While a cap & trade scheme is not the only way to address the challenge, it does offer a market-based economically-efficient pathway to achieving pollution reduction.
As we write this, Delhi’s air pollution index has been over 500 and climbing closer to 700. From experience, this will climb further in a matter of weeks. Discussions about the problem have resurfaced, but sadly much of the discussion continues to be around who is at fault—where the pollution is coming from and what activity causes it.
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Article by Amit Kapur & Mahua Acharya published in Financial Express.
Amit has anchored the Firm’s Infrastructure practice since 1997 with focus on infrastructure sectors. His practice focusses on dispute resolution, public procurement, PPP and transactions in Energy (Power, Hydrocarbons, Natural Resources); Climate Change & Sustainable Development; Transport (Rail, Highways and Civil Aviation); Communications; Municipal Infrastructure and Social / Developmental projects.