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The primary aim of carbon trading is to encourage emissions reduction by assigning a monetary value to the reduction of carbon footprints. Companies that invest in cleaner technologies or embrace sustainable practices are incentivized for their initiatives. Meanwhile, those facing challenges in meeting their emission targets can offset their excess emissions by acquiring credits from other entities. This framework fosters a competitive, market-driven strategy for carbon emissions mitigation, explains Mr. ES Ranganathan. Read our full blog to know more.Read more: https://www.outlookindia.com/business-spotlight/carbon-trading-a-game-changer-in-india-s-environmental-endeavours-says-es-ranganathan-news-305355