Towards an Emissions Trading Scheme for Air Pollutants in India
Name
2010-011.pdf
Size
285 KB
Format
Adobe PDF
Checksum (MD5)
2b68677c84acefdf4c691cd2df41cec8
Author(s)
Duflo, Esther
Greenstone, Michael
Pande, Rohini
Ryan, Nicholas
Date Issued
August 2010
Publisher
MIT Center for Energy and Environmental Policy Research
Series/Report no.
MIT-CEEPR (Series);2010-011
Abstract
Emissions trading schemes have great potential to lower pollution while minimizing compliance costs for firms in many areas now subject to traditional command-and-control regulation. This paper connects experience with emissions trading, from programs like the U.S. Acid Rain program, to lessons for implementation of a Trading Pilot Scheme in India. This experience suggests that four areas are especially important for successful implementation of an emissions trading scheme: setting the cap, allocating permits, monitoring and compliance. The introduction of emissions trading would position India as a clear leader in environmental regulation amongst emerging economies.
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