Internal Carbon Pricing: Paving the Way for Low Carbon Transition in Indian Businesses

Indian companies are embracing sustainability strategies to move toward a low-carbon economy as long as climate change poses serious global challenges. A key tactic that has gained traction is internal carbon pricing (ICP), which places a monetary value on greenhouse gas emissions in order to encourage emission reductions and spur sustainable innovation. Using in-depth case studies of Indian businesses, this paper explores the real-world application and results of ICP. We investigate how ICP affects business conduct, improves operational effectiveness, and advances general sustainability objectives by examining these case studies. The advantages, challenges, and best practices related to ICP adoption from a strategic standpoint are also covered in the study. Our results demonstrate how crucial regulatory frameworks, stakeholder involvement, and thorough carbon accounting are to maximizing ICP's efficacy. With the goal of helping Indian firms make the transition to a low-carbon economy, this research provides insightful information about the mechanics and effects of ICP.