In the context of the cap-and-trade program,pollution credits are issued to the least significant emitters of the pollutant for which a cap is set.

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The government issues pollution credits to the most significant emitters of the pollutant for which a cap is set.The concept behind cap-and-trade incentives is that a government sets a cap on the total emissions of a particular pollutant,a cap lower than the existing level of emissions.

In the Context of the Cap-And-Trade Program,pollution Credits Are Issued