After Gujarat win, an emissions trading experiment heads to Rio
Participating factories emit up to 30% less particulate pollution than non-market counterparts. But can the scheme work in Rio’s vastly different context? The post After Gujarat win, an emissions trading experiment heads to Rio appeared first on Dialogue Earth .
In 2019, Swastik Poly Prints, a textile factory based in Gujarat, India, joined the city's emissions trading scheme (ETS). Owner Binay Agrawal reported that the company has reduced particulate matter emissions by at least 30%. The ETS is a cap-and-trade system allowing companies to buy and sell permits for particulate matter emissions.
Emissions Market Accelerator (EMA) introduced this system to Gujarat, providing participating factories an online dashboard to track emissions. Agrawal claimed that continuous emissions data assisted in enhancing combustion efficiency. ETS has helped Swastik Poly Prints remain "well within the limit" of its cap. Now, EMA is exploring Rio de Janeiro's interest in adopting a similar market-based approach to tackle industrial pollution.
A memorandum of understanding between EMA and the city of Rio, set to determine the specifics of the partnership, is currently under legal review.
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