In a workshop co-hosted by the Centre for Policy Research, Asar Social Impact Advisors and RAP, Rasika Athawale and Ranjit Bharvirkar presented an introduction to market-based options for electricity sector emissions control. They considered the strengths and weaknesses of an emissions trading system, an emissions portfolio obligation and an emissions reduction surcharge. Evidence from India and elsewhere indicates that emissions reductions can be achieved at significantly lower costs and with greater probability of success by pursuing such market-based alternatives.