CARBON CREDITS: NEW INSIGHTS, PARADIGM SHIFTS AND DIRECTIONS FOR FUTURE RESEARCH

Abstract

We identified the principal areas and momentum of the carbon credits research and proposed a future investigation course. Using a bibliometric examination, we analyze a sample of 546 research papers from the ISI Web of Science database to analyze research studies on carbon credits between 2000 and 2019. We found the most persuasive papers and authors based on their publications, citations, region and importance inside the carbon credit framework. We look at the present scenario, discover obstacles to development in the literature on carbon credits and recommend roads for future research. Even though carbon credits research happens universally, an absence of joint exertion exists across country lines, especially between the European and Asian economies. Research on carbon credits centers around Emission trading/Carbon trading under clean development mechanisms and Cap and trade, with relatively less attention on certified emission reductions, emission rights and verified emissions. We conclude by recommending that the research scope of carbon credit research can be enhanced using five potential research headings. Finally, this research would help the firms and management handle “carbon credits” effectively and efficiently.