India adopted a Cap and Trade in energy intensity via a scheme called Perform-Achieve-Trade (PAT) with the objective to improve energy efficiency of the high energy intensive industries through target setting and tradable energy saving certificates. The scheme was announced in 2007 and the first...

Governments worldwide have adopted environmental regulations to fight global warming. In 2012, the Government of India introduced the Perform, Achieve and Trade (PAT), a cap-and-trade scheme 2012 to achieve energy efficiency for large-sized industries. The extant literature is divided on the...

In this paper, we investigate whether an environmental tax reform 'cum' joint implementation (JI) provides employment and overall efficiency gains as compared to an environmental tax reform 'stand-alone' (ETR). We address this question in the framework of a large-scale general equilibrium model...