In the Media
India: MoEF launches pilot carbon trading scheme in 3 states
April 16, 2012
The Indian Express
The Ministry of Environment and Forests (MoEF) has initiated a pilot carbon trading scheme in Gujarat and two other states in the hope that these states may begin to meet the National Ambient Air Quality Standards (NAAQS).
“The concentration of particulate matter in Tamil Nadu, Maharashtra and Gujarat is higher than the norms prescribed in NAAQS-2009. It is felt that the market based approaches to control environmental quality have the potential to deliver desired environmental outcomes at the lowest social cost,” the MoEF said in its annual report for 2011-12, released last Friday.
“The Ministry of Environment and Forests, in association with the Central Pollution Control Board (CPCB) and the State Pollution Control Boards (SPCBs) of Gujarat, Maharashtra and Tamil Nadu, has initiated a large scale pilot programme to design a particulate emissions trading regulatory regime for industry. The proposed Market Based Emissions Trading Scheme will set a new model for environmental regulation in India,” the Ministry added.
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Keywords: Asia, carbon, carbon trading, Gujarat, India, MOEF, policies