A new market approach to environmental pollution involves

Question

Quizplus · Accepted Answer

Giving environmental pollution a monetary value is known as "putting a price on carbon." This approach uses market forces to encourage companies and individuals to reduce their carbon emissions by making it economically beneficial to do so. This can be achieved through carbon taxes or cap-and-trade programs. It is believed that this approach will ultimately lead to a reduction in environmental pollution as companies and individuals will seek to avoid paying the associated cost.

A New Market Approach to Environmental Pollution Involves