World’s first particulate matter trading scheme in Gujarat cut pollution by up to 30%, finds study led by ex-Obama advisor

Category : Air Pollution | Location : Gujarat  | Posted on 2025-04-21 10:40:32

The world’s first-ever market for trading in particulate matter emissions—launched in Gujarat’s Surat in 2019 through partnerships with the University of Chicago, Yale University, and the Abdul Latif Jameel Poverty Action Lab (J-PAL)—has reduced pollution by 20-30% among participating industries while lowering their compliance costs, according to a recent study published in The Quarterly Journal of Economics.

Source: https://indianexpress.com/article/india/particulate-matter-trading-scheme-gujarat-pollution-obama-advisor-9945920/