Emission trading system in india
EconPapers Home About EconPapers Working Papers Journal Articles Books and Chapters Software Components Authors JEL codes New Economics Papers Advanced Search. A Study of Two Schemes Kaushik Bandyopadhyay Obfuscate 'gmail. The paper reviews two schemes in India that have some degree of resemblance with trading market based emission trading mechanism like EU-ETS. The first scheme is an innovative emission trading scheme on an air pollutant namely respiratory solid particulate matter RSPM with serious potential health implication. The scheme has been piloted in industrial clusters emission three polluting states in India Gujarat, Maharashtra and Tamilnadu. Although the scheme india not on CO2, this happens to be the first of its kind emission trading system in a developing country that mimics the EU-ETS system. The scheme shifts away from the traditional command and control regulation where the industrial point sources have to comply with the norms set by the Central Pollution Control Board CPCB emission else pay a trading penalty. It instead sets a pollution target for an area based on ambient air quality emission and allocates permits system industrial point sources that would then be traded based on gains or shortfalls from compliance after verification. For setting the baseline and verification the scheme relies on a continuous emission monitoring system CEMS that provides real-time information on emission and resolves much of the problems that are otherwise prevalent with spot checking and also minimises the problem that potentially arises with suspicious or wrong reporting by third-party auditors. The second scheme known as Perform Achieve and Trade PAT scheme is a flagship programme of system Bureau of Energy Efficiency, Ministry of Power, Government of India, under the National Mission on Enhanced Energy Efficiency NMEEE. The programme also resembles a cap and trade mechanism and involves trading in energy saving certificates between energy intensive industrial production units identified as designated india DCs. Although the scheme does not involve system direct trading based on absolute or relative CO2 emissions but the potential unit of energy saved expressed in tonnes of oil equivalent could easily be converted into CO2 emission equivalent. The scheme has the potential to pave the way for creating a more holistic market for emission trading in India. The scheme also holds lot of promises emission linking with the international carbon offsets market through adjustments and harmonisation in monitoring, reporting and verification MRV. In the light of this, the paper also provides a review of the operation and system mechanism of the india and explores trading potential trading its linking with other international carbon offsetting schemes. Add references at CitEc Citations Track citations by RSS feed Downloads: This item may be available elsewhere in EconPapers: Search for items with the same title. Series data maintained by Kazuki Tamura Obfuscate 'agi. Is your work missing from RePEc? Here is how to contribute. Check the EconPapers FAQ or send mail to Obfuscate 'oru. This site is part of RePEc and all the data displayed here is part of the RePEc data set. EconPapers Home About EconPapers Working Papers Journal Articles Books and Chapters Software Components Authors JEL codes New Economics Papers Advanced Search EconPapers FAQ Archive maintainers FAQ Cookies at EconPapers India for printing The RePEc blog The RePEc plagiarism page. Emission Trading in India:
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