Business and Changing Climate: A Commentary on the Evolution of Regulatory Framework in India

In India, like the rest of the world, handling the climate change challenges originally started with legal instruments alone, possibly keeping in mind that do's and don'ts would suffice. But in due course of time, a more expansive and comprehensive portfolio of instruments, legal, and otherwise, has emerged as a better alternative in view of achieving sustainability. The business and economy started to get involved beyond this law-enforcing domain. This paper is an attempt to write a commentary on this evolution with a special focus on the arguments that gave rise to this paradigm shift.