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Home Punjab Punjab signs pact to launch use of emissions trading scheme

Punjab signs pact to launch use of emissions trading scheme

Chandigarh, June 5

In a bid to deal with the issue of rising industrial air air pollution, the Punjab authorities on Saturday introduced partnership with the Abdul Latif Jameel Poverty Motion Lab (J-PAL) South Asia and the Vitality Coverage Institute on the College of Chicago (EPIC India) to launch using an emissions buying and selling scheme (ETS).

The state’s Business and Commerce and the Science, Expertise and Setting Departments would work with them to design and set up air pollution markets in Punjab.

The partnership contains offering technical help and capability constructing to public officers to successfully use knowledge and analysis proof from established and functioning emissions buying and selling market in Surat in Gujarat.

As a primary step on this partnership, the state authorities and the Punjab Air pollution Management Board would additionally launch an ETS to manage emissions from 200 dyeing industries in Ludhiana apart from lowering particulate and greenhouse fuel (GHG) emissions within the state.

Elaborating on the partnership, Principal Secretary Industries and Commerce Alok Shekhar stated, “The state authorities is eager to fight environmental air pollution by way of regulation that guarantees a win-win state of affairs of cleaner manufacturing, coupled with decrease compliance prices for industries.

“ETS is one such initiative that may assist regulate critically and severely polluted industrial belts in Punjab.” In his deal with, Michael Greenstone, the Milton Friedman Distinguished Service Professor in Economics, Director of EPIC and Co-Chair of Vitality, Setting and Local weather Change of J-PAL, stated, “Air pollution reductions could be delivered — the world’s first ETS for particulate air pollution in Gujarat has already proven this.

“Punjab is now changing into the second Indian state to undertake this pioneering imaginative and prescient. For varied different Indian cities battling polluted air and costly rules, ETS has the potential to enhance air high quality and well being, scale back the regulatory burden on industries, and reduce authorities enforcement expenditures.”

Notably, this initiative is a part of an ongoing partnership between the state authorities and J-PAL South Asia, whereby since 2017 J-PAL South Asia has labored with state departments to facilitate rigorous, policy-relevant analysis  and the scale-up of profitable programmes.

ETS presents a market-based strategy to cut back air air pollution wherein governments set a cap on emission ranges and distribute emissions permits amongst companies.

The strategy entails utilizing steady emissions monitoring techniques to ship real-time and steady readings of particulate emissions and allow higher and extra focused regulatory oversight requirements.

A randomised analysis performed by J-PAL South Asia of the world’s first ever ETS for particulate matter throughout 350 extremely polluting industries in Surat discovered proof that the scheme presents a mechanism for bettering air high quality  that’s clear and predictable.

Furthermore, it additionally has the potential to remodel the trade-off between environmental regulation and financial progress by reducing compliance prices for companies. IANS

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