The Government of Punjab announced in June 2021 that they will pilot a market to regulate particulate pollution from 200 dyeing industries in Ludhiana.
The Government of Punjab is keen to combat environmental pollution through regulation that promises a win-win situation of cleaner production, coupled with lower compliance costs for industries. ETS is one such initiative that can help regulate critically and severely polluted industrial belts in Punjab.
Michael Greenstone
Milton Friedman Distinguished Service Professor in Economics; Director, Energy Policy Institute at the University of Chicago
Pollution reductions can be delivered – the world’s first ETS for particulate pollution in Gujarat has already shown this. Punjab is now becoming the second Indian state to adopt this pioneering vision. For various other Indian cities battling polluted air and expensive regulations, ETS has the potential to improve air quality and health, reduce the regulatory burden on industries, and decrease government enforcement expenditures.