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World’s First Trading in Particulate Matter – Gujarat
September 25 , 2019
1961 days
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- Gujarat government has launched what is being described as the “world’s first market” for trading in Particulate Matter (PM) emissions.
- This emission trading scheme (ETS) has been launched in Surat.
- ETS aims at
- Reducing the pollution load in an area
- Minimizing the cost of compliance for the industry.
- The Gujarat Pollution Control Board (GPCB) sets a cap on the total emission load from all industries.
- Various industries can buy and sell the ability to emit particulate matter, by trading permits (in kilograms) under this cap.
- For this reason, ETS is also called a cap-and-trade market.
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