Carbon Pricing ?
In recent years, the global community has intensified its efforts to combat climate change, with an increasing focus on carbon pricing as a key instrument to reduce carbon emissions. Carbon pricing involves putting a monetary value on carbon, either through carbon taxes or cap-and-trade systems, aiming to incentivize businesses and individuals to adopt cleaner practices. While the concept has gained momentum globally, its implementation in India holds particular significance given the country's rapid industrialization and growing carbon footprint. India, as one of the world's largest and fastest-growing economies, faces the dual challenge of meeting its developmental aspirations and addressing environmental concerns. Carbon pricing mechanisms provide a unique opportunity for India to strike a balance between economic growth and environmental sustainability. One notable initiative is the introduction of the Goods and Services Tax (GST) on coal, which imposes a 5% tax on this fos
