Surat showcases world’s first successful emission trading system

“The idea for an emission trading system germinated after a team of the Central Pollution Control Board (CPCB) and J-PAL (Abdul Latif Jameel Poverty Action Lab research centre at the Massachusetts Institute of Technology) came to Surat sometime in 2012”. This is Jitubhai Vakharia, president of the South Gujarat Textile Processors Association. “During a meeting with them, I realised we were wasting money on compliance with environmental laws under a corrupt inspector raj,” he says.