A market approach in which governments grant tradable pollution and resource-use permits is similar to the cap-and-trade strategy.

Question

Quizplus · Accepted Answer

Both the tradable pollution and resource-use permits and cap-and-trade strategy involve the use of a market-based approach to address environmental issues. In both cases, a cap is set on the amount of pollution or resource use allowed, and companies can trade permits or allowances to stay within that cap. However, the specific details and implementation may vary between the two approaches.

A Market Approach in Which Governments Grant Tradable Pollution and Resource-Use