August 3, 2023
| In the News
Economic Times covers Rohini Pande's address on India's carbon markets
EGC affiliate Rohini Pande discusses how a vibrant carbon market could reduce the need for a tax in India's endeavor to rein in emissions.
The success of India's carbon market will depend on the regulator's ability to enforce design features, according to Rohini Pande, Director of Economic Growth Centre at Yale University. Introducing a bond system like the one piloted at Gujarat Pollution Control Board where penalties are issued for non-compliance could be effective. Carbon market permits will be given to participating companies, and there may be a cap on aggregate carbon emissions.