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Offset trading is a trading system designed to achieve more efficient pollution control. It can be described as: Group of answer choices a program that regulates the base rate at which pollutants are emitted. a program that sets a standard for emission that no firm can exceed. a program that allows new firms to pay existing firms to reduce their emissions below a standard. a program that issues tradable permits in order to limit aggregate emissions. Next

Sagot :

Lanuel

Answer:

a program that allows new firms to pay existing firms to reduce their emissions below a standard.

Explanation:

Pollution can be defined as the physical degradation or contamination of the environment through an emission of harmful, poisonous and toxic chemical substances.

Offset trading refers to a type of trading system that is typically designed for the realization of more efficient pollution control.

This ultimately implies that, it can be described as a program that allows new firms to pay existing firms to reduce their emissions below a standard.

Free market in tradable pollution permits simply means giving manufacturing companies and individuals the legal right to pollution of the environment. For example, XYZ company is purchasing the permit of 500 units of carbon dioxide (CO2) pollution annually, this simply means it is permitted to pollute the environment by 500 units of CO2 annually.

Additionally, a free market in tradable pollution permits has some sort of benefits as companies can resell their unused permits or devise a cheaper means of reducing pollution. It also compensate companies that significantly reduces its pollution of the environment.

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