Surat particulate emissions market cut pollution by up to 30% in plants: Study

The world's first-ever market for trading in particulate matter emissions—launched in Gujarat's Surat in 2019 through partnerships with researchers from 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.

- Nikhil Ghanekar

THE WORLD'S FIRST-EVER market for trading in particulate matter emissions—launched in Gujarat's Surat in 2019 through partnerships with researchers from 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.