Command-and-control regulation to reduce emissions is likely to be a less costly way of reducing a given amount of emissions than tradeable emissions permits.

Question

Quizplus · Accepted Answer

Tradeable emissions permits create a market for emissions, which can lead to cost-saving innovations and more efficient use of resources. Command-and-control regulation can lead to businesses simply meeting the minimum standards without seeking ways to reduce costs or emissions further. Therefore, tradeable emissions permits are likely to be a less costly way of reducing a given amount of emissions than command-and-control regulation.

Command-And-Control Regulation to Reduce Emissions Is Likely to Be a Less