Emission Trading Scheme of Gujarat

  • The Gujarat government has launched country’s first ‘Emissions Trading Scheme (ETS)’ which is being described as world’s first market for trading in Particulate Matter (PM) emissions.
  • ETS was launched in Suratto encourage and incentivize the industrial units to cut air pollution.
  • Surat was chosen because its industrial associations agreed to run the pilot scheme.
  • The reason for trading is that in a cap and trade market, the regulator will measure pollution over a period of time and industries must own enough permits to cover their total ....
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