Surat’s pollution market cuts 30% particulate emissions in the city
Surat’s pollution market, a first-of-its-kind Emissions Trading Scheme (ETS) for particulate matter, has led to a 20-30 per cent reduction in particulate emissions in the city. A study, co-authored by Yale university economists Rohini Pande, Nicholas Ryan, and others and published in the Quarterly Journal of Economics, found that the unique cap-and-trade market for particulate pollution
