The electricity reforms in many developing countries were motivated by the desire to improve performance and reduce corruption in the sector. Independent regulation and private sector participation were
Center for Energy and Environmental Policy Research
Emissions trading schemes have great potential to lower pollution while minimizing compliance costs for firms in many areas now subject to traditional command-and-control regulation. This paper connects experience with emissions trading, from programs like the U.S. Acid Rain program, to lessons for implementation of a Trading Pilot Scheme in India.