Mr. ES Ranganathan highlights the obstacles on the horizon, stating, "While carbon trading holds immense promise, its successful implementation in India encounters specific hurdles. These include low awareness levels, restricted market liquidity, and regulatory complexities that warrant attention. Furthermore, establishing transparency and credibility in carbon credits is imperative to instill trust and assurance in the system."
He goes on to underscore that harnessing the complete potential of carbon trading in India necessitates coordinated efforts from policymakers, corporate entities, and civil society. The collaborative measures should encompass public-private partnerships, innovative financial strategies, and initiatives for capacity enhancement, all of which can play a pivotal role in surmounting these challenges.