India:PM2.5 emissions trading introduced-National Commodity Derivative Exchange (NCDEX)

India:PM2.5 emissions trading introduced-National Commodity Derivative Exchange (NCDEX)

Ahmedabad

June 14, 2019

Environmental Pollution Control Board (GPCB):

On June 5, the Gujarat Environmental Pollution Control Board (GPCB) in western India announced that it had introduced the Emissions Trading Scheme (ETS) for fine particulate matter (PM 2.5) as a countermeasure against air pollution.

The introduction of the system specialized for particulate matter such as PM2.5 and PM10 is the world’s first.

Indian National Commodity Derivative Exchange (NCDEX):

It plans to do emissions trading through the Indian National Commodity Derivative Exchange (NCDEX).

The state government will pre-introduce 167 of the 350 companies scheduled to introduce the scheme.

It will be introduced to the entire company from August 1st.

-JETRO

https://www.jetro.go.jp/biznews/2019/06/5274b9f1a605bebc.html