A report published by the Mint revealed that PM Modi is expected to launch a national carbon trading platform on 15th August 2022. India has been dedicated to mitigating climate change and escalating to achieve the climate action targets set in the recent past. India has committed to achieving carbon neutrality by 2070 and the launch of the carbon trading platform will help in moving forward.
The carbon market is a platform where carbon credits are traded which allows an organization or an entity to emit a specific amount of carbon emissions directly related to the available carbon credits. This system provides economic benefits to nations and organizations by minimising their carbon footprint.
A recent report by Intellecap highlighted that the carbon market will help in motivating the efforts of organizations to lower the carbon emissions under their permissible limit and incentivise it in the form of carbon credits.
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Technology is a useful servant, but a dangerous master, it was rightly said. Electronic devices have grown into an inevitable part of our daily lives.
