One World View article titled "Paying to Pollute" reports that the price of a marketable pollution permit in Europe for a ton of carbon dioxide is about $32.The principal advantage of pollution permits is to

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The principal advantage of pollution permits is to reduce the costs of pollution control. By allowing companies to purchase permits, they can choose to either reduce their emissions or purchase permits from other companies that have reduced their emissions below their required quota. This creates a market incentive for companies to reduce their pollution in the most cost-effective manner, ultimately resulting in a reduction of overall pollution at a lower cost to businesses.

One World View Article Titled "Paying to Pollute" Reports That