Emission Trading Scheme

The Gujarat government launched country’s first ‘Emissions Trading Scheme (ETS)’ which is being described as world’s first market for trading in Particulate Matter (PM) emissions. It was launched in Surat as a pilot project to encourage and incentivize the industrial units to cut air pollution.

Significance: A trading scheme will ensure monitoring, reporting and verification of emissions from the industries.

• It will effectively reduce pollution levels at the industrial level. Putting a “carbon price” through emissions trading will encourage businesses to identify low-cost methods of reducing emissions.
• It can be a source of fiscal revenue for the government, which can ....