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Abstract
“Higher Growth leading to Inclusive and Sustainable Development” is the Mool Mantra or main motto of our Union Budget 2013-14, tells us the increasing focus of India on Green Economy which can be achieved through Carbon trading. In this paper, we try to explain the concept of carbon finance and how well it is being implemented in India with special reference to projects in Andhra Pradesh. As the topic is in developing stage in World and in Infant stage in India, the study is confined to only theoretical aspects of Carbon trading and its implementation but its practical feasibility is yet to be known. So the study focuses on knowing carbon trading practices all around the world and to introduce carbon finance in India. To understand the concept of Carbon Credits, what is it, how it is traded, and its different mechanisms, who the players are? Who is buying and who is selling? To understand how the projects are started and the issues and risks related with the projects and the market opportunity to it.