The market-based system which allocates tradeable pollution permits to companies is known as a cap-and-trade system.

Name: The market-based system which allocates tradeable pollution permits to companies is known as a cap-and-trade system.
Brand: Quizplus
Rating: 4.9 (48 reviews)

Question

Quizplus · Accepted Answer

A cap-and-trade system sets a maximum limit on emissions (the cap) and allows companies to buy and sell permits to emit pollutants, thus providing economic incentives to reduce emissions.

The Market-Based System Which Allocates Tradeable Pollution Permits to Companies