what are the steps taken by Gujarat government to curb down air pollution
Answers
Answer:
Gujarat Chief Minister Vijay Rupani launched India’s first trading programme to combat particulate air pollution on World Environment Day 2019, which has air pollution as its theme.
The programme is a market-based system where the government sets a cap on emissions and allows industries to buy and sell permits to stay below the cap.
Being initiated in Surat by the Gujarat Pollution Control Board (GPCB), the emission trading scheme (ETS) was designed with the help of a team of researchers from the Energy Policy Institute at the University of Chicago (EPIC), the Economic Growth Center at Yale University and others from The Abdul Latif Jameel Poverty Action Lab (J-PAL).
Answer:
Gujarat launches India’s first trading programme to combat particulate air pollution
Launched on World Environment Day, the programme is a market-based system where the government sets a cap on emissions and allows industries to buy and sell permits to stay below the cap
By Shagun Kapil
Last Updated: Wednesday 05 June 2019
Photo: Getty Images
Photo: Getty Images
Gujarat Chief Minister Vijay Rupani launched India’s first trading programme to combat particulate air pollution on World Environment Day 2019, which has air pollution as its theme.
The programme is a market-based system where the government sets a cap on emissions and allows industries to buy and sell permits to stay below the cap.
Being initiated in Surat by the Gujarat Pollution Control Board (GPCB), the emission trading scheme (ETS) was designed with the help of a team of researchers from the Energy Policy Institute at the University of Chicago (EPIC), the Economic Growth Center at Yale University and others from The Abdul Latif Jameel Poverty Action Lab (J-PAL).
Under the cap and trade system, the regulator first defines the total mass of pollution that can be put into the air over a defined period by all factories put together.
Then, a set of permits is created, each of which allows a certain amount of pollution, and the total is equal to the cap.
These permits are the quantity that is bought and sold. Each factory is allocated a share of these permits (this could be equal or based on size or some other rule).
After this, plants can trade permits with each other, just like any other commodity on the National Commodity and Derivatives Exchange Limited (NCDEX).
“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 emissions,” said EPIC.
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