Can markets reduce pollution in India?
An experiment in Gujarat yields impressive results.
The Economist
October 10, 2024
...A new study suggests the strategy is working. Nicholas Ryan of Yale University and his collaborators have used a randomised controlled trial to measure whether the mechanism reduces pollution. They find that plants that have taken part in the trading scheme have emitted 20-30% less than those that have not. The programme, which is proving popular, has given firms clarity and flexibility, says Mr Ryan.