Nicholas Ryan's research with Rohini Pande & coauthors in The Economist: "Can markets reduce pollution in India?"
October 10, 2024: A large-scale policy experiment – conducted by EGC affiliates and collaborators at the Energy Policy Institute at the University of Chicago (EPIC) and the Gujarat Pollution Control Board (GPCB) – has shown that environmental cap-and-trade markets can work to reduce particulate air pollution in India.
The Economist
October 10, 2024
...A new study suggests the strategy is working. Nicholas Ryan of Yale University and his collaborators have used a randomised controlled trial to measure whether the mechanism reduces pollution. They find that plants that have taken part in the trading scheme have emitted 20-30% less than those that have not. The programme, which is proving popular, has given firms clarity and flexibility, says Mr Ryan.