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9 GNLU J.L. Dev. & Pol. 133 (2019)
Creating a Carbon Trading Market for Vehicular Pollution between Private Individuals

handle is hein.journals/gnlujldp9 and id is 143 raw text is: Creating a Carbon Trading Market for Vehicular Pollution Between Private Individuals -Aditya Prasad A b r This paper seeks to hypothesize the creation of a market in India for the trade in carbon units between people who utilize vehicles for transport. This market created, is built in a way to ensure that people will profit by participating and once they do participate, they will be further incentivised to ensure that more and more of them take to using the public transport services and those that continue to drive their cars, do so more efficiently. Keywords: Economics, Developmental economics, Pollution tax, Environment, Public policy. INTRODUCTION Carbon market' is a phrase which no longer seems as outlandish as it once did, not so many years ago. This market has, for the better part, been an innovative tool to restrict and lower the Carbon Dioxide(C02) levels in the world. High C02 levels are, as we know now, prime candidates for How Does Carbon Trading Work?, World Economic Forum, accessed February 2, 2019, <https://www.weforum.org/agenda/2o17/o9/everything-you-need-to- know-about-carbon-trading/>