Trading platforms for ELV certificates to promote circular economy

New Delhi: Trading of Certificates of Deposit, which are issued on the scrapping of old vehicles will promote circular economy and help cut vehicular emissions, according to an industry expert.

Scrappage of old vehicles can help bring down vehicular pollution by 20-25 per cent, Nitin Chitkara, the CEO of Meta Materials Circular Markets (MMCM), which runs the DigiELV platform, said.