IAS Principal Secretary Industries & Commerce
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.
Assistant Professor of Economics, Yale
Emissions trading can help bring down pollution at a reasonable cost, hence such environmental regulations can be successfully implemented.
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.
Prof. Michael Greenstone
Director EPIC; Director, Becker Friedman Institute; Milton Friedman Distinguished Service Professor in Economics, the College, and the Harris School
ETS promises to reduce industries’ compliance costs by unleashing markets to identify the least cost way for heavy polluters to comply and rewarding the most efficient plants. The flexibility of being able to trade reduces the costs imposed on industry, because plants for whom it is cheap to emit less will take on more of the burden.