology) study says that waste from discarded electronics will rise dramatically in the developing world within a decade, with computer waste in India alone to grow by 500 per cent from 2007 levels by 2020. Over 100,000 tonnes from refrigerators, 275,000 tonnes from TVs, 56,300 tonnes from personal computers, 4,700 tonnes from printers and 1,700 tonnes from mobile phone. Techno‐Trash The electronic waste due to Computer waste also called techno trash is becoming most significant of all e‐waste due to the quantity as well as the fast generation rate. The computer hardware sector has displayed an unusual growth in the past few years maintaining pace with the rapid growth in the software sector. The continuous innovations and technological up gradations in the hardware segment, obsolescence risk remains a key area of concern for companies that have made huge investments in their IT systems. Management Managing Electronic waste has become a very big challenge. The increasing environmental concerns and ill effects of electronic waste on natural resources (soil, air, water etc.) and community at large has become an important issue to deal with. The governments and private sector organisations will have to play a crucial and responsible role in order to properly manage electronic waste. Proper inventorisation and management at local levels
  • 10.        has been very necessary in order to reduce the negative impacts of e waste in human livelihood. Government and private players can tie up with different NGOs working in this sector and get consultation with different E‐waste experts. Through a proper assessment of unorganised small scale industrial houses, they may get the actual loopholes in the system. Safe handling and disposal trainings should be provided to the unorganised recyclers. Different awareness programmes and reach to the grass roots level unorganised sector recyclers can play a pivotal role in efficiently managing e waste. References i. MAIT‐ GTZ E Waste Study Summary http://ewaste.mait.com/wp‐ content/uploads/2012/04/MAIT‐GTZ‐e‐Waste‐study‐summary.pdf, (Online) ii. April 4, 2012, The times of India (http://articles.timesofindia.indiatimes.com/2012‐ 04‐04/pollution/31286986_1_total‐e‐waste‐automatic‐dispensers‐electronic‐tools), (Online) iii. E Waste Management Report, UNEP; http://www.unep.or.jp/ietc/GPWM/data/T3/EW_1_2_WEEE_EwasteMngtRprt.pdf, (Online) iv. E Waste in India; Toxics link; http://www.toxicslink.org/docs/06040_repsumry.pdf, (Online) v. Sustainable Development in India: MoEF, 2011, http://www.uncsd2012.org/content/documents/Sust_Dev_Stocktaking.pdf, (Online)
  • 11.        3. Carbon Trading In India – Issues and Prospects ‐Mr. Suman Roy Barman3 ‐Mr. Amlanbrata Chakraborty4 Abstract Global warming is changing the global climate much faster, affecting living organisms. Environmentalist, policymakers and general public are emphasizing on global policy for protecting natural environment. But despite such emphasis a uniform consensus is yet to be made. Emission of Carbon dioxide to a huge quantity is mainly responsible for Green House Gas (GHG) production as well as global warming. Carbon trading is the way through which global warming can be reduced to a large extent. Carbon trading is thought to be an alternative to limit the emission level of GHG, as resolved in the Kyoto protocol. The main issue of Kyoto protocol has been to control emissions of Green House Gases (GHG) from various industrial units throughout the world. The purpose of this paper is to analyze prospects of carbon trading in India as well as the related issues. Key Words: Carbon trading, GHG, global climate, global warming, Kyoto protocol Introduction In recent years global warming has been the main cause of global climate change. The term global warming is a process. It is stated that the sun's radiation comes along with light and heats up our planet. Radiation that is coming is absorbed and it warms the earth and goes back into space in the form of infrared radiation. Some of the outgoing infrared radiation is actually trapped inside in our atmosphere. Due to this phenomenon, our environment maintains certain temperature but problem occurs when the majority of the infrared radiation is trapped inside atmosphere and it increases the temperature and atmosphere worldwide. This phenomenon causes climate change. Global warming is having serious affects and consequences and these are sea water level rise, droughts, floods, storms, and heat waves and tsunami. Developing countries are usually less prepared in facing                                                              3 Mr. Suman Roy Barman is a research scholar, Dept. of Management, Monad University, Uttar Pradesh. He can be contacted at srb_agt@rediffmail.com 4 Mr. Amlanbrata Chakraborty is a research scholar, Dept. Of Commerce, Tripura University, Tripura. He can be contacted at chakrabortyamlanbrata606@gmail.com  
  • 12.        environmental consequences. Developing countries are likely to be affected by volatile crop production and ecosystem. The factors contributing to global warming are excessive emissions of carbon dioxide and other GHGs such as methane, nitrous oxide, sulphur hexafluoride, hydro fluro carbon. To save the planet from the impact of climate change, it is necessary to lessen the levels of emissions of GHG to a large extent. To accomplish the objective the concept of CDM (Clean Development Mechanism) came into existence. In 1997, the Kyoto protocol organized by the United Nation's Framework Convention on Climate Change in Kyoto with an aim to reduce emissions of green house gases and 184 countries became committed to that protocol. The agreement came into force on 16th February 2005. It was decided that, if commercial industries emit more than the permitted limit of carbon dioxide, should lower their emissions as per the prescribed limits, otherwise they should buy carbon credits certificates. There is a provision that carbon credits can be sold or bought in the market; if not then carbon tax will be charged. It is presumed that developed countries have been mainly responsible for the high levels of greenhouse gases emissions. So on basis of that emission level accountability is likely to be assigned. The major resolution of Kyoto protocol is carbon trading, Clean Development Mechanism (CDM) and Joint Implementation (JI). Objectives The objectives of the present paper are: 1. To study the issues and challenges associated with carbon trading in India. 2. To know the prospects of carbon trading of Indian Industries. Review of Literature S.P Gonchaudhury, green environmentalist of India and also the Managing Director of West Bengal Green Energy Development Crop said, "The sentiments would be bullish for carbon trading, Barak Obama, the US President shows a bit of aggressiveness on the issues". Tim Groser, Climate Minister of New Zealand stated, "it is time for green groups around the world to start to analyze climate change problem on the basis of not of the rhetoric of the 90s, but sum numerical analysis of where the problem lies today".
  • 13.        Lord Nicholas Stern, former World Bank’s Chief Economist also opined that, "poorer countries along with China and India must step up to their responsibilities. It is a brutal arithmetic – the changing structure of the world’s economy has been dramatic. That is something developing countries will have to face up". Research Methodology Secondary data has been used from various sources to analyze the current position of carbon trading in India. The descriptive study has been used in this paper. Carbon Trading Throughout the World The United Nations Framework Convention on Climate Change (UNFCCC) has divided countries/signatories of the Kyoto protocol under two major groups. Annex– 1 Countries, including United States of America, United Kingdom, Japan, New Zealand, Canada, Australia, Austria, Spain, France and Germany etc. Fourty‐one countries agreed to reduce greenhouse gas emissions by 5.2% below their 1990 emissions levels. Annex– 2 countries, which are in a sub group of Annex‐1 countries, include 24 countries but except countries with ‘Economies In Transition’ (EITs). Annex – 2 countries are committed to buy emission credit from developing countries if they fail to reduce predetermined emission levels. Developing countries fall under the category of Non‐Annex‐ 1 countries, including India, Sri Lanka, Afghanistan, China, Brazil, Iran, Kenya , Kuwait , Malaysia, Pakistan, Philippines, Saudi Arabia, Singapore, South Africa etc. A number of 145 countries do not have any immediate restrictions under the UNFCCC. However this classification is aimed towards a number of certain purposes. i. To avoid restrictions on growth, as pollution is strongly linked to industrial growth, and developing economies could possibly grow fast. ii. To restrict above mentioned countries in selling emissions credits to industrialized nations to permit those nations to over ‐pollute. iii. iii. To avail of money and technologies from the developed countries as listed in Annex –2.
  • 14.        Signatories of the Kyoto protocol (Annex – 2 countries) committed to limit emissions and emission reduction targets. These predetermined targets are termed as Assigned Amount Units (AAUs), intended to meet stated objectives during 2008 – 2012. Emission trading allows countries; those have emission units in excess, to sell these excess units to countries those are over their targets. A Removable Unit(RMU) means an emission allowances which are produced in addition to Assigned Amount Units (AAUs), as a result of an increase in the National Sink Performance5 Aforestation and Reforestation are the parameters based on which ‘A Removable Unit’ (RMU) is calculated. After completion of Joint Implementation (JI) projects between two industrialized countries, Emission Reduction Units (ERU) certificates are issued. A Certified Emission Reduction (CER) certificates derive after successful completion of CDM projects. Every signatories under the Kyoto protocol are needed to maintain reserves along with ERUs and CERs. Carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O), hydro fluorocarbons (HFCs), perflurocarbons (PFCs) and sulphur hexafluoride (SF6) are main six greenhouse gases ,those are required to be reduced by the countries as was agreed in Kyoto. Quotas have been fixed for all countries (except Non‐Annex 1 countries) to emit the GHGs in the air. To encourage green environment friendly business activities, carbon credits and carbon offset were introduced. The concept of carbon credit or carbon emission allowance developed in implementation of Clean Development Mechanism (CDM). One carbon credit permits one tone of carbon dioxide (CO2) or other GHGs to be emitted in the air. Let us consider an example,a coal‐based company which is generating power, is in fact generating one tone carbon dioxide for each one kilowatt power. The same company may produce one kilowatt power through windmill then it reduces one tone CO2. For one tone reduction in generation of carbon‐ ‐dioxide one carbon credit or carbon emission allowance to be given to the country which reduced carbon dioxide emission, in way of certificates, who less pollutes the environment by one tone carbon dioxide. Industries those exceed or cross the limits of prescribed quotas must buy carbon credit for excess discharge of GHGs, while                                                              5 A carbon sink is a natural or artificial reservoir that accumulates and stores some carbon‐containing chemical compound for an indefinite period. The process by which carbon sinks remove carbon dioxide (CO2) from the atmosphere is known as carbon sequestration. available in http://en.wikipedia.org/wiki/Carbon_sink
