Tradable permits would not work in reducing global warming problems.

Question

Quizplus · Accepted Answer

Tradable permits, also known as cap-and-trade, can help reduce emissions by creating a market incentive for companies to lower their emissions. The system works by setting a limit on the total amount of emissions that can be produced, and then allocating permits to companies that allow them to emit a certain amount. If a company can reduce its emissions below its allotted amount, it can sell its unused permits to another company that emits more than its limit.

While there are some drawbacks to this system, including potential loopholes and issues with monitoring emissions, it has been shown to be effective in reducing emissions in industries such as electricity generation and transportation. Therefore, tradable permits could potentially work in reducing global warming problems if they are properly implemented and monitored.

Tradable Permits Would Not Work in Reducing Global Warming Problems