the Henry J. Heinz II Professor of Economics and director of the 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.
via ETS News
Mr. Sanjay Jaiswal
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.
Dr. Rajiv Kumar Gupta IAS
Chairman of the Gujarat Pollution Control Board (GPCB)
Under the visionary leadership of Honorable Prime Minister and the able guidance of Honorable Chief Minister, GPCB has been committed to effective and efficient pollution control, using data and technology to improve environmental regulation. The ETS initiative will help us understand the potential that reduced emissions will have on compliance and regulatory costs.
via ETS News
Prof. Michael Greenstone
Director EPIC; Director, Becker Friedman Institute; Milton Friedman Distinguished Service Professor in Economics, the College, and the Harris School
The Surat programme is important because this has the potential to be a demonstration of proof of concept that this can work in India. Once you've done that, you have placed a new very powerful tool in the tool-chest for reducing pollution that can be applied anywhere and for any pollutant. The power of the tool lies in the fact that it reduces the abatement cost for industries and achieves environmental goals.
via India Spend
Assistant Professor of Economics, Yale
Emissions trading can help bring down pollution at a reasonable cost, hence such environmental regulations can be successfully implemented.
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.
Energy Expert & Author of The Great Smog of India
There is nothing to lose here, even if the pilot fails. But if it succeeds, it could be scaled up and prove to be a great policy tool to address particulate air pollution in India.
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.
via The Wire