Transferable emissions permits establish property rights to:

Question

Quizplus · Accepted Answer

Transferable emissions permits establish property rights to generate a certain amount of pollution. This means that companies can buy and sell permits, creating a market for pollution allowances. This incentivizes companies to reduce their emissions in order to sell their excess permits or buy permits if they need to emit more. It also ensures that the total level of emissions remains constant, while giving companies the flexibility to allocate their emissions as they see fit.

Transferable Emissions Permits Establish Property Rights To