{"id":15990,"date":"2025-04-24T16:18:48","date_gmt":"2025-04-24T16:18:48","guid":{"rendered":"https:\/\/exam.pscnotes.com\/current-affairs\/?p=15990"},"modified":"2025-04-24T16:19:34","modified_gmt":"2025-04-24T16:19:34","slug":"carbon-market","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/current-affairs\/carbon-market\/","title":{"rendered":"Carbon Market"},"content":{"rendered":"<ul>\n<li>\n<p><strong>ETS Defined:<\/strong> An Emissions Trading Scheme (ETS) is a market-based regulatory tool to reduce air pollution by incentivizing emission reductions through tradable permits. It sets a cap on total emissions.<\/p>\n<\/li>\n<li>\n<p><strong>How it works:<\/strong> Industries receive\/purchase emission permits (&#8220;allowances&#8221;). Cleaner industries can sell excess permits to those exceeding limits. Called &#8220;cap-and-trade&#8221;.<\/p>\n<\/li>\n<li>\n<p><strong>Surat ETS Significance:<\/strong> World&#8217;s first ETS focused on particulate pollution (not CO2) and India&#8217;s first emissions market for any pollutant. Targeted 342 industries in Surat, primarily textiles.<\/p>\n<\/li>\n<li>\n<p><strong>Surat ETS Design:<\/strong> A cap on total particulate matter emissions was set and later tightened. Permits were issued, mostly for free initially, with auctions for a portion. Price floor and ceiling maintained stability.<\/p>\n<\/li>\n<li>\n<p><strong>Surat ETS Results:<\/strong> Plants under ETS reduced emissions more than those under conventional regulation, complied with permits. Non-ETS plants often failed to meet norms.<\/p>\n<\/li>\n<li>\n<p><strong>ETS Criticism:<\/strong><\/p>\n<ul>\n<li>Over-allocation of permits can keep prices low, hindering investment in cleaner tech.<\/li>\n<li>Lobbying can delay tightening of caps.<\/li>\n<li>Using emission intensity instead of absolute caps can be problematic.<\/li>\n<li>Markets have sometimes disproportionately affected disadvantaged communities.<\/li>\n<\/ul>\n<\/li>\n<li>\n<p><strong>ETS Aim:<\/strong> To address monitoring and enforcement gaps in command-and-control systems by offering flexibility and incentives for compliance.<\/p>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>ETS Defined: An Emissions Trading Scheme (ETS) is a market-based regulatory tool to reduce air pollution by incentivizing emission reductions through tradable permits. It sets a cap on total emissions. How it works: Industries receive\/purchase emission permits (&#8220;allowances&#8221;). Cleaner industries can sell excess permits to those exceeding limits. Called &#8220;cap-and-trade&#8221;. Surat ETS Significance: World&#8217;s first &#8230; <a title=\"Carbon Market\" class=\"read-more\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/carbon-market\/\" aria-label=\"Read more about Carbon Market\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":16001,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[595],"tags":[1284],"class_list":["post-15990","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs","tag-23-04-25"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Carbon Market - Current Affairs Exam<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/carbon-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Carbon Market\" \/>\n<meta property=\"og:description\" content=\"ETS Defined: An Emissions Trading Scheme (ETS) is a market-based regulatory tool to reduce air pollution by incentivizing emission reductions through tradable permits. It sets a cap on total emissions. How it works: Industries receive\/purchase emission permits (&#8220;allowances&#8221;). Cleaner industries can sell excess permits to those exceeding limits. Called &#8220;cap-and-trade&#8221;. Surat ETS Significance: World&#8217;s first ... Read more\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/current-affairs\/carbon-market\/\" \/>\n<meta property=\"og:site_name\" content=\"Current Affairs Exam\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-24T16:18:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-04-24T16:19:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/exam.pscnotes.com\/current-affairs\/wp-content\/uploads\/sites\/307\/2025\/04\/15990_1745511571.