Using markets to reduce emissions and drive growth in the Global South

The Emissions Market Accelerator provides a custom built solution to make emissions markets work anywhere, for any pollutant, by supporting governments from design to full operation.

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Emissions Market Benefits

Pollution Reduction

Continuous monitoring allows industry to better manage and governments to better track emissions.

Industry Cost Reduction

Industry can choose how best to comply, offering a flexible approach that saves—or even makes—money.

Industrial Compliance

More transparency and easier enforcement eliminates non-compliance and costs governments less.

Proof of Concept

Researchers affiliated with the Emissions Market Accelerator helped the Indian state of Gujarat design and launch the world's first particulate pollution market. The pilot market dramatically raised compliance with the law, sharply reduced pollution, and increased industry profits. It serves as an important proof of concept that markets can work in the Global South.

Scaling Up

The Emissions Market Accelerator is working with government partners in India to set up three cap-and-trade markets, and early-stage conversations with other Indian states and international jurisdictions are underway—with the goal to benefit 1 billion people in the Global South by 2030.

Michael Greenstone

Co-Chair, Emissions Market Accelerator; Director, EPIC; Milton Friedman Distinguished Service Professor, University of Chicago

“The Emissions Market Accelerator goes where pollution is threatening human wellbeing the most and brings governments the tools they need to simply and effectively balance the goals of economic growth and environmental quality. With a market, they don’t need to choose any longer, regardless of whether their interests are air, greenhouse gas, or water pollution. Our goal is for pollution markets to benefit 1 billion people in the Global South by 2030.”

Bala Srinivasan

Co-Chair, Emissions Market Accelerator.

“Countries in the Global South have been laser focused on economic growth, as they should. But that has often come at the expense of environmental quality. We’re working with governments to implement a market approach that proves economic growth and environmental quality can go hand-in-hand."

Latest News

News

World’s First Particulate Pollution Market Reduced Pollution and Increased Industry Profits

Experiment finds that the cap-and-trade market in Gujarat, India reduced pollution by 20 to 30 percent while reducing industrial plants’ pollution abatement costs by more than 10 percent and increasing...