Tuesday November 19, 2019
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Emissions Trading Scheme in Surat Cuts Pollution, Hikes Profit

Companies can trade their allowances, enabling them to further reduce their emissions

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Pollution
With the festival of lights Diwali approaching, the need to confront Pollution becomes even more critical. Pixabay

The emissions trading scheme for trading greenhouse gas emissions allowances that has been adopted by Surat in Gujarat can reduce pollution 29 per cent while increasing profits for a majority of industrial plants, international researchers said on Friday.

Companies can trade their allowances, enabling them to further reduce their emissions.

With the festival of lights Diwali approaching, the need to confront pollution becomes even more critical.

In a move that is revolutionising India’s approach to pollution policies, Surat is the world’s first city that, on September 15, adopted an emissions trading scheme for particulate pollution.

An analysis by researchers from the University of Chicago and Yale University quantifies the significant potential the programme offers to reduce pollution while allowing continued economic growth.

“This first look at the programme finds that the Gujarat Pollution Control Board’s emissions trading scheme is projected to both foster economic growth by reducing industries’ compliance costs and improve people’s health by reducing particulate air pollution. It is bringing Indian environmental policy to the global frontier,” said Michael Greenstone, a co-author of the report.

Pollution
This first look at the programme in Surat finds that the Gujarat Pollution Control Board’s emissions trading scheme is projected to both foster economic growth by reducing industries. Pixabay

He’s the Milton Friedman Distinguished Service Professor in Economics and director of the Energy Policy Institute at the University of Chicago.

Greenstone and his co-authors find the programme can reduce particulate pollution by 29 per cent.

It can do so by setting a cap on the amount of pollution plants can emit equivalent to the amount they would have emitted if they had complied with current regulations, and allots permits to plants.

Plants that emit less pollution can sell their extra permits to plants that find it too costly to comply.

This “cap-and-trade” system delivers plants greater flexibility and will cost plants 36 per cent less than installing pollution abatement equipment.

Because a large majority of permits are given to industries for free at the start of the market, plants able to sell permits actually make money from the programme.

All total, the analysis finds the vast majority of industries will see their profits increase by greater than Rs 5.5 lakh per annum with the average increase in profits being Rs 8.6 lakh per year.

Pollution
“Cap-and-Trade” system in Surat delivers plants greater flexibility and will cost plants 36 per cent less than installing pollution abatement equipment. Pixabay

“The implementation of the pilot emissions trading scheme demonstrates remarkable foresight and imagination from Indian regulators and industry who are now using cutting-edge technology and economic techniques to balance the twin objectives of economic growth and air quality improvement,” said co-author Rohini Pande, the Henry J. Heinz II Professor of Economics and director of the Economic Growth Center at Yale University.

Greenstone and Pande, along with their colleagues Anant Sudarshan from the University of Chicago and Nicholas Ryan from Yale University, and others from The Abdul Latif Jameel Poverty Action Lab, are evaluating the benefits and costs of the pilot.

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They will provide periodic analysis throughout its course as well as a full evaluate at its conclusion, in coordination with the Gujarat Pollution Control Board. (IANS)

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Sale Of Cow-Dung Cakes In US Store Elicited Witty Responses On Twitter

Sale of cow-dung cakes at US store fuels Twitterati's imagination

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Twitter post on cow-dung sale
The sale of cow-dung cakes in a US store for Rs 215 elicited witty responses from users on twitter. Pixabay

A Twitter post by an Indian journalist on Monday on the sale of cow-dung cakes in a US store for Rs 215 elicited witty responses from users.

“My cousin sent me this. Available at a grocery store in Edison, New Jersey. $2.99 only. My question: Are these imported from desi cows or are they from Yankee cows?” Samar Halarnkar tweeted on his handle @samar11.

The accompanying picture showed a packet of 10 cow-dung cakes, with the label duly informing prospective customers that the product was meant only for “religious purposes” and was “not eatable” (sic).

The post got quite a few humorous reactions. One user wrote: “Better to market them as ‘Cow Dung Cookies’ in the US.”

Cow-dung
A US store is selling Cow-dunk cakes for fuel. Pixabay

“It does not guarantee the ‘cakes’ are made from Cow-Dung from cows native to India,” said another user.

One tweet said: “Product of India”.

Another asked: “Is that from buffalo??? Raw material Input/output High!!!”

One raised suspicion on the quality of the product in a witty way: “Morality question is kya inka character dheela hai #sorrynotsorry.”

“If someone wants to eat them, they should be allowed to do so,” read a tweet.

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One user reminded that “Religious or not, this is good fuel for conventional Punjabi cooking.”

In a cheeky play on words, one user said: “Isko dekh kar maine DUNG reh gaya.”

Earlier this year, Amazon was selling ‘natural’ coconut shells for nearly Rs 1,400. (IANS)

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