Cast Wax and Silkscreen
"Emissions Trading (also known as cap and trade) is a market-based approach to control pollution by providing economic incentives for achieving reductions in the emissions of pollutants
A central authority sets a limit or cap on the amount of a pollutant that can be emitted. The limit of cap is allocated or sold to firms in the form or emissions permits which represent the right to emit or discharge a specific volume of the specified pollutant"
"Experience with Market-Based Environmental Policy Instruments"
Stavins, Robert N. (November 2001)
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