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.

Can markets reduce pollution in India?

The Economist features the world’s first particulate pollution market, which is being implemented by the Gujarat Pollution Control Board with support from researchers at EPIC and other partner organizations.

Growing evidence-informed climate policy: Five scaling stories from the King Climate Action Initiative

The Government of Gujarat is working with a K-CAI-funded research team, J-PAL South Asia, and EPIC India to scale an emissions trading scheme (ETS) for particulate matter to address severe...
via JPAL

UNDP’s National Carbon Registry revolutionising climate action in India

Indian Legislator Pradyut Bordoloi cites Surat's Emission Trading Scheme (ETS) and how it claims a 24% reduction in pollution and an anticipated 36% savings for the plants since its initiation.