Asked by Brycen Cluster on Apr 29, 2024
Verified
Which example illustrates an environmental policy based on tradable emission permits?
A) a charge to companies of $1 for every 100 units of pollutants emitted
B) paying companies $1 for each 10% reduction in emissions
C) allowing companies to buy and sell the right to a certain level of emissions
D) ignoring pollution and letting private markets operate without government interference
Tradable Emission Permits
Environmental policy tools that allow companies to buy or sell allowances to emit a certain amount of pollutants, incentivizing pollution reduction.
Emissions
Emissions refer to the release of substances, often gases or particles, into the atmosphere, which can contribute to pollution and environmental change.
- Discern the features and rewards of negotiable pollution credits in environmental governance.
Verified Answer
JG
Jazmín GómesMay 02, 2024
Final Answer :
C
Explanation :
Tradable emission permits allow companies to buy and sell the right to emit a certain level of pollutants. This creates a market-based approach to reducing pollution, as companies that can reduce their emissions below their allotted level can sell their excess permits to those who cannot meet their allotted level. This creates an incentive for companies to reduce their emissions and rewards those who can do so most efficiently.
Learning Objectives
- Discern the features and rewards of negotiable pollution credits in environmental governance.
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