Art & Culture
- Right to access internet is fundamental right declares Kerala High Court
- Legal rights of Deities in India, Difference in Natural and Juristic Person
- Bru refugees refuse to return to Mizoram
- No animal sacrifice in Tripura temple-Orders High Court
- EC’s Order on Reducing Sikkim CM’s Disqualification Period
- Law Ministry issues corrigendum to Jammu and Kashmir Reorganisation Act
- Appointment of the Judges in India.
- New Chief Justice of India- How is CJI appointed?
- Indian Penal Code 1860, HM Amit Shah wants to Overhaul IPC
- National Population Register (NPR) 2020
- Whistle Blowers Allegations on Infosys
Governance & Social Justice
- 60% girls in Delhi colleges anaemic
- Niti aayog’s School education quality index
- Multipurpose National Identity Card
- Population pyramid : India Vs China, Demographic dividend Phase of India
- UN Population Report, India will become the most populous country by 2027
- Supreme Court upholds SC and ST (Prevention of Atrocities) Amendments Act
- Comparing Population Pyramids of India and China
- Waqf boards-Their governance and purpose
- Harvard Admissions Case
- Pradhan Mantri Jan Arogya Yojana- Ist Anniversary, Problems and solutions
- Significance of sexual and Reproductive Health-Status of reproductive services in India
- Pregnancy in Old Age, What is In Vitro Fertilisation-Risks and legal shortcomings
- Supreme Court Judgement on NGOs and RTI
- Social Stock Exchange
- Rajasthan Govt changes EWS norms, Sets Rs 8 lakh family income as only criteria
- Global hunger index 2019
- No Government job for those with more than two kids
- Ranitidine CANCER risk
- IIT Council Introduces Tenure track system
- Bangladesh growing faster than India ?
- Cyprus dispute explained
- Donald Trump impeachment
- India wins Hyderabad Nizam case against Pakistan
- India’s reply to Pakistan at UNGA
- Prime Minister of Malaysia calls India and invader in Kashmir
- Should India recognise the armenian genocide ?
- Why are CARICOM countries important for India ?
- Why are countries leaving OPEC ?
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- Sri Lanka’s relations with India & China
- US troops start pullout in Syria as Turkey prepares for operation
- What are Vanilla Islands?
- India-USA trade deal
- UNHCR Nansen Refugee Award-2019
- Modi – Xi Informal meet at Mamallapuram – Historic Chinese links
- India China informal summit in Tamil nadu
- Pakistan save from FATF blacklist till 2020
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- Why is Chile burning ?
- Why is the Philippines important for India
- Xi jinping Nepal visit 2019 and impact on India
- India Pakistan Cross LOC Trade suspended, Should India revoke suspension?
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- Chennai to Vladivostok Sea Route
- End of baghdadi
- Indian government’s security advisory
- Indians no longer require Visa to visit Brazil
- Non Aligned Movement 2019 summit
- US backed Ceasefire between Turkey and Kurds
- Pakistan stops postal exchange with India
- China’s GDP growth slows to 6% slowest in 27 years
- Common Goods for Health project by WHO
- Turkey attack Kurds in Syria
- Behavioural Aspect of Farmer Suicide
- Is rural India really open defecation free ?
- Global Growth Slow Down
- Nobel Prize in Economics 2019
- Regional Comprehensive Economic Partnership
- SBI wrote off bad loans worth 76,000 crores
- Surge in Onion Price
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- What is Debt to GDP Ratio?
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- Boosting Indian Exports
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- Mizoram to have Broad Gauge railway line by 2021
- Demand downturn in Indian Economy
- Payment facilitation fund
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- RBI’s 4th Bi-monthly Monetary Policy 2019-20
- Tourism restrictions lifted in Kashmir
- Link between Jobs, Farming, and Climate
- Draft Social Security Code 2019
- State Tax Revenues, SGST and Central Tax Devolution are likely to fall short
- Competitiveness Index 2019 by World Economic Forum
- NITI Aayog’s Water Resources Strategy
- BSNL and MTNL financial issues-DoT prepares Rs 74000 crore revival plan
- 20th Livestock Census
- India falls 10 ranks in World economic forum’s Global competitiveness index
- RBI stops Printing Rs 2000 Notes
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- FCI granaries overflowing
- India’s Economic Growth 2019
- Financial Sector Scams in India
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- What is monetary policy Transmission? Why banks are not reducing interest
- Mahatma Gandhi’s theory of Economics
- India moves up 14 spots to 63 on world Bank ease of doing business index
- New amendments to the Motor Vehicles Act
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- Telecos to Pay Rs 96,642 crore to the Government
- Camel population declines in Rajasthan
- Merger of BSNL and MTNL
- World bank on Indian economy
Defence & Security
- Nagas Kukis Conflict, What is the cause of the latest tensions?
