A CRITICAL EVALUATION ON CARBON TAXATION POLICIES FOR REDUCING CARBON EMISSIONS IN CONTEXT OF VARIOUS INDUSTRIES OF INDIA

Commerce and Management

The article has depicted an image of carbon emission rate along with carbon taxation policies in different sectors of India. The emission rate of Energy, Transport, Agriculture, “Manufacturing and construction”, Technology, Fashion, and Food retail sectors have been evaluated based on the emission rate. Secondary method has been followed to gather a large context of data and developing its findings. Carbon taxation in India plays a critical role in developing sustainability and decreasing the emission rate of carbon. The major findings of the study attribute that major countries that have produced effective rates of "CO2 equivalent emissions" include Ahmedabad, Chennai, Bangalore, Kolkata, Delhi and Mumbai. The energy sector is the largest contributor to carbon emissions in India. It generated about "2,442 million metric tons" carbon in 2020 with the energy sector contributing the highest. Based on the review it can be suggested that improvement in the regulation and polices associated with carbon tax model needs to be improved to decrease the emission rate of carbon in Energy, Transport, Agriculture, “Manufacturing and construction”, Technology, Fashion, and Food retail sectors.

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