Surat Archives - Disasters News

A groundbreaking study has revealed that Surat Gujarat, home to the world’s first market for trading particulate matter emissions, has successfully reduced industrial pollution and saved businesses money. Published in the Quarterly Journal of Economics (May 2025 edition) the study highlights how this innovative Emissions Trading Scheme (ETS) achieved both environmental and economic wins. The ETS, which began as a pilot project over five years ago, is the first of its kind globally to target particulate pollution a major health hazard in India. The programme was a joint effort by the Gujarat Pollution Control Board and the Energy Policy Institute at the University of Chicago. Using real-time monitoring systems, 318 large coal-using industrial plants in Surat were brought under a cap-a...

A ground-breaking cap-and-trade programme to control industrial air pollution in Surat, Gujarat, has led to a significant 20–30% reduction in particulate matter emissions while lowering costs for factories and boosting regulatory compliance a new study has revealed. Published in the May 2025 issue of The Quarterly Journal of Economics, the study evaluated the Surat Emissions Trading Scheme (ETS) the world’s first market-based initiative for trading in particulate matter emissions and India’s first pollution trading scheme of any kind. Developed by the Gujarat Pollution Control Board (GPCB) in partnership with the Energy Policy Institute at the University of Chicago, the Surat ETS required 318 large coal-based industrial plants to install real-time emissions monitoring systems. Instea...

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India First Pollution Market in Surat Cuts Emissions Saves Money Study

India First Pollution Trading Market in Surat Cuts Emissions by 30%