The "Why" of EMF = −dΦ/dt
Imagine you are holding a bar magnet near a copper ring. As you push the magnet toward the ring, the magnetic field through the ring increases. The electrons in the copper "feel" this change and start moving—an electrical current is induced.
Now here is the deep question: which way do they move?
If the electrons moved in a direction that increased the magnetic flux further, the increased flux would induce more current, which would increase the flux even more... a runaway process creating energy from nothing. That violates the law of conservation of energy.
So nature forbids this. The current must flow in the direction that fights the change — opposing the increase. This is Lenz's law, and the negative sign in EMF = −dΦ/dt is just mathematics saying this.
The negative sign is nature's "no free lunch" rule written in calculus.
When you push the magnet in, you do work against the repulsive force from the induced current. That work is exactly what shows up as electrical energy in the circuit. Energy is conserved—you paid for it.
Analogy: It is like a shock absorber on a car. When you push it, it pushes back. The energy you put in is dissipated (in our case, as electrical energy in the circuit resistance).