Build More Than A Network Different way of looking at the challenges of the global network ET HealthWorld A one stop platform that caters to the pulse of the pulsating healthcare European Parliament approves carbon market reforms. A major drawback of an emission tax is that the environmental outcome e. Organization for Economic Co-operation and Development. Under cap and trade, the emissions cost automatically decreases, so a cap-and-trade scheme adds another automatic stabilizer to the economy - in effect, an automatic fiscal stimulus.
The paper reviews two schemes sysgem India that kndia some degree of resemblance with the 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 of tfading polluting states in India Gujarat, Maharashtra and Tamilnadu. Although the scheme is 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 emiesion from the traditional command and control regulation where the industrial point sources have to comply with emission trading system india wmission set by the Central Pollution Control Board CPCB or else pay a high penalty. It instead sets a pollution target for an area based on ambient air quality standard and allocates permits to 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 emssion checking and also minimises the problem that potentially arises with suspicious or wrong emssion by third-party auditors. The second scheme known as Perform Achieve and Trade PAT scheme is a flagship programme of the Bureau of Energy Efficiency, Ministry of Power, Government of India, under tradjng 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 consumers DCs. Although the scheme ysstem not involve any 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 in linking systtem 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 institutional mechanism of the scheme and explores the potential in its linking with other international carbon offsetting schemes.
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RIS EndNote, RefMan, ProCite. Emisdion of creation: Jan Keywords: emission trading ; air pollution ; energy efficiency ; emission trading ; air pollution ; energy efficiency ; Q ; Q ; Q ; Q ; Find related papers by JEL classification:. This paper has been announced in the following NEP Reports : NEP-ALL All new papers.
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More options are now at bottom of page. IDEAS is a service hosted by the Research Division of the Federal Reserve Bank of St. Log in now much improved! Emission Trading in India: A Study of Two Schemes. Contents: Author info Abstract Bibliographic info Download info Related research References Citations Lists Statistics Corrections. Author Info Listed author s : Bandyopadhyay, Kaushik Ranjan. Registered author s : Kaushik Ranjan Bandyopadhyay.
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Emissions Trading Scheme
This paper presents an overview of the Emissions Trading Scheme. It further presents the positives of this scheme and also its criticisms and problems. May 29, · Analysis: India takes unique path to lower carbon emissions. a senior Chinese official said the government would launch pilot emissions trading. The World’s Carbon Markets: A Case Study Guide to Emissions Trading . Last Updated: May, Page 1 of India ’s India ’s REC trading system was.