How India can benefit from voluntary carbon markets

Carbon market has once again become a global buzzword with increased focus on net zero goals by corporations, and with countries firming up their climate commitments under the Paris Agreement. It is seen as one of the most effective market-based mechanisms to price greenhouse gas (GHG) emissions and achieve climate goals. Carbon market had been operational since the launch of the Clean Development Mechanism by the United Nations in 2006, has evolved in its new version.