Emissions Trading and Air Quality Management
Emissions trading—market-based mechanisms for regulating pollution—has gained significant traction in India’s air quality management strategy. These systems incentivize industries to lower emissions by trading pollution permits, while enhancing regulatory efficiency and lowering compliance costs.
Recent Developments
- India piloted the world’s first particulate matter trading scheme in Surat, Gujarat. Over 300 coal-burning plants participated; PM2.5 emissions dropped 20–30%, offering a scalable model for other cities and states.
- India formally adopted Carbon Credit Trading Scheme in July 2024, laying the foundation for a rate-based, nationwide emissions trading market linked to global carbon markets. Nine industrial sectors, including cement, steel, and power, are targeted ....
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