A market-based approach to reduce industry’s regulatory costs while lowering air pollution through a series of emissions trading systems.
The Clean Air Markets is a pioneering effort to reduce pollution while maintaining economic growth. In 2019, EPIC-India and the Indian state of Gujarat launched the world’s first emissions trading system for particulate pollution in the city of Surat. Since that time, the team has been working to expand clean air markets in India, and launched another particulate pollution market in Ahmedabad. The team is also expanding this work to include other pollutants, such as a sulfur dioxide market in Maharashtra. The pilot scheme in Surat has shown to be successful, with pollution decreasing by about 20 percent with no significant increase in industry operating costs.
