This is an archive article published on April 16, 2012
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Carbon trading: MoEF launches pilot scheme in 3 states

The Ministry of Environment and Forests has initiated a pilot carbon trading scheme in Gujarat and two other states in the hope that these states may begin to meet the National Ambient Air Quality Standards.

Written by: Adam Halliday
3 min readAhmedabadApr 16, 2012 05:30 AM IST First published on: Apr 16, 2012 at 05:30 AM IST

The Ministry of Environment and Forests (MoEF) has initiated a pilot carbon trading scheme in Gujarat and two other states in the hope that these states may begin to meet the National Ambient Air Quality Standards (NAAQS).

“The concentration of particulate matter in Tamil Nadu,Maharashtra and Gujarat is higher than the norms prescribed in NAAQS-2009. It is felt that the market based approaches to control environmental quality have the potential to deliver desired environmental outcomes at the lowest social cost,” the MoEF said in its annual report for 2011-12,released last Friday.

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