The Union Ministry of Environment and Forest has introduced a new scheme called the ‘Emissions Trading Scheme’

The Union Ministry of Environment and Forest has introduced a new scheme called the ‘Emissions Trading Scheme’. Which of the following statements is/are correct with regard to this scheme? I. This is a market-based scheme to reduce air pollution. II. It has been implemented only in three states till now. III. The scheme allows the pollution control boards to set a cap on the level of pollution permitted in an industrial area, and then allows the industries to self-regulate to ensure that pollution does not exceed this cap. IV. This scheme is the first of its kind in the world. (a) All of the above statements are correct (b) I and III only (c) II and III only (d) I, II, and III


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