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The 2021 Conference of Parties 26 (COP26) propelled nations to ramp up their climate targets and the concomitant Nationally Determined Contributions (NDCs) to reduce global greenhouse gas emissions. However, the updated NDCs and the announced pledges for 2030 remain insufficient and poorly aligned with the targets of the Paris Agreement. The reduction in projected 2030 emissions is estimated to be 7.5 percent—far lower than the 30 percent requi

A clear, robust regulatory framework for pricing carbon can play a key role in increasing the uptake of carbon pricing by businesses in India.