Some countries limit or reduce the overall amount of pollution by letting companies negotiate,buy,sell,and trade the "right" to pollute among themselves.Such a system is based on

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The system described in the question is based on emissions trading, also known as a cap-and-trade system. This allows companies to buy and sell emissions permits, effectively creating a market for pollution. The cap sets a limit on the total amount of pollution that is allowed, and companies can buy permits from others if they need to exceed their allotted amount. This incentivizes companies to reduce their emissions and rewards those who can reduce emissions efficiently.

Some Countries Limit or Reduce the Overall Amount of Pollution