World’s first particulate matter trading scheme: A recent study led by Michael Greenstone, found that the Surat Emission Trading Scheme (ETS) launched in Gujarat in 2019 cut particulate matter pollution by 20–30% while also reducing compliance costs for industries
oParticles under 10 micrometers can reach the lungs and bloodstream, causing serious health problems.
o Objective: Aimed to curb air pollution by trading permits for particulate matter emissions.
o Collaboration: Launched with University of Chicago, Yale University, and J-PAL.
o Global First: Recognised as the world’s first particulate matter emissions market.
o Mechanism: Allowed industries to buy/sell permits to stay within emission caps.
o Global Comparison: Similar to cap-and-trade systems in Europe (greenhouse gases) and China (carbon emissions).
o Pollution Cap: Each plant was given a pollution limit and could trade permits to meet it.
o Trading Platform: Permits were traded via NeML platform.
o Penalty: Fines were imposed on plants failing to comply with permit norms.
o Emission Reduction: ETS plants cut particulate emissions by 20–30%.
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Are you dreaming of becoming an IAS officer? Then, IAShub can be your best guide. It is one of the Best IAS Coaching in Delhi. Many students who want to clear the UPSC exam join IAShub for learning. The institute gives both online and offline classes. Their teachers are experienced and helpful. They easily explain every topic. Students also get notes, tests, and tips to do well in the exam.
IAShub is in Delhi and is trusted by many UPSC students. It offers coaching for every part of the UPSC exam – Prelims, Mains, and Interview. The classes are simple and easy to understand. The teachers are experts and guide students in the right way. IAShub is also known for its helpful notes, test series, and answer-writing practice. IAShub is the best coaching in Delhi and also gives UPSC Online Classes. This helps students from any place in India to learn. The online classes are live and also recorded. So, students can watch them anytime. These classes cover the full UPSC syllabus.
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The UPSC Civil Services Exam has three parts:
This exam is tough, but with the right guidance, it becomes easy to manage. Students must study smart and stay regular.
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IAShub also guides students during the final stage – the interview. Experts take mock interviews and give useful tips. This full support makes IAShub one of the best IAS coaching in Delhi.