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Emissions Trading in the Indian Context
The article “As Green Delhi Turns Grey” (EPW, 9 May 2015) by Kaushik Ranjan Bandyopadhyay and Kasturi Das recommends “moving away from the existing command and control mechanism to a market-based mechanism based on pollution trading.” It does so after arguing that pollution in cities like Delhi results from multiple sources requiring a policy that recognises so-called co-benefits, say from better waste management and fuel standards.
The article “As Green Delhi Turns Grey” (EPW, 9 May 2015) by Kaushik Ranjan Bandyopadhyay and Kasturi Das recommends “moving away from the existing command and control mechanism to a market-based mechanism based on pollution trading.” It does so after arguing that pollution in cities like Delhi results from multiple sources requiring a policy that recognises so-called co-benefits, say from better waste management and fuel standards.
We argue that pollution trading can only be one of the tools of the state pollution control bodies. While there can be no dissension about greater transparency and scrutiny of the pilot projects for emissions trading in the industrial clusters of Gujarat, Maharashtra and Tamil Nadu, emphasis needs to be laid on strengthening the capacity of regulatory bodies and devising other policies with co-benefits, such as promoting non-motorised transport.
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