The Punjab government has decided to implement a modern Emissions Trading System (ETS) to control industrial pollution and prevent smog. Under this system, pollution monitoring, emission data, and a trading platform will be established in the province.
Key Features of the System
According to the authorities, financial incentives and benefits will be given to low-polluting industries, while factories emitting more smoke will have to purchase additional permits. Other actions, including fines, will also be taken against industries exceeding the prescribed limit.
Encouraging Clean Technologies
The government says it will encourage industries that adopt clean and environmentally friendly technologies to promote environmental responsibility in the industrial sector.
It is worth mentioning here that the model has been developed in collaboration with the University of Chicago and is based on a world-class cap and trade system, under which a limit on pollution is set for factories.
Expected Benefits
According to officials, the measure is expected to reduce smog, improve public health, and promote environmentally friendly industrial activities.
