India, March 27 -- Greenhouse gas (GHG) emissions reduction is a collective imperative for Asia, a region increasingly facing the adverse impacts of climate change. As Asian economies chart their development pathways, they are finding innovative ways to align economic and climate imperatives. India has a unique opportunity to steer regional dynamics and influence climate ambition.

Emission Trading Systems (ETSs), a set of policies to control the amount of total emissions through a market mechanism, have emerged as powerful tools worldwide to drive down emissions while generating vital finance for decarbonising power and industrial sectors and supporting vulnerable communities. The Indian government deserves recognition for the upcoming l...