India plans trading programmes for companies to curb pollution: Report

India is one of only a handful of large economies that have yet to set a target for achieving net-zero carbon emissions after Asian neighbours made public pledges over the last two months

India is considering setting up trading programs to curb its emissions of greenhouse gases and particulate matter, an environment ministry official said, as the nation tackles deadly air pollution that’s choking its cities.

The ministry expects the private sector to participate in the initiative, said Ravi Shankar Prasad, its number two bureaucrat. India is also keen to benefit from an international carbon trading mechanism that’s being negotiated, Prasad said at an online event on Thursday, where 24 private companies, including Reliance Industries Ltd., Vedanta Ltd. and JSW Steel Ltd. pledged their support for the government’s climate commitments.

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