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What is it?
Launched in Surat by Gujarat Government, the Emissions Trading Scheme (ETS) is a regulatory tool that is aimed at reducing the pollution load in an area and at the same time minimising the cost of compliance for the industry.
ETS is a market in which the traded commodity is particulate matter emissions.
It is also being described as the world’s first market for trading in particulate matter emissions.
How is it being implemented?
The Gujarat Pollution Control Board (GPCB) sets a cap on the total emission load from all industries.
Various industries can buy and sell the ability to emit particulate matter, by trading permits (in kilograms) under this cap. For this reason, ETS is also called a cap-and-trade market.
How does the trading take place?
Significance and benefits:
By: Priyank Kishore ProfileResourcesReport error
Ahmed Khan
please elaborate similar concepts
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