The document discusses the Polluter Pays Principle (PPP), which was introduced by the OECD in 1972. PPP aims to reduce environmental damage caused by economic activities by requiring polluters to bear the costs of preventing and reducing pollution. It brings the practice of making those who cause the most pollution pay to mitigate the costs of the damage they cause. The principle is now widely adopted and aims to address issues like climate change by putting a price on carbon emissions through carbon pricing initiatives in many countries. Properly implementing PPP can help shift countries like India towards a more sustainable economic model in the long run.
The document discusses the Polluter Pays Principle (PPP), which was introduced by the OECD in 1972. PPP aims to reduce environmental damage caused by economic activities by requiring polluters to bear the costs of preventing and reducing pollution. It brings the practice of making those who cause the most pollution pay to mitigate the costs of the damage they cause. The principle is now widely adopted and aims to address issues like climate change by putting a price on carbon emissions through carbon pricing initiatives in many countries. Properly implementing PPP can help shift countries like India towards a more sustainable economic model in the long run.
The document discusses the Polluter Pays Principle (PPP), which was introduced by the OECD in 1972. PPP aims to reduce environmental damage caused by economic activities by requiring polluters to bear the costs of preventing and reducing pollution. It brings the practice of making those who cause the most pollution pay to mitigate the costs of the damage they cause. The principle is now widely adopted and aims to address issues like climate change by putting a price on carbon emissions through carbon pricing initiatives in many countries. Properly implementing PPP can help shift countries like India towards a more sustainable economic model in the long run.
Organization for Economic Cooperation and Development (OECD) in 1972 introduced a
breakthrough concept which was highlighted as PPP or Polluter Pays Principle. This principle is aimed at reduction of environmental damages that the member countries do while consolidating the economies of their respective countries. This principle brings a practice of bearing the cost of damage prevention by those who does the maximum pollution. “Pollure” is a Latin word which means contamination. Section 2(a) of The Environment (Protection) Act,1986 defines environmental pollution as, “the presence in the environment of any environment pollutant and hazardous substance”. The same Act further defines environmental pollutant and hazardous substance under Section29(b) and 2(e) respectively. The other legislations include the deeper definitions about their respective pollutions like The Water Act, 1971 which defines water pollution and the Air Act 1981 defines air pollution. It is said that around 4.2 million deaths per year occurs due to air pollution where 2 million deaths are accounted for India. Today India is leading in air pollution but has challenges to economically sustain itself in the world stage. The principle of Polluter Pays disallows pursuits of such countries who are willing to sabotage their environment for the sake of economy. However, it is an established fact that without a strong economy, a country cannot sustain itself. When it comes to country like India, there must be a stronger economy. It is through the wonders of Polluter Pays Principle today we have transformed from BS4 to BS6 skipping BS5. Here, BS stands for Bharat Stage signifying emission standards instituted by the Government of India. It is done to regulate the output of air pollutants from vehicular and non-vehicular engines. A great deal can be made by switching to electric vehicles. FAME (Faster adoption and manufacturing of (Hybrid &) Electric Vehicle) is a step forward and a lot can be done through this flagship initiative. Today, all the colleges are taught Environmental Studies irrespective of their streams and subjects. It was mandated by the Hon’ble Supreme Court of India through the PIL (Public Interest Litigation) filed by an advocate, M.C Mehta. In the similar manner, Bhutan a tiny Himalayan Kingdom of Asia has become carbon negative. Which means that they consume more carbon than they produce. This is possible only through a clean environment, through the greeneries. The concept of PPP is however not simply intended to look into the affairs of a particular country. It has its greater ambitions to check world level greenhouse gases which have been a driving force for climate change. Now the question arises as to how a payment has to be made? After all it says Polluter pays. There is Carbon Price. According to World Bank, there are several paths governments can take to price carbon, all leading to the same result. They begin to capture what are known as external cost of carbon emissions- cost that public pays for in other ways, such as damage to crops and healthcare caused from heat waves and droughts or to property from flooding and sea level rise- and tie them to their source through a price on carbon. PPP helps shift the burden for the damage back to those who are responsible for it, and who can reduce it. Instead of dictating who should reduce the emissions where and how, a carbon price gives an economic signal and polluters decide for themselves whether to discontinue their polluting activity, reduce emissions or continue polluting and pay for it. In this way the overall environmental goal is achieved in the most flexible and least-cost way to society. The carbon price also stimulates clean technology and market innovations, fuelling new, low carbon drivers of economic growth. Today 58 carbon pricing initiatives have been implemented or is scheduled for implementation. Total 46 national jurisdiction are covered by the initiatives selected and 31 sub-national jurisdictions are covered by the initiatives selected. In 2019, these initiatives have covered 11GtCO2e (greenhouse gas total are expressed in terms of millions of tonnes of global annual CO2 equivalent emissions eg. GtCO2e/year), representing 20.1% of global GHG (Green House Gas) emissions. India has witnessed lots of such instances where pollution has caused havoc. The perils of Bhopal Gas tragedy can still be seen today due to the genetic mutation. The problems of oleum gas leak and many such have posted a serious threat to India time and again. Now it is high time for India as a Third World country to take optimum benefit from this principle. With schemes like FAME, standards like BS6, a great deal of technological advancements can be made possible and India can once again come up with flying colours.