{"id":"https://openalex.org/W7225426529","doi":"https://doi.org/10.68903/iilmr.v01i01.02","title":"Natural Capital and National Strategy: Positioning India in the Global Carbon and Biodiversity Markets","display_name":"Natural Capital and National Strategy: Positioning India in the Global Carbon and Biodiversity Markets","publication_year":2025,"publication_date":"2025-01-08","ids":{"openalex":"https://openalex.org/W7225426529","doi":"https://doi.org/10.68903/iilmr.v01i01.02"},"language":"en","primary_location":{"id":"doi:10.68903/iilmr.v01i01.02","doi":"https://doi.org/10.68903/iilmr.v01i01.02","is_oa":true,"landing_page_url":"https://doi.org/10.68903/iilmr.v01i01.02","pdf_url":"https://iilmreview.com/index.php/tmr/article/download/12/7","source":{"id":"https://openalex.org/S7407122260","display_name":"Transformational Management Review","issn_l":"3139-5813","issn":["3139-5813"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Transformational Management Review","raw_type":"journal-article"},"volume":null,"type":"editorial","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"hybrid","oa_url":"https://iilmreview.com/index.php/tmr/article/download/12/7","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5000238299","display_name":"Ajoy Kumar Dey","orcid":"https://orcid.org/0000-0003-0535-8194","observed_orcids":["https://orcid.org/0000-0003-0535-8194"]},"institutions":[{"id":"https://openalex.org/I2801787918","display_name":"IILM Institute for Higher Education","ror":"https://ror.org/04d68yh59","country_code":"IN","type":"education","lineage":["https://openalex.org/I2801787918"]}],"countries":["IN"],"is_corresponding":true,"raw_author_name":"Ajoy Kumar Dey","raw_affiliation_strings":["IILM Institute for Higher Education"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"IILM Institute for Higher Education","institution_ids":["https://openalex.org/I2801787918"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5000238299"],"corresponding_institution_ids":["https://openalex.org/I2801787918"],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":true,"cited_by_count":0,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":"1","issue":"01","first_page":"5","last_page":"15"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T13438","display_name":"Environmental Conservation and Management","score":0.7182999849319458,"subfield":{"id":"https://openalex.org/subfields/2308","display_name":"Management, Monitoring, Policy and Law"},"field":{"id":"https://openalex.org/fields/23","display_name":"Environmental Science"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}},"topics":[{"id":"https://openalex.org/T13438","display_name":"Environmental Conservation and Management","score":0.7182999849319458,"subfield":{"id":"https://openalex.org/subfields/2308","display_name":"Management, Monitoring, Policy and Law"},"field":{"id":"https://openalex.org/fields/23","display_name":"Environmental Science"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}},{"id":"https://openalex.org/T10319","display_name":"Conservation, Biodiversity, and Resource Management","score":0.11789999902248383,"subfield":{"id":"https://openalex.org/subfields/2306","display_name":"Global and Planetary Change"},"field":{"id":"https://openalex.org/fields/23","display_name":"Environmental Science"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}},{"id":"https://openalex.org/T10471","display_name":"Climate Change Policy and Economics","score":0.10270000249147415,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/natural-capital","display_name":"natural capital","score":0.9800000190734863},{"id":"https://openalex.org/keywords/carbon-credit-market","display_name":"carbon credit market","score":0.9020000100135803},{"id":"https://openalex.org/keywords/nature-based-solutions","display_name":"nature-based solutions","score":0.984000027179718},{"id":"https://openalex.org/keywords/india","display_name":"India","score":0.5410000085830688},{"id":"https://openalex.org/keywords/benefit-sharing","display_name":"benefit sharing","score":0.5680000185966492},{"id":"https://openalex.org/keywords/market-legitimacy","display_name":"market legitimacy","score":0.7099999785423279},{"id":"https://openalex.org/keywords/ecosystem-services-valuation","display_name":"ecosystem services valuation","score":0.49000000953674316},{"id":"https://openalex.org/keywords/national-strategy","display_name":"national strategy","score":0.5630000233650208},{"id":"https://openalex.org/keywords/environmental-governance","display_name":"environmental