LEHMAN IMPACT Chitra Unnithan & Vinay Umarji / Ahmedabad September 16, 2008, 4:40 IST With companies willing to accommodate environmental strategies into business plans, courses on carbon markets are increasingly being taught in Indian business schools. Management institutes like the Indian Institute of Management, Ahmedabad (IIM-A), IIM Lucknow (IIM-L) and the Ahmedabad Management Association (AMA) have introduced or are keen on launching a course on carbon credit and financing. Carbon dioxide emissions are the biggest contributor towards the greenhouse effect. The phenomenon causes global warming and results in climate change. With companies like Reliance and Tata Steel set to enter the carbon market, potential managers are being trained to ensure that environmental concerns run in sync with profit-making. Besides being a pioneer in starting a course on carbon markets, IIM-L has constantly included creating awareness about carbon markets as part of its agenda through seminars and conferences. Recently, it invited corporations to look into the mechanism of voluntary carbon markets, which allows companies, NGOs, local governments and individuals to compensate for pollution caused. IIM-L is also planning to set up a climate change centre on campus. Sushil Kumar, professor, IIM-L, says: