PILOT ON EMISSION TRADING SCHEME (ETS) IN INDIA
Keywords:
Emissions Trading Scheme, Continuous Emissions Monitoring System, Particulate matterAbstract
Emissions trading schemes (ETS) have been operational to control greenhouse gas emissions in
European Union since 2005. ETS have been proposed to be introduced in developed countries including
India. The main idea of the ETS is to create the market for pollution which will provide economic agents with
incentives to reduce their emissions. The design of ETS plays a significant role in reducing greenhouse gas
emissions and encouraging environmental and economic sustainability. The Environmental regulation in
India is relatively inflexible and places high costs on industrial enterprise that are the engines of much
needed economic growth. The study reveals the ongoing pilot ETS scheme in selected States in Gujarat,
Tamil Nadu and Maharashtra which seeks to transform regulation of particulate matter from industrial
sources in India (Stationary sources).