Vibrant carbon market, not tax, could rein in carbon emissions in India, says Yale University economist

Bengaluru: The success of India’s evolving carbon market will depend critically on the choice of design features and the regulator’s ability to enforce them, Rohini Pande, Director of Economic Growth Centre at Yale University told ET.

The Henry Heinz II Economics Professor and winner of Infosys Prize 2022 in Social Sciences said the market could be a more effective means to curb carbon emissions than a tax on emissions, drawing on the learnings from her work with Surat’s particulate matter pollution market.