ENA Sectors 2022-08-01 10:09:01 <p><strong>New Delhi, Aug 1 (KNN)</strong> It is likely Prime Minister Narendra Modi would launch the carbon trading platform on August 15 and make it compulsory for various sectors in an effort to reduce Indias carbon emission.</p> <p>Carbon markets are trading systems where credits are bought and sold, permitting an entity to emit a certain amount of greenhouse gases.</p> <p>Centre will notify guidelines making it obligatory for some sectors, as per a report by Mint.</p> <p><strong><a href="https://bit.ly/3B9mZSj"><img alt="FOLLOW US on GOOGLE NEWS" src="https://knnindia.co.in//uploads/gallery/GoogleNews.jpg" style="border-style:solid; border-width:1px; height:95px; margin:1px; width:299px" /></a></strong></p> <p>The platform is developed to achieve Indias ambitious climate commitments.</p> <p>Compliance and voluntary are the two kinds of carbon market and the governments step would make it a compliance market for some sectors.</p> <p>PM Modi had announced that India would achieve net-zero emissions by 2070 at the COP26 climate change conference in Glasgow. <em><strong>(KNN Bureau)</strong></em></p> 30057 https://knnindia.co.in/news/newsdetails/sectors/govt-may-make-carbon-trading-mandatory-for-certain-sectors 2022-08-01 10:09:01 knnindia.co.in