Quick Facts: Emissions Trading Scheme (ETS) of Gujarat

The Gujarat government has launched country’s first ‘Emissions Trading Scheme (ETS)’ which is being described as world’s first market for trading in Particulate Matter (PM) emissions. ETS was launched in Surat ETS) to encourage and incentivize the industrial units to cut air pollution. Even though trading mechanisms for pollution control do exist in many parts ..

Month: Current Affairs - September, 2019

Category: Environment Current Affairs

Topics: cap-and-trade • Emissions Trading Scheme • Gujarat • Gujarat Pollution Control Board • particulate matter • Pollution • Surat

Government to set up think tank for oil sector

The Union Government will soon get Cabinet approval for setting up of high-powered think tank under Ministry of Petroleum to look into key issues related to oil and gas sector. Besides, Petroleum Ministry also has send proposal to Union Cabinet for setting up domestic gas trading hub to adopt better mechanism for price discovery of ..

Month: Current Affairs - October, 2017

Topics: Emissions Trading Scheme • Energy security • High-powered think tank • Ministry of Petroleum • Oil and Gas Sector

China launches TanSat satellite to monitor global carbon emissions

China successfully launched TanSat, a global carbon dioxide (CO2) monitoring satellite to understand the effects of climate change. It was launched on board of Long March-2D rocket from Jiuquan Satellite Launch Centre in northwest China’s Gobi Desert.  It was the 243rd mission of the Long March series rockets. With this, China became third country after ..

Month: Current Affairs - December, 2016

Topics: Carbon emissions • China • Emissions Trading Scheme • Environment • International • Space technology • TanSat

Volkswagen Chief Executive Martin Winterkorn resigns

Volkswagen Chief Executive Martin Winterkorn has resigned following the revelation that the world’s largest carmaker (in terms of sales) had manipulated US diesel car emissions tests. His resignation comes after the German carmaker admitted that it had deceived US regulator Environmental Protection Agency (EPA) in exhaust emissions tests by installing a device to give more ..

Month: Current Affairs - September, 2015

Topics: Automobile • Business • Current Affairs 2016 • Economy • Emissions Trading Scheme • Environment • Volkswagen

Compost Plant in New Delhi is first composting plant in India to get carbon credits from UNFCCC

The composting plant in Okhla, New Delhi has become the first in India to receive the carbon credits from the United Nations Framework Convention on Climate Change (UNFCCC). The plant has received Rs 25 lakh as an advance against the Carbon Emission Reduction (CER) earnings from this plant. What are carbon credits? Carbon credit is ..

Month: Current Affairs - March, 2013

Topics: Current Affairs 2013 • Emissions Trading Scheme • March 2013