governance","score":0.3440000116825104}],"concepts":[{"id":"https://openalex.org/C162012527","wikidata":"https://www.wikidata.org/wiki/Q1540268","display_name":"Natural capital","level":4,"score":0.7020000219345093},{"id":"https://openalex.org/C2777950569","wikidata":"https://www.wikidata.org/wiki/Q17021836","display_name":"Stewardship (theology)","level":3,"score":0.5831000208854675},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.5791000127792358},{"id":"https://openalex.org/C130217890","wikidata":"https://www.wikidata.org/wiki/Q47041","display_name":"Biodiversity","level":2,"score":0.5630000233650208},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5471000075340271},{"id":"https://openalex.org/C2779764076","wikidata":"https://www.wikidata.org/wiki/Q8270788","display_name":"Global public good","level":3,"score":0.46939998865127563},{"id":"https://openalex.org/C175605778","wikidata":"https://www.wikidata.org/wiki/Q3299701","display_name":"Natural resource economics","level":1,"score":0.4458000063896179},{"id":"https://openalex.org/C162222271","wikidata":"https://www.wikidata.org/wiki/Q92779871","display_name":"Public good","level":2,"score":0.4388999938964844},{"id":"https://openalex.org/C2776291640","wikidata":"https://www.wikidata.org/wiki/Q2912517","display_name":"Value (mathematics)","level":2,"score":0.43479999899864197},{"id":"https://openalex.org/C29985473","wikidata":"https://www.wikidata.org/wiki/Q188460","display_name":"Natural resource","level":2,"score":0.42820000648498535},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.42750000953674316},{"id":"https://openalex.org/C83646750","wikidata":"https://www.wikidata.org/wiki/Q193893","display_name":"Capital (architecture)","level":2,"score":0.39800000190734863},{"id":"https://openalex.org/C107826830","wikidata":"https://www.wikidata.org/wiki/Q929380","display_name":"Environmental resource management","level":1,"score":0.39629998803138733},{"id":"https://openalex.org/C187452473","wikidata":"https://www.wikidata.org/wiki/Q2897903","display_name":"Goods and services","level":2,"score":0.36419999599456787},{"id":"https://openalex.org/C109986646","wikidata":"https://www.wikidata.org/wiki/Q546113","display_name":"Public policy","level":2,"score":0.3440999984741211},{"id":"https://openalex.org/C58941895","wikidata":"https://www.wikidata.org/wiki/Q295865","display_name":"Ecosystem services","level":3,"score":0.34060001373291016},{"id":"https://openalex.org/C206345919","wikidata":"https://www.wikidata.org/wiki/Q20380951","display_name":"Resource (disambiguation)","level":2,"score":0.3368000090122223},{"id":"https://openalex.org/C2777483010","wikidata":"https://www.wikidata.org/wiki/Q2065360","display_name":"Payment for ecosystem services","level":4,"score":0.3301999866962433},{"id":"https://openalex.org/C121087249","wikidata":"https://www.wikidata.org/wiki/Q546395","display_name":"Emerging markets","level":2,"score":0.31439998745918274},{"id":"https://openalex.org/C66204764","wikidata":"https://www.wikidata.org/wiki/Q219416","display_name":"Sustainability","level":2,"score":0.2833000123500824},{"id":"https://openalex.org/C143910263","wikidata":"https://www.wikidata.org/wiki/Q750458","display_name":"Capital market","level":2,"score":0.27970001101493835},{"id":"https://openalex.org/C2780233690","wikidata":"https://www.wikidata.org/wiki/Q535347","display_name":"Transparency (behavior)","level":2,"score":0.2768000066280365},{"id":"https://openalex.org/C183135511","wikidata":"https://www.wikidata.org/wiki/Q3743137","display_name":"Natural resource management","level":3,"score":0.26820001006126404},{"id":"https://openalex.org/C202552767","wikidata":"https://www.wikidata.org/wiki/Q1901350","display_name":"Market value","level":2,"score":0.26260000467300415},{"id":"https://openalex.org/C40003211","wikidata":"https://www.wikidata.org/wiki/Q5570838","display_name":"Global environmental analysis","level":2,"score":0.2597000002861023},{"id":"https://openalex.org/C2776310101","wikidata":"https://www.wikidata.org/wiki/Q1524235","display_name":"Global governance","level":3,"score":0.2590999901294708},{"id":"https://openalex.org/C37965861","wikidata":"https://www.wikidata.org/wiki/Q839399","display_name":"Carbon credit","level":3,"score":0.2578999996185303},{"id":"https://openalex.org/C2992455381","wikidata":"https://www.wikidata.org/wiki/Q5119","display_name":"National capital","level":3,"score":0.25699999928474426},{"id":"https://openalex.org/C2776475305","wikidata":"https://www.wikidata.org/wiki/Q29627","display_name":"Public