Carbon Tax as a Climate Solution: Feasibility and Impacts for India’s Sustainable Future

Humanity's biggest worries right now are climate change and growing greenhouse gas emissions. The year 2019 was very terrible for Earth. A number of wildfires in the Arctic area, the Australian blaze, and the Amazon rainforest fire were all caused by the extraordinary increase in air temperatures and roaring heat. The world community has decided to act because it recognizes the urgency. Carbon reduction targets have been set by the majority of nations as part of the Paris Climate Agreement and India is not an exception. The Paris Agreement's total mitigation objectives seem insufficient; therefore, nations have begun looking at other ways to reduce carbon emissions. Several economists believe that the most realistic and cost-effective way to slow down climate change and solve the problem of global warming is through carbon taxes. This study intends to provide a solid knowledge of carbon pricing in India using the doctrinal research method, making inferences based on a careful analysis of current legal doctrines, legislative trends, and academic discourse. The feasibility of a carbon tax in India, its compatibility with existing legislative frameworks, and the wider ramifications for mitigating climate change and promoting economic sustainability by reconnoitring on why India has not explicitly implemented a carbon price, what tactics it has impliedly used to reduce carbonization, what potential consequences would arise from introducing carbon tax, and how it might help India reach the objective of net-zero emission by 2070.