The Pollution Market: An Auction for Better Air Quality in West India

The article mentions the Surat ETS as an experiment using emission trading schemes between factories offers an alternative fix for industrial air pollution.

Summer Playlist 2025 Ep 2 | Michael Greenstone, Director, Energy Policy Institute at UChicago (EPIC)

David Greely of SmarterMarkets™ sits down with Michael Greenstone, Director of the Energy Policy Institute at the University of Chicago (EPIC), Founding Director of the University’s Institute for Climate and...
via YouTube

Tackling Industrial Emission with Pollution Markets

EPIC India’s Senior Research Manager, Dr. Dheeraj Alshetty reflects on Surat’s ETS Program and how with real-time data, industry engagement, and regulatory innovation, it is possible to create cleaner air...

Can pollution markets work? Study evaluates Gujarat’s cap-and-trade experiment

EPIC’s paper on Surat’s cap-and-trade programme for particulate matter emissions, yielding significant environmental and economic benefits, cited by Down To Earth.

World’s First Particulate Pollution Market Reduced Pollution and Increased Industry Profits

Experiment finds that the cap-and-trade market in Gujarat, India reduced pollution by 20 to 30 percent while reducing industrial plants’ pollution abatement costs by more than 10 percent and increasing...

Gujarat’s Pollution Market Cuts Emissions by 30%: Can Cap-and-Trade Clean Air in Developing Nations?

EPIC’s cap-and-trade experiment for particualte matter slashes emissions, boosts compliance, and offers a blueprint for low-income nations battling toxic air. Research findings cited in the Outlook.

Emission Markets and Congestion Tax

Dr. Anant Sudarshan, Senior Fellow at EPIC and Associate Professor of Economics at the University of Warwick, joins us from the UK to break down how market-driven solutions—like cap-and-trade systems,...
via YouTube

Anant Sudarshan on Market Solutions to Air Pollution, Energy Policy, and Ecological Disruption

Sudarshan and Rajagopalan explore the economics of air pollution, power distribution, pollution markets, groundwater depletion and keystone species loss

Pollution markets can power economic growth and improve environmental quality: Michael Greenstone

Michael Greenstone talks to Indian Express on balancing climate policy and addressing CO₂ pricing’s impact on vulnerable communities.