  • 15.        those below prescribed limits can sell their carbon credits. Under international emission trading mechanism countries have been enabled to trade in the international carbon trading or carbon emission allowance market. For this purpose exchanges (like stock exchange) have been established. According to Table 1 Total number of projects registered with UNFCCC is 7128 up to July 2013.Total Number of registered projects in India is 1342 and total number of CER s issued to Indian Projects is 182.55Mn.China covers 51.64% of total number of projects registered with UNFCCC, India accounted for 18.83% and Brazil covers 4.21% of the total registered projects during 31st July, 2013. Carbon trading encouraging worldwide industries to reduce harmful emissions of greenhouse gases to make the planet more eco‐ friendly and thus industries are becoming more financially sound by selling carbon credits. From the Figure1, it is evident that United Kingdom (31.07 % ) is the major investor in CDM followed by Switzerland ( 20.78 % ) and Japan (9.47 %) respectively. Many industries showing their interest to adopt carbon trading toll and governments are also taking initiatives to reduce greenhouse gas emissions. Carbon trading is a collective global effort to conduct green business with a minimum adverse effect on our environment. According to the Bloomberg New Energy Finance (BNEF) report, global carbon market fell by 36% in 2012 to 61billion euro. The Table 1 also indicates the position of CDM projects. China leads with 3681 registered projects followed by India 1342 projects and Brazil 300 projects respectively.
  • 16.        Figure 2 shows China is the biggest CER supplier in Asia. India and South Korea hold second and third positions respectively. According to FIGURE 3, China holds no.1 position with 59.9 % of CER supply followed by India 14.7 % and Republic of Korea with 9.1% respectively. As on 31st of July 2013, data released by UNFCCC‐ ‐1,365,586,552 CERs were issued. Out of 7590 CDM project 7128 projects are registered, 89 projects are requested for registration, 343 projects are pending for publications and 28 projects are requested for review whereas 2 are requested for corrections.
  • 17.        Indian Scenario in Carbon Trading As per the Kyoto protocol to the United Nations Framework Convention on Climate Change, India falls under Non‐Annex 1 countries. UNFCCC has not impose any targets on India as it is a developing country. India signed and approved the protocol in August, 2002 and has been playing a major role in reduction of greenhouse gases by accepting Clean Development Mechanisms (CDMs). India has become a global leader in the global carbon credits market. Data issued by IDBI Bank as on 31st of July 2013, India had 1342 registered projects approved by UNFCCC and 43 new CDM projects from India were registered with UNFCCC. During the month 0.8 million CERs where issued to Indian CDM projects. Indian CDM projects have cumulatively received 182.55 million CER as at the end of July 31, 2013.According to environment and forests Ministry of India, it has already made investments to generate above 30 million carbon credits annually up to 2012. More than 90% of its trade depends on the US and European Union's issuance of carbon emission reduction (CER) certificates or carbon credits.India is the world's second‐largest carbon dioxide discharger and it is expected that within 2020 GDP growth will be between 8 and 9%. By 2020 India is expected to contribute 6% of global emissions. World Bank released that the total value of the carbon market grew by 11% in 2011. Last year global carbon
  • 18.        credit trading was estimated at $ 5 billion. India has surplus carbon credits to sell to developed countries. Industrial harmful products are mainly responsible for increase in greenhouse gases by 60 to 70%, which adversely affect the ozone layer. Steel, cement, power, textile, fertilizer etc. Industries emit greenhouse gases in the air. Chemical plants, windmill, biodiesel, bio gas, waste disposal units, plantation companies can generate carbon credits and earn money. Many Indian companies are showing their interest in CDM to enjoy the benefits of carbon trading. Few of them are as follows: 1. Jindal Vijay Nagar Steel: It has announced by the plant that with the next 10 years it will be able to sell $ 225 million worth saved carbon. This was made possible as their plant uses the corexfurance technology which restricts 15 million tone of carbon emits into the atmosphere. 2. Powerguda in Andhra Pradesh: The village in Andhra Pradesh sold 147 MT equivalent CO2 credits. This was possible by extracting biodiesel from 4500 pongamia trees in respective village. 