Carbon trading is an important tool in global climate change mitigation efforts that incentivises the reduction of greenhouse gas emissions. Following up aggressively on its commitment to reduce carbon emissions by 1 billion tonnes by 2030, India is working on developing a robust carbon trading market. To this effect, two major developments are expected this year—release of the framework and the opening of the voluntary carbon trading market. The gains to be made from the carbon market are many, but is India Inc. ready for the challenges that come along with the opportunities?