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"433\" \/>\n\t<meta property=\"og:image:height\" content=\"650\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Carbon Market - Current Affairs Exam","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/current-affairs\/carbon-market\/","og_locale":"en_US","og_type":"article","og_title":"Carbon Market","og_description":"ETS Defined: An Emissions Trading Scheme (ETS) is a market-based regulatory tool to reduce air pollution by incentivizing emission reductions through tradable permits. It sets a cap on total emissions. How it works: Industries receive\/purchase emission permits (&#8220;allowances&#8221;). Cleaner industries can sell excess permits to those exceeding limits. Called &#8220;cap-and-trade&#8221;. Surat ETS Significance: World&#8217;s first ... Read more","og_url":"https:\/\/exam.pscnotes.com\/current-affairs\/carbon-market\/","og_site_name":"Current Affairs Exam","article_published_time":"2025-04-24T16:18:48+00:00","article_modified_time":"2025-04-24T16:19:34+00:00","og_image":[{"width":433,"height":650,"url":"https:\/\/exam.pscnotes.com\/current-affairs\/wp-content\/uploads\/sites\/307\/2025\/04\/15990_1745511571.jpg","type":"image\/jpeg"}],"author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/current-affairs\/carbon-market\/","url":"https:\/\/exam.pscnotes.com\/current-affairs\/carbon-market\/","name":"Carbon Market - Current Affairs Exam","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/current-affairs\/#website"},"primaryImageOfPage":{"@id":"https:\/\/exam.pscnotes.com\/current-affairs\/carbon-market\/#primaryimage"},"image":{"@id":"https:\/\/exam.pscnotes.com\/current-affairs\/carbon-market\/#primaryimage"},"thumbnailUrl":"https:\/\/exam.pscnotes.com\/current-affairs\/wp-content\/uploads\/sites\/307\/2025\/04\/15990_1745511571.jpg","datePublished":"2025-04-24T16:18:48+00:00","dateModified":"2025-04-24T16:19:34+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/current-affairs\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"breadcrumb":{"@id":"https:\/\/exam.pscnotes.com\/current-affairs\/carbon-market\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/exam.pscnotes.com\/current-affairs\/carbon-market\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/exam.pscnotes.com\/current-affairs\/carbon-market\/#primaryimage","url":"https:\/\/exam.pscnotes.com\/current-affairs\/wp-content\/uploads\/sites\/307\/2025\/04\/15990_1745511571.jpg","contentUrl":"https:\/\/exam.pscnotes.com\/current-affairs\/wp-content\/uploads\/sites\/307\/2025\/04\/15990_1745511571.jpg","width":433,"height":650},{"@type":"BreadcrumbList","@id":"https:\/\/exam.pscnotes.com\/current-affairs\/carbon-market\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/exam.pscnotes.com\/current-affairs\/"},{"@type":"ListItem","position":2,"name":"Carbon Market"}]},{"@type":"WebSite","@id":"https:\/\/exam.pscnotes.com\/current-affairs\/#website","url":"https:\/\/exam.pscnotes.com\/current-affairs\/","name":"Current Affairs Exam","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/exam.pscnotes.com\/current-affairs\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/exam.pscnotes.com\/current-affairs\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209","name":"rawan239","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/exam.pscnotes.com\/current-affairs\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","caption":"rawan239"},"sameAs":["https:\/\/exam.pscnotes.com"],"url":"https:\/\/exam.pscnotes.com\/current-affairs\/author\/rawan239\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/exam.pscnotes.com\/current-affairs\/wp-json\/wp\/v2\/posts\/15990","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/exam.pscnotes.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/exam.pscnotes.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/current-affairs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=15990"}],"version-history":[{"count":0,"href":"https:\/\/exam.pscnotes.com\/current-affairs\/wp-json\/wp\/v2\/posts\/15990\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/current-affairs\/wp-json\/wp\/v2\/media\/16001"}],"wp:attachment":[{"href":"https:\/\/exam.pscnotes.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=15990"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=15990"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=15990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}