Cap-and-trade places a cap or ceiling on emissions and assigns or sells emission rights to individual producers

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Cap-and-trade places a cap or ceiling on emissions and assigns or sells emission rights to individual producers who are then free to trade permits with each other. It is a tool that seeks to combine the power of government to limit total emissions with the power of the market to minimize cost and maximize benefit

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Foundations Of Microeconomics

ISBN: 9780134491981

8th Edition

Authors: Robin Bade, Michael Parkin

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