3. Handia Forest in Madhya Pradesh: In Madhya Pradesh it is estimated that a number of 95 very poor rural villages would jointly contribute US $ 300,000 every year from carbon emissions by restoring 10,000 hectares of degraded community forests. Recently the UNFCCC has approved world’s largest Concentrated Solar Power (CSP) project of Reliance Power as a part of emissions of trading scheme. Reliance Power has already got CDM registration. This will allow the project to generate and sell CERs and in turn Reliance Power will earn revenues. Its power production capacity is expected to be more than 12,000 MW with a potential ability to generate 60 million carbon credits. The Reliance’s CSP project in Rajasthan is the largest investment of this kind has ever been made by any private entity. The Multi Commodity Exchange (MCX), largest commodity exchange of India has initiated futures trading in carbon credits on January 2000. From 11 April 2008, National Commodity and Derivatives Exchange (NCDEX) also has been initiated carbon trading. It is expected that the National Commodity and Derivatives Exchange will help Indian companies to earn more CERs from the rest of the world. According to IDBI, Carbon
  • 19.        Development Newsletter of August 2013, India has registered 1342 projects with UNFCCC and 182.505 million CERs already have been issued to those registered projects. Future Impact on Carbon Trading First phase of Commitment made by the countries of Kyoto protocol ended on 31 December 2012. Many questions have been raised about the future of the Clean Development Mechanism (CDM). This doubt was made clear in Durban where it was decided that Kyoto protocol will be continued to the end of 2015 and thereafter new instrument will be adopted for carbon trading. Since the Cancun climate conference, which was held on Mexico from 29th November to 10th December 2010, CDM has been witnessing several reforms which would change this mechanism over time. These changes were further strengthened in conference of the parties ‘COP 17’ in Durban and ‘COP 18’ in Doha. These changes will enhance future of carbon trading in international scenario. The European Union was committed to reduce 20% greenhouse gas emissions by 2020 from the 1990 level as against target of 5.2% set by Kyoto protocol by 2012. But few member countries European Union have gone against the commitment and have asked to set a lower target. If it is considered to reduce the emission level then it will affect worldwide carbon trading. The report released by World Bank and the carbon expo at Cologne, Germany describes how even worldwide economic turbulence, global carbon market increased in 2011. The largest segment of the carbon market was that of EU Allowances (EUAs) valued at $ 148 billion. There was also a substantial increase in the volume of secondary Kyoto‐ ‐offsets (which grew by 43%, to 1.8 billion tones of CO2 valued at US $ 23 billion) fueled by increased in the Certified Emission Reduction (CER) market and in the nascent secondary Emission Reduction Unit (ERU) market. With the end of the past commitment period of the Kyoto protocol in 2012, the post – 2012 primary CDM market increased by a robust 63%, to US $ 2 billion despite depressed prices and limited long‐term visibility.
  • 20.        The major carbon credit trading agency Lehman Brothers, USA immediately after filing bankruptcy protection in September, closedown its carbon trading activities and many others followed it giving a knockout blow to the carbon credit market. Figure 4 shows 33 % respondents expect that India’s CDM market will grow where as 27% thinks that CDM market will fall. 37 % respondents opined that there will be no considerable change and 5 % respondents were unsure about change in rate of Indian projects registered with UNFCCC after Second commitment period of Kyoto protocol. According to environment ministry official of India, initiatives are taken to earn 450 million carbon credits by 2020. The total value of the carbon market grew by 11% in 2011, to US $ 176 billion and transaction volumes reached a new high of $ 10.3 billion of carbon dioxide equivalent (CO2e) according to World Bank releases State and Trends carbon market report 2012. Meanwhile there are allegations about malpractices in Carbon Trading in India. According to Ayeshea Perera, "Millions of carbon credits traded by India and used to offset emissions in the developed world may not actually exist." She also added that A Wikileaks cable from 2008 has revealed that a number of projects that trade in carbon credits were ineligible to do so and are not therefore trading in ‘real’ credits. The cable says most of the carbon‐offset projects in India fail to meet the CDM requirements set by the UN Framework Convention on Climate Change. It also describes the UN’s validation and registration process as “arbitrary”.