interest","level":2,"score":0.2563999891281128},{"id":"https://openalex.org/C178411942","wikidata":"https://www.wikidata.org/wiki/Q622657","display_name":"Market failure","level":2,"score":0.25540000200271606}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.68903/iilmr.v01i01.02","doi":"https://doi.org/10.68903/iilmr.v01i01.02","is_oa":true,"landing_page_url":"https://doi.org/10.68903/iilmr.v01i01.02","pdf_url":"https://iilmreview.com/index.php/tmr/article/download/12/7","source":{"id":"https://openalex.org/S7407122260","display_name":"Transformational Management Review","issn_l":"3139-5813","issn":["3139-5813"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Transformational Management Review","raw_type":"journal-article"}],"best_oa_location":{"id":"doi:10.68903/iilmr.v01i01.02","doi":"https://doi.org/10.68903/iilmr.v01i01.02","is_oa":true,"landing_page_url":"https://doi.org/10.68903/iilmr.v01i01.02","pdf_url":"https://iilmreview.com/index.php/tmr/article/download/12/7","source":{"id":"https://openalex.org/S7407122260","display_name":"Transformational Management Review","issn_l":"3139-5813","issn":["3139-5813"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Transformational Management Review","raw_type":"journal-article"},"sustainable_development_goals":[{"score":0.7847999930381775,"id":"https://metadata.un.org/sdg/13","display_name":"Climate action"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W7225426529.pdf","grobid_xml":"https://content.openalex.org/works/W7225426529.grobid-xml"},"referenced_works_count":4,"referenced_works":["https://openalex.org/W1540250989","https://openalex.org/W1594416166","https://openalex.org/W2069377054","https://openalex.org/W4387417964"],"related_works":["https://openalex.org/W7154897345","https://openalex.org/W4413754200","https://openalex.org/W7083577650","https://openalex.org/W4412005285","https://openalex.org/W7163709518","https://openalex.org/W7117970285","https://openalex.org/W7170477450","https://openalex.org/W3203200406","https://openalex.org/W2184903209","https://openalex.org/W7075996975"],"abstract_inverted_index":{"The":[0,88],"global":[1,156],"economy":[2],"is":[3],"undergoing":[4],"a":[5,54],"profound":[6],"transformation,":[7],"shifting":[8],"from":[9],"treating":[10],"clean":[11],"air,":[12],"ecosystem":[13],"stability,":[14],"and":[15,26,49,85,125,128,148,160],"biodiversity":[16,50],"as":[17,24,101],"non-market":[18],"public":[19],"goods":[20],"to":[21,42,132],"valuing":[22],"them":[23],"monetizable":[25],"investible":[27],"natural":[28,145],"assets.":[29],"This":[30],"paper":[31],"explores":[32],"the":[33,71,102,139,153],"strategic":[34],"consequences":[35],"of":[36,58,76,136],"this":[37,116],"transition":[38],"with":[39],"particular":[40],"attention":[41],"India\u2019s":[43,92,143],"emerging":[44],"role":[45],"in":[46,69],"expanding":[47],"carbon":[48],"credit":[51],"markets.":[52],"Using":[53],"comparative":[55],"case":[56],"study":[57,140],"six":[59],"leading":[60],"nature-based":[61],"solutions":[62],"(NbS)":[63],"initiatives,":[64],"including":[65],"Reliance\u2019s":[66],"Vantara":[67],"project":[68],"India,":[70],"analysis":[72],"evaluates":[73],"divergent":[74],"models":[75],"scale,":[77],"governance":[78],"structures,":[79],"measurement-reporting-verification":[80],"(MRV)":[81],"systems,":[82],"community":[83],"participation,":[84],"market":[86],"legitimacy.":[87],"results":[89],"indicate":[90],"that":[91,142],"early":[93],"mover":[94],"advantage,":[95],"strengthened":[96],"by":[97],"policy":[98,161],"instruments":[99],"such":[100],"Carbon":[103],"Credit":[104],"Trading":[105],"Scheme":[106],"(CCTS),":[107],"can":[108],"translate":[109],"into":[110],"significant":[111],"competitive":[112],"positioning.":[113],"But":[114],"capturing":[115],"value":[117],"depends":[118],"critically":[119],"on":[120],"deploying":[121],"rigorous":[122],"MRV":[123],"protocols":[124],"ensuring":[126],"fair":[127],"transparent":[129],"benefit-sharing":[130],"arrangements":[131],"protect":[133],"against":[134],"loss":[135],"reputation.":[137],"Overall,":[138],"argues":[141],"extensive":[144],"capital":[146],"reserve":[147],"forward-looking":[149],"regulatory":[150],"approach":[151],"lay":[152],"ground":[154],"for":[155],"leadership":[157],"provided":[158],"firms":[159],"makers":[162],"prioritise":[163],"long-term":[164],"ecological":[165],"stewardship":[166],"over":[167],"narrow,":[168],"short-term":[169],"financial":[170],"gains.":[171]},"counts_by_year":[],"updated_date":"2026-11-10T11:39:43.021295","created_date":"2026-11-07T00:00:00"}