- Case against 50 Celebrities controversy
- Can Indian Government intercept WhatsApp?
- UP Government fires 25000 home guards, Is Yogi Government’s decision justified?
- NCRB’s Crime in India 2017 report
- Aadhaar Social Media mandatory linking case
- What is TechSagar? National repository of India’s cyber tech capabilities.
Science & Technology
- ISRO’S Project NETRA
- Facebook’s LIBRA Currency in trouble
- WHO launches first World report on Vision
- 2019 Nobel prize in physics
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- Elon musk’s starlink project
- NASA’s ICON mission
- New King of the Moons in the Solar system is Saturn
- What Is Spectroscopy ?
- Quantum supremacy
- Climate Vulnerable Mapping Of India
- C40 Cities
- Gujarat Unveils emission trading scheme
- Forest Plus 2.0
- Himalayan States seeks Green Bonus
- India to Phase Out Single Use Plastic (SUP) by 2022
- Role of Volcanoes in Global Warming
- NH 766 ban controversy, Protests in Kerala against night traffic ban on the forest stretch
- Climate Change needs Global Solution
- Aarey Forest -2185 trees to be cut for Mumbai metro
- Government to build 1400 km long Green wall
- Graded Response Action Plan in Delhi
- Aerosol formation brightening clouds
- Anthrax outbreak in Pobitora Wildlife Sanctuary, Two affected buffaloes died
- Species in News from June to October 2019
- Climate Action Summit 2019
Tag:GS 3 || Environment || Climate Change || India & Climate Change
Why in news?
- Gujrat government launched the world first market first trading in particular matter emissions.
- While trading mechanisms for pollution control do exist in many parts of the world, none of them is for particulate matter emissions.
About the emissions trading scheme:
- It was launched in Surat, the emissions trading scheme (ETS) is a regulatory tool that is aimed at reducing the pollution load in the area and at the same time minimizing the cost of compliance for the industry.
- Various industries can buy and sell the ability to emit particulate matter, by trading permits (in kilograms) under this cap.
Why was the Surat district chosen for ETS?
- In 2013, when the project was conceptualized, the PM10 level at air India building in Surat was 86 micrograms per cubic meter.
- According to GPCB annual reports, pollution levels have been increases between 120-200%, with pm10 in 2018 reaching up to 261 ug/cu M.
How the Trading Process does take place?
- At the beginning of everyone’s month compliance period (during which one emission permit is valid), 80% of the total cap of 280 tones for that period is distributed free to all participant Units.
- GPCB will offer the remaining 20% of the permits during the first auction of the compliances period at a floor of Rs 5 per kilogram.
Auctions of trading process:
- These take place on the ETS-PM trading platform hosted by the national commodities and derivatives exchange e-markets limited(NeML)
- All participants must register a trading account.
- These are two types of auctions.
- For a true-up period of 2-7 days before the completion of the compliance period, units may continue to buy and sell any remaining permits at the final auction price to meet their compliance obligations.
How many industrial units are participating in ETS?
- Based on permits held by units at the close of the compliance and true-up periods units will be declared compliant or noncompliant.
- Environmental damage compensation at Rs200/kg will be imposed for emissions in excess of a unit’s permit holding at the end of the compliance period.
- To prevent any participant from hoarding permits, an upper limit has been— 5 times the initial allocation for the compliance period, or 3 percent of the market cap for the compliance period.
- Also, no unit may sell more than 90% of its initial allocation.
- These permits are not a way to allow industries to keep polluting
- Purchasing permits is only an interim measure for many of these units who find it financially difficult to install air pollution control measures.
- In other words, it helps buy some time and make investments later.
- So the idea of this scheme is also to make sure that some units realize that it is cheaper to install APCM and reduce emissions rather than buy permits at a higher cost.
- About 350 industries around Surat have installed continuous emissions monitoring systems and now transmit real-time, high-quality emissions data. The new scheme takes advantage of this technology’s modern, transparent approach to monitoring.
Advantage of ETS:
- Help in improving life expectancy: this program is the first in the world to regulate particulate air pollution, which is the single greatest threat to human health globally and it will improve life expectancy and facilitate robust economic growth.
- Role model for other states and world: The government claims this is the first such programme of its kind and will be a model for the rest of the country and the world.
- Other benefits: The impact of particulate air pollution on life expectancy exceeds that of devastating communicable diseases such as tuberculosis and HIV/AIDS, behavioral killers like cigarette smoking, and even war, according to the Air Quality Life Index (AQLI) and We believe using this market-based system will prove that rapid economic growth, ease of doing business, and breathing clean air can all be achieved at the same time.
- For effective and efficient pollution control, the emissions trading program will be experimentally tested to understand its impact on emissions, industry costs, and regulatory costs.
- It has the potential to create lasting changes for the people living in this state, as well as become a benchmark for other states in India and countries across the world.