The world’s first particulate matter based Emissions Trading Scheme (ETS) will go live on September 15 and nearly 170 industries will participate in live trading from September 16.

The announcement was made on Wednesday during a workshop at Ekta hall in Kedevia colony organised by the Gujarat Pollution Control Board (GPCB) in collaboration with The Abdul Latif Jameel Poverty Action Lab (JPAL), the Energy Policy Institute at the University of Chicago (EPIC).

The ETS is a market-based mechanism, where the government sets a cap on emissions for each unit in an industrial cluster and allos them to bid for the right to emit a percentage of the total. Units that emit less than their quota will be able to trade their leftover emissions to units that exceed their quota.

Continue Reading at The Times of India…

Areas of Focus: Environment
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Environment
Producing and using energy damages people’s health and the environment. EPIC research is quantifying the social costs of energy choices and uncovering policies that help protect health while facilitating growth.
Air Pollution
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Air Pollution
Air pollution from fossil fuel combustion poses a grave threat to human health worldwide. EPIC research is using real-world data to calculate the effects of air pollution on human health...