________ is a mechanism that constrains the aggregate emissions by creating a limited number of tradeable emission allowances,which emission sources must secure and surrender in proportion to their emissions.

Question

Quizplus · Accepted Answer

Cap-and-trade is the mechanism that constrains the aggregate emissions by creating a limited number of tradable emission allowances, which emission sources must secure and surrender in proportion to their emissions. Command-and-control is a regulatory approach that sets specific limits on pollutants and requires pollution reduction technologies, whereas an emissions tax is a fee