an introduction to cap-and-trade climate policy - ppt download
{"Image DocumentName": "Cap-and-Trade Climate Policy", "Image ImageDescription": "Cap-and-trade means a government authority establishes a cap that. limits the total amount of pollution allowed, and then distributes permits for a right to pollute the global atmosphere, which can be traded as private property. The amount of greenhouse gas emissions permitted declines each year, creating demand for a new commodity: carbon permits. When offered enough money (or faced with high enough costs), polluters who own permits (or need permits) will reduce their emissions. These trades establish a market price for greenhouse gas pollution. Got it A familiar game can help illustrate the concepts\u2026", "Image XResolution": "300", "Image YResolution": "300", "Image ResolutionUnit": "Pixels/Inch", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}