What are the Pros of Carbon Trading?
Nov 19
In an effort to improve on the reduction of green house gases into the atmosphere many countries have come up with a market based approach known as carbon trading. So how does carbon trading work? And what are some carbon trading pros and cons? Carbon trading involves a regulating body and several companies. The regulating body sets a cap of how much aggregate carbon can be emitted into the atmosphere and then either auctions off or gives away a certain amount of carbon permits to each business equaling the aggregate amount. If a certain company is over their limit they can either reduce their emissions or buy credits from a company that has extra carbon credits. Companies with left over credits can either sell them on the market or bank them for future use.
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