Saleable licenses that permit bearers to emit limited quantities of pollutants are called:

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Saleable licenses that permit bearers to emit limited quantities of pollutants are known as cap and trade. Cap and trade is a market-based approach to controlling pollution that uses economic incentives to reduce emissions. It sets a cap on the total amount of pollutants that can be emitted and then allocates permits to emit a specific amount of pollutants to companies. Companies that emit less than their permits allow can sell the excess permits to companies that emit more. This system provides economic incentives for companies to reduce their emissions, as those that reduce emissions below their permitted levels can sell excess permits for a profit.

Saleable Licenses That Permit Bearers to Emit Limited Quantities of Pollutants