  • 21.        Conclusion Carbon Trading must not be seen as a compensatory measure of developed countries to developing countries. The largest pollutant of environment is industrial sector as well as transport and communication .If it is thought that developed countries will continue to increase industrialization in different states and developing as well as underdeveloped countries will compensate on their behalf, could not be a prophetic thought. Environmental pollution is not a regional issue, it is a global issue. So the process of industrialization and system of manufacturing should develop in an environment friendly way so that environment pollution could be controlled. If nature moves out of control as has been witnessed in various parts of the world, then carbon trading will be useless and whole affect will be upon agricultural and allied commercial activity. In case of India a comprehensive Carbon trading policy is yet to be framed. It is most important, that such policy framework should immediately make. Reference 1. "India awaits Obama’s stand on green energy for carbon trading prospects" by Indronil Roychowdhury : Kolkata, Dec 25 2008 available in http://www.financialexpress.com/news/india‐awaits‐obamas‐stand‐on‐ green‐energy‐for‐carbon‐trading‐ prospects/402646 accessed on 4.Sptember 2013. 2. "Lord Stern: developing countries must make deeper emissions cuts" by Fiona Harvey, The Guardian, Tuesday 4 December 2012 available in url:http://www.theguardian.com/environment/2012/dec/04/lord‐stern‐developing‐ countries‐deeper‐ emissions‐cuts 4. ibid. 5. "Kyoto Protocol" Retrieved Sptember 4, 2013from http://en.wikipedia.org/wiki/Kyoto_Protocol 6. "Wikileaks: How India is manipulating carbon credits" by Ayeshea Perera Retrieved Sptember 4, 2013from http://www.firstpost.com/politics/wikileaks‐how‐ india‐is‐manipulating‐carbon‐credits‐ 94984.html 7."Carbon sink" Retrieved Sptember 4,2013fromhttp://en.wikipedia.org/wiki/Carbon_sink
  • 22.        4. Green Marketing: Strategic step towards business excellence ‐Bhavesh Jha6 Abstract Green or eco‐friendly products are products friendly to the environment and have a very little or nil impact on the environment. In the last few decades, the stricter rules and regulation and global pressure to mitigate and decrease the carbon emissions all over has encouraged the corporate to look into the issue of depleting natural resources and environmental diversity. These days, Green has become a password for companies to promote their products and services in the market. The study shows the consumers' perception about green or eco labelled products and their buying behaviour trends according to the availability or capability of the consumers. Obviously, an ethical business operation, production, and marketing of green products pursue a consumer to change his/ her buying decision and their perception about the products. Corporate may see this as an opportunity to enhance their brand value and make a competitive edge over their competitors. The respondents say about the gaps in innovation, research and development practices of government and corporate and how they eyewash consumers by the name of green and sustainable products/ services, especially in the developing and underdeveloped economies. Through a proper investment in research and development only, corporate and governments would be able to enhance their environmental efficiency and cost effectiveness in the market. Awareness and availability of green products and services and its positive bearing on the ecological diversity of economy can play a significant role. There is a need of stricter policy measures and regulations, third party affect assessment and environmental auditing on the produced products. An interactive platform with the consumers in this regard to communicate and eradicate the negativity from their minds can play a big role in introducing a sustainable livelihood in the society at a micro level. JEL Classification: D11, E21, K32, L1, M31 Key Words: Sustainable consumption, Eco friendly Products/ Services, Perception Building                                                              6  Mr. Bhavesh Jha is an MBA in Business Sustainability Management (MBA) from TERI University, The Energy & Resources Institute. He has a keen interest in environment and sustainable development, Environmental and social impact assessments, innovation, social entrepreneurship etc. He is working in environmental sector. He can be contacted at bhaveshjha08@gmail.com  
  • 23.        1. Introduction Market always looks for an opportunity and comes up with new products or services with new package to meet the needs and wants of consumers. Green has become a password these days for almost each product or services to play upon. No doubt greening products/ process/ services has become very significant due to the increasing carbon emission and global warming's negative affect on the society and environment. Gradually the green oriented awareness among the people and their consciousness about the environmental ill effect would play a crucial role in forming a perception about green and an eco‐friendly product. The perception would lead to a responsible purchasing pattern and thus the green would become a hot cake in the market. Products with less carbon emission in their formation have been in demand. Green products and services obviously provide a value to a customer. In addition, it puts an extra burden on the pockets of consumers. The study shows the impacts of green products or services and different marketing variables like product, packaging, distribution, promotion etc., in the consumption trends and buying behaviour. This would also deal with other factors associated with the buying decision process for a consumer to consume a green product or service. 2. Literature Review American Marketing Association defines green marketing as marketing of products and services safe to environment. This consists of a large no. of activities under marketing mix. The elements like product, place, pricing, promotion and distribution are primarily considered in the process of offering green products and services for environmental and social benefits viz. to reduce waste, increase energy efficiency, decrease toxic emissions etc. Over the few decades, consumers’ environmental concerns have risen (Gerard and Edmund, 1998). This concern has pushed corporate to respond with environment friendly products, processes, promotion and distribution. Now green marketing has become a part and parcel of the overall corporate strategy (Menon and Menon, 1997). Hwang, McDonald and Oates (2008) found attitude/ behaviour gap or values/ action gap, where around 30% of consumers reported to have concern for environmental issues. But still people are struggling to translate this concern into their purchases due to various factors viz. Consumers'  demographics  (Age, gender,  Education etc.) Green  Marketing  elements  (Product,  packaging,  Distribution,  promotion etc.) Influencing  Purchase  Decision
  • 24.        availability, options, value of money, unawareness about the benefits etc. Increasing environmental knowledge and information about the ill impacts of natural resources degradation has encouraged this consciousness in the marketplace. The increasing green market segment pushes the confidence of corporate to increase their green activities in the products’ offering process. Jacquelyn Ottman in his book, ‘Green Marketing: Opportunity for Innovation’ says that environmental considerations must be integrated into all aspects of marketing from the product development process to the communication channels and should be inclusive towards all the stakeholders. Consumer satisfaction, product safety, social acceptance and sustainability of products are few benefits of green marketing strategy (Peattie, 1995). Green marketing strategy provides differentiation in terms of competitiveness, long term sustainable presence, synergy and brand visibility in the market. The paper has been written to understand consumer buying behaviour for eco friendly products and address the concerns for environmental degradation. 3. Green or Responsible Consumption Responsible consumption is an ethical response of a consumer for a particular product or service. Responsible consumption covers a macro view related to different activities in both productions and consumption patterns. Some of the processes include recycling of materials, efficient use of energy, protection of environment and the preservation of biodiversity etc. Thus Green consumption starts with purchasing products essential and environment friendly. These products are not harmful to human health and, save different kinds of expenses like expenses on power, fuel and disposal. As the awareness about green products and services is increasing, the responses from the consumer have been very favourable. Promotions on greener lines have been capturing market rapidly. The responsible consumption could not only preserve our environment but also boost our economy in an inclusive manner. In this regards, some of the responsible behaviour of consumers and guidelines for a responsible consumption can be exhibited as: i. Do not purchase unnecessarily. Reconsider before you purchase a product: Since production, process needs a big quantity of resources or expenses, which can be saved, and the wastages as left products can be reduced. ii. Choose a product which is more environments friendly: Different green labels are available to make you aware about the substances used in the production. Different substances like heavy metal, chlorinated organic compounds etc. are very harmful to environment and society. iii. Prefer a product for which raw materials have been obtained with a minimum environmental destruction: In the process of obtaining raw materials, the conducts of businesses have been very unethical. Companies
  • 25.        miss‐utilize the natural resources and they have no sense of responsibility attached with their operations. iv. Choose a product which is more energy efficient: Products using natural resources like oil or electricity (thermal power) should always be chosen on the basis of their energy consumption. Different energy ratings by BEE (Bureau of Energy Efficiency) in this regards should be always considered. v. Choose a product which is easy recyclable: In order to reduce waste and its implications on the earth and natural environment. We should always consider a product which can be easily recycled and does not have a negative impact on disposal. vi. Always try to choose a recycled product: Production of a new product with recycled resources or scraps or wastes are called recycled products. Gradually with increasing awareness levels and responsible consumption trends in the market would broaden the market of producing recycled products. 4. Importance of Green Products/ Services Green marketing consists of different activities to satisfy the consumers’ need or wants in the market. Different elements are product itself, packaging, and distribution and promotion activities. Green marketing and green labelling has become an important factor for products or services to sustain in the market. Greening the process in making a product gives an edge over the competitiveness not only in the form of cost effectiveness but also better brand building and value generation in the market. Green push for a product gives a new life and more orientation to a product for its consumption. As increasing awareness, concerns and importance about eco friendly goods among the consumers increasing, the importance of consuming product with green label has to increase at a rapid pace. The responsibility of corporate in projecting green products and its value has been of immense importance in this situation. Corporate have started working responsibly on sustainable solutions with less carbon emission and lesser impact on the environment. 5. Case Study: Responsible consumption Perception of a consumer always likely to change for an available green product/ service which can be evaluated through their buying decisions making. The questionnaire dealt with different questions about their awareness on this issue, their motives behind consumption and most importantly the suggestions for different governments/ corporate. The inferences have been clubbed to get more informative analysis. An open and two way discussion and information sharing based on questionnaire facilitated in drawing some of the inferences because of their responses. a. Objective
  • 26.        The main objective of the study is “to assess the impact of green products or services on consumption trends” and “to assess different factors behind the green buying pattern of a consumer” b. Methodology i. Questionnaire: A questionnaire comprised of 15 questions has been used to assess the buying behaviour and consumption trends for any econ friendly product/ services of a consumer. ii. Focussed Group discussions iii. Sample Size: 40 people have been chosen for this study from various socio economic profiles in different parts of Delhi iv. Age Group: The age group of the respondents varied from 21 to 30 years. The respondents consist of students and professionals. c. Viewpoints of Respondents Q’s: 1. Do you concern for environmental pollution? 2. Do you know about global warming? 3. Do you think that the quality of natural resources around you have been worse? Almost all the respondents are aware about the depleting natural resources, they (80% respondents) have a concern for environmental pollution and 90% respondents know about global warming and its ill effect. Around 60% respondents says that the quality of natural resources have gradually depleting. 15% respondents have not given answers since they are not interested in this survey and they simply says that they are students and not responsible for global warming and environmental degradations. Q’s: 4. Do you think that global warming and its impact plays a negative role on the society and environment? 5. Do you know about green/ eco‐friendly products? 6. Do you think that awareness among the people about green products and 90% 10% Know  about  Global  Warming Don't Know 60% 40% Quality of  Natural  resources  depleted   in the last  few years Don't know
  • 27.        services is very less? Global warming plays a very negative role in the social and environmental development process. The depletion of natural resources, increasing health hazards due to environmental pollution are known to all and almost all the respondents have favoured this direct relation of environmental degradation and a negative impact on society. Almost all the respondents know about the green products but only through word of mouth or news. Some of them say that it is only available for high end consumers and some have never seen what exactly a green product is.’ There is a lack of availability in the market and if available its cost is extremely high’; One respondent says. All the respondents have talked about awareness about these issue very limited. The awareness campaigns and knowledge is not available in open public domain and still there is a huge lack of information among the actual consumer about this issue. Q’s: 7. Do you think that your consumption pattern can play a big role in order to mitigate the adverse environmental impact? 8. Are you willing to change your lifestyle to reduce the damage on the environment? Most of the respondents around 70% respondents don’t think that their step towards a green consumption would play any role in mitigating the issue. Also they are not responsible for what is happening. The government and corporate are responsible to take decision on this issue and they should take strict measures and policy implementation to cut the carbon emission in the production process. Same no. of respondents (70% responses) says that they are not willing to change their lifestyle. They all are surviving at a very low lifestyle and they can’t change since most of them are students and early professionals who are not in a position to spend lavishly on these costly issues. Q’s: 9. Are you willing to buy a more environmentally product with an eco‐label on it? 10. Have you ever purchased any eco‐friendly product? 30% 70% Individual  livelihood pattern  would make any  change in  mitigating the  issue 70% 30% Not willing to  chage  lifestyle Willing but  how
  • 28.        11. Does a higher price for a green product make a change on your decision making process? All the respondents are willing to purchase an eco friendly product. But it should be available in the market at a competitive cost. 50 % (20 respondents) of the respondents say that they have not yet purchase any green product. This shows their lack of information about different eco labelling information on products and knowledge gap on this issue. A higher price for eco friendly product always plays a crucial role in forming the buying decisions. “The cost of a green product should be affordable also”; many respondents quoted. Q’s: 12. Do you think it is your moral responsibility to purchase a green product? 13. Do you think that government and corporate should more invest in innovation to lower down the cost of producing a green product? “Yes, it is our collective and individual responsibility to consume green products only.” 45 % (19 respondents) of the respondents say. They also say that consumers are not at a decision making position and corporate/ producers have to play a pivotal role in producing green products at a reasonable cost. It is the responsibility of the governments and corporate to invest in the innovation, research and develop green solutions for the needs and wants in the market. 50%50% Not yet  purchase any  Green product Yes, they have  but don't know  whether it is  green or not 45% 55% Moral  responsibility to  consume green  products Don't know
  • 29.        Q’s: 14. What is your motive behind buying an environment friendly product? (The comparatively better environmental performance, lifestyle, Your health, A good association with quality, Consuming green products make you feel a better quality of life) 15. What do you think is the biggest challenge in purchasing a green product? (Expensive, Limited availability, green labelling are confusing/ Not trustworthy) The motive behind buying an environment friendly product (if they purchase) is primarily a good health and a better environmental performance. Most of the respondents say (65% of respondents around 25) if they are to buy green products main motive would be of a good health. The biggest challenges in purchasing these products are expensiveness and confusion over the companies’ promises for their products. “Most of the companies except a few have been selling their waste in the name of green that also at higher costs”; Says few of the respondents. Also the level of corruption, misguidance, unethical business conducts have made this kind of decision very challenging. 6. Hypotheses Various hypotheses have been defined broadly on the basis of questionnaire and points from focussed group discussions. These are i. HA1: Respondents have knowledge about global warming. H01: Respondents have no knowledge about global warming. ii. HA2: Respondents consumption patterns could mitigate adverse environmental impact. H02: Respondents consumption patterns could not mitigate adverse environmental impact. iii. HA3: Respondents moral responsibility is to purchase green products H03: Respondents moral responsibility is not to purchase green products. Table‐i: Hypothesis Testing (Chi‐ Square test) Value df Asymp. Sig. (2‐sided) Exact Sig. (2‐sided) Exact Sig. (1‐sided) Pearson Chi‐Square 2.667a 1 .102 Continuity Correctionb 1.185 1 .276 Likelihood Ratio 2.597 1 .107
  • 30.        Fisher's Exact Test .139 .139 Linear‐by‐ Linear Association 2.600 1 .107 N of Valid Cases 40 Interpretation: Table‐i provides required information of Chi‐square test. The value of Pearson Chi‐Square is 2.667 and associated significance value is .102(which is less than 0.05) with 1 degree of freedom. Therefore, null hypothesis (H01) is rejected and our hypothesis (HA1) is accepted. Table‐ii: Hypothesis Testing (Chi‐ Square test) Value df Asymp. Sig. (2‐sided) Exact Sig. (2‐sided) Exact Sig. (1‐sided) Pearson Chi‐Square .127a 1 .722 Continuity Correctionb .000 1 1.000 Likelihood Ratio .128 1 .720 Fisher's Exact Test 1.000 .505 Linear‐by‐ Linear Association .124 1 .725 N of Valid Cases 40 Interpretation: Table‐ii shows that the value of Pearson Chi‐square test is .127 and associated significance value is .722 (which is less than 0.05) with 1 degree of freedom. Therefore null hypothesis (H02) is rejected. Our hypothesis (HA2) is accepted and stands positive. Table‐ iii: Hypothesis Testing (Chi‐ Square test) Value df Asymp. Sig. Exact Sig. Exact Sig.
  • 31.        (2‐sided) (2‐sided) (1‐sided) Pearson Chi‐Square 4.177a 1 .041 Continuity Correctionb 2.947 1 .086 Likelihood Ratio 4.304 1 .038 Fisher's Exact Test .055 .042 Linear‐by‐ Linear Association 4.073 1 .044 N of Valid Cases 40 Interpretation: Table‐ iii depicts that the Pearson Chi‐Square value is 4.177 and associated value is .041, which is less than 0.05 with 1 degree of freedom. Hence, null hypothesis (H03) is rejected and alternative hypothesis (HA3) is accepted. 7. Limitations The study has some limitations. The limitations can be exhibited as i. Small size of sample ii. Many other related and important parameters are missing like features of making a product green, their associating factors, energy savings, environmental ratings etc. iii. Many times the respondents are not the decision making persons, so it may be a hypothetical decision to consider his/ her responses. 8. Conclusion Increasing awareness about the environmental degradation and its ill effect, consumers have started consuming eco‐friendly products/ services. The main constraint in buying eco‐friendly products has been the high cost. Also the companies producing products in the name of environmentally friendly has been eyewash for the consumers and they don't rely upon the fake promotional activities in the name of green. Consumers want their full value of money to be utilised with perfect efficacy. In the buying decision process, they want their perception to be valid about the product/ organisation. Most of the consumers if satisfied with the brand and their ethical code of conduct then their perception are unchangeable and they buy green labelled product. Green product and green marketing push the consumers to consume satisfactorily. There is still a huge communication and information
  • 32.        gap about green/ eco friendly products. The responsible consumption and buying decision making process depends upon various factors such as cost proposition, perception and validity of products' promise, availability of products etc. Most of the green products are not available or if available are available for high end consumers. Government and corporate have to play a crucial role and through research, innovation and development of green solutions can play a pivotal role in pushing consumers to follow a more responsible consumption pattern. Through innovation and technologies, producers need to produce green products at a competitive cost. The corporate should not involve in any kind of negative eye washing. Corporate needs to enhance their ethical conducts of business and a transparent mechanism to tackle these issues. Governments and policymakers should also take stricter rules and regulations to promote green practices in business operations. Moreover spreading awareness about greens products is much more important as this concept is not known by the citizen and therefore there is dire need to spread the awareness among the society through regular seminars, print media, television media etc. This responsibility of making consumers aware about the green products is also on companies marketing these products. Though they have finest of product but without awareness, their products are not reaching to the ultimate customers. 9. References: i. Greendex 2012: Consumer Choice and the Environment – A Worldwide Tracking Survey. July 2012 (Online) ii. Chan, R. Y. K. (1999). Environmental Attitudes and Behavior of Consumers in China. Journal of International Consumer Marketing, Vol. 11, No. 4 iii. Green Brands, India Insights, 2011
  • 34.        Call for Papers Green Watch accepts submission on a rolling basis. You are requested to contribute research papers, case studies, articles, success stories etc. related to green policies, environmental law and regulations, activities and initiatives, sustainable development, green marketing, environment management, impact assessments, environment health and safety, green buildings, environment management plan, energy efficiency, renewable energy, water conservation, rain water harvesting, climate change, clean development mechanism, environmental degradation, green marketing etc. Please send at editor.greenwatch@gmail.com Write to us! Green Watch is a monthly global not for profit update on policies, roles, activities and initiatives related to sustainable development. We attempt to keep abreast its readers with latest information on various developments taking place in the area of sustainable development. If you have any news/ information related to green policies, programmes, initiatives, technology and innovation, success stories or any other relevant information etc, you would like to share with the worldwide green community. Please do send those to us: E‐mail: editor.greenwatch@gmail.com Disclaimer The views or opinions expressed in various articles are of authors. Contact Us We welcome your feedback /comments, ideas /suggestions or queries. Green watch (Let’s think green!) B3, A80/81, Pandavnagar, New Delhi 110092, India Email: editor.greenwatch@gmail.com Telephone No. 011 22482856 For more information please visit https://www.facebook.com/editor.greenwatch