Media Mention•Sep 02, 2021
Explained: Surat’s Emission Trading Scheme Shows It Can Battle Pollution
Cap-and-trade strategies like the ETS have been found to reduce the amount of emissions released by industries but further research is needed to ascertain the total impact.
Corporate action, government strategy and consumer changes are key to reducing emissions in a sustainable and effective manner. With corporations being entities designed for profit, it can be hard to push them towards sustainable practices without a carrot and a stick approach. But with the advent of emission trading schemes, companies are now finding financial incentives and disincentives in the form of emissions caps.
One such scheme — the emission trading scheme (ETS) — in Surat shows that such an approach can work in India.