Surat Clean Air Market
Measured pollution reduction
Projected plant savings vs. pollution abatement equipment
Average projected increase in industry profits per year
Reduction In Ambient PM2.5
What they're saying
Chairman, Gujarat Pollution Control Board; Additional Secretary, Ministry of Environment & Forests, Gujarat
With this programme, we are kicking off a new era of cleaner production that would lower industries’ compliance costs and reward plants that cut pollution using low-cost methods. We believe that using this market-based system will contribute to rapid economic growth, ease the method of doing business, as well as help people breathe clean air.
Member of Parliament
The Gujarat government has started the world’s first emissions trading scheme for industries. Those industries which pollute less can sell emission caps and big industries which pollute more can buy those caps. This enables smaller industries to make a profit. I congratulate the Gujarat government for taking these steps.
Founder & CEO, Rethinking Public Policy
The scheme is a departure from the traditional command and control approach to environment regulation. The past approach failed to curb emissions and instead bred a culture of non-compliance among companies. The pilot’s success could lead to the adoption of market-based approaches in tackling India’s other environmental challenges.
the Henry J. Heinz II Professor of Economics; Director, Economic Growth Center at Yale University
The implementation of the pilot ETS demonstrates remarkable foresight and imagination from Indian regulators and industry who are now using cutting-edge technology and economic techniques to balance the twin objectives of economic growth and air quality improvement.
Milton Friedman Distinguished Service Professor in Economics; Director, Energy Policy Institute at the University of Chicago