ABSTRACT
This chapter argues that India in unique among the large countries for having sacrificed its own national interest in committing to an emission reductions that would in all likelihood make the average emission per Indian lower than that of most countries. The dynamism of technology and the fast growth of the Indian white goods markets have also helped. Pricing distortions hampered its development during the first decade and half, and it is only now with the LPG subsidies having gone away that natural gas use can increase. Besides these, other protrusions and obstructions by not only unregulated hawkers and squatters, but due to uncoordinated construction by departments like electricity, police, telephone, PWD, railways, gardens and parks contribute to the mess that are city roads in India. Again, the idea is in constrained tradability working to correct mispricing, as farmers discover prices among themselves for the water they now possess, with the direct endowment subsidies that we have proposed.
