https://www.taxtmi.com/news?id=57916 A cap-and-trade market for particulate emissions in Surat substituted a market-based permit trading system for conventional controls, enabling firms to buy and sell allowances under an overall cap. The pilot yielded greater emission reductions than traditional regulation, sharply reduced non-compliance, lowered firms' compliance costs, and increased profitability. Following pilot results, Gujarat expanded to a second market in Ahmedabad and is developing sulfur-dioxide and wastewater trading schemes for broader replication. en-us Mon, 06 Oct 2025 17:31:03 +0530 Mon, 06 Oct 2025 17:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=57916 A cap-and-trade market for particulate emissions in Surat substituted a market-based permit trading system for conventional controls, enabling firms to buy and sell allowances under an overall cap. The pilot yielded greater emission reductions than traditional regulation, sharply reduced non-compliance, lowered firms' compliance costs, and increased profitability. Following pilot results, Gujarat expanded to a second market in Ahmedabad and is developing sulfur-dioxide and wastewater trading schemes for broader replication. News - Mon, 06 Oct 2025 17:31:03 +0530 https://www.taxtmi.com/news?id=57916