| May 27 |
Carbon CreditsEnvironmental Management - Introduction Environmental Law is perceived as one of the most important tools of environmental management. Protection of environment from degradation has now not just remained a legal issue but a management issue. In India environmental management is largely carried out at the state level. This is true for natural resources such as forests and land as well as for air, water quality and solid waste pollution. It is observed that just compliance of environmental law on paper does not result in effective control of pollution. An alternate paradigm for pollution abatement for more effective methods of environmental control beyond traditional “command-and-control (CAC)” style regulation is to use economic instruments (EIs) or market-based instruments (MBIs). Introduction of market based instruments will help to reduce emissions, pollution and increase social responsibility of industries. Eco-taxes, tradable emission allowances and negotiated agreements are some of the types of instruments. |