India Plans Emissions Trading Scheme

India will announce a market-based emission trading scheme on February 1, which will aim to introduce a self-regulated system for manufacturing units and put a price on the emission of pollutants, reports say. The emissions trading scheme will be first introduced in the states of Gujarat and Tamil Nadu. In an emission trading scheme, the regulator sets the overall amount of emissions but does not decide what any particular source will emit. Industrial plants and other polluters, rather than being told a fixed emissions limit, face a price for their emissions and...

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