{"id":45933,"date":"2025-04-23T14:59:22","date_gmt":"2025-04-23T09:29:22","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=45933"},"modified":"2025-05-28T15:08:50","modified_gmt":"2025-05-28T09:38:50","slug":"emissions-trading-scheme","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/emissions-trading-scheme\/","title":{"rendered":"Emissions Trading Scheme (ETS)"},"content":{"rendered":"<h2>Emissions Trading Scheme (ETS) Latest News<\/h2>\n<p>The Surat Emissions Trading Scheme (ETS) is the world\u2019s first market-based mechanism specifically designed to control particulate air pollution.<\/p>\n<h2>What is an Emissions Trading Scheme (ETS)?<\/h2>\n<ul>\n<li>An\u00a0<strong>Emissions Trading Scheme (ETS)<\/strong>\u00a0is a\u00a0<strong>regulatory tool<\/strong>\u00a0that aims to\u00a0<strong>reduce air pollution<\/strong>\u00a0by introducing\u00a0<strong>economic incentives<\/strong>.\n<ul>\n<li>Under ETS, a\u00a0<strong>cap<\/strong>\u00a0is imposed on the total permissible emissions.<\/li>\n<li><strong>Industries receive emission permits<\/strong>, which can be\u00a0<strong>bought and sold<\/strong>, allowing companies to\u00a0<strong>trade pollution rights<\/strong>.<\/li>\n<li>This system is also referred to as\u00a0<strong>&#8220;cap-and-trade&#8221;<\/strong>.<\/li>\n<li><strong>Cleaner industries<\/strong>\u00a0can sell their unused permits to\u00a0<strong>polluting units<\/strong>, creating an\u00a0<strong>economic incentive for pollution reduction<\/strong>.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h2>Why is the Surat ETS Significant?<\/h2>\n<ul>\n<li>The\u00a0<strong>Surat Emissions Trading Scheme (ETS)<\/strong>\u00a0launched in\u00a0<strong>2019,<\/strong>\u00a0is the\u00a0<strong>world\u2019s first ETS focused on trading particulate pollution<\/strong>\u00a0(not CO\u2082), and\u00a0<strong>India\u2019s first emissions market<\/strong>\u00a0for any pollutant.<\/li>\n<li>It targeted\u00a0<strong>342 high-emitting industries<\/strong>, mainly in the\u00a0<strong>textile sector<\/strong>, which used solid fuels like\u00a0<strong>coal and lignite<\/strong>, and liquid fuels like\u00a0<strong>diesel<\/strong>.<\/li>\n<li>The scheme was developed by the\u00a0<strong>Gujarat Pollution Control Board (GPCB)<\/strong>\u00a0in collaboration with\u00a0<strong>J-PAL<\/strong>,\u00a0<strong>EPIC<\/strong>, and\u00a0<strong>Yale University<\/strong>.<\/li>\n<\/ul>\n<p><strong>Source:\u00a0<\/strong><a href=\"https:\/\/indianexpress.com\/article\/explained\/explained-climate\/world-first-particulate-emissions-market-gujarat-9949535\/\" target=\"_blank\" rel=\"nofollow noopener\">IE<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>An Emissions Trading Scheme (ETS) is a regulatory tool that aims to reduce air pollution by introducing economic incentives.<\/p>\n","protected":false},"author":8,"featured_media":45940,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[219,21,23],"class_list":{"0":"post-45933","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"tag-emissions-trading-scheme-ets","9":"tag-prelims-pointers","10":"tag-upsc-prelims-current-affairs","11":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/45933","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=45933"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/45933\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/45940"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=45933"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=45933"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=45933"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}