Chandigarh, June 5
In a bid to handle the issue of rising industrial air air pollution, the Punjab authorities on Saturday introduced partnership with the Abdul Latif Jameel Poverty Action Lab (J-PAL) South Asia and the Energy Policy Institute on the University of Chicago (EPIC India) to launch the use of an emissions trading scheme (ETS).
The state’s Industry and Commerce and the Science, Technology and Environment Departments would work with them to design and set up air pollution markets in Punjab.
The partnership contains offering technical help and capability constructing to public officers to successfully use information and analysis proof from established and functioning emissions trading market in Surat in Gujarat.
As a primary step on this partnership, the state authorities and the Punjab Pollution Control Board would additionally launch an ETS to regulate emissions from 200 dyeing industries in Ludhiana apart from lowering particulate and greenhouse gasoline (GHG) emissions within the state.
Elaborating on the partnership, Principal Secretary Industries and Commerce Alok Shekhar mentioned, “The state authorities is eager to fight environmental air pollution by means of regulation that guarantees a win-win scenario of cleaner manufacturing, coupled with decrease compliance prices for industries.
“ETS is one such initiative that may assist regulate critically and severely polluted industrial belts in Punjab.” In his handle, Michael Greenstone, the Milton Friedman Distinguished Service Professor in Economics, Director of EPIC and Co-Chair of Energy, Environment and Climate Change of J-PAL, mentioned, “Pollution reductions could be delivered — the world’s first ETS for particulate air pollution in Gujarat has already proven this.
“Punjab is now changing into the second Indian state to undertake this pioneering imaginative and prescient. For varied different Indian cities battling polluted air and costly rules, ETS has the potential to enhance air high quality and well being, scale back the regulatory burden on industries, and reduce authorities enforcement expenditures.”
Notably, this initiative is an element of an ongoing partnership between the state authorities and J-PAL South Asia, whereby since 2017 J-PAL South Asia has labored with state departments to facilitate rigorous, policy-relevant analysis and the scale-up of profitable programmes.
ETS affords a market-based method to scale back air air pollution during which governments set a cap on emission ranges and distribute emissions permits amongst corporations.
The method entails utilizing steady emissions monitoring programs to ship real-time and steady readings of particulate emissions and allow higher and extra focused regulatory oversight requirements.
A randomised analysis carried out by J-PAL South Asia of the world’s first ever ETS for particulate matter throughout 350 extremely polluting industries in Surat discovered proof that the scheme affords a mechanism for enhancing air high quality that’s clear and predictable.
Moreover, it additionally has the potential to remodel the trade-off between environmental regulation and financial development by decreasing compliance prices for corporations. IANS