Which program was designed as a method for limiting air pollutants in an economically efficient manner by allowing enterprises to sell its leftover emissions allowance to other companies or stockpile it for future use?

Question

Quizplus · Accepted Answer

Cap and trade is a market-based approach to controlling pollution that sets a limit (or "cap") on emissions from a particular industry or region. Companies are then allocated a certain number of permits to emit emissions, which they can sell to other companies or hold onto for future use. This creates a system where companies can profit from reducing their emissions and incentivizes them to reduce their overall pollution levels. The Paris Accord is a global agreement to combat climate change, TMDL is a framework for regulating water pollution, and RCRA regulates the management of hazardous waste.

Which Program Was Designed as a Method for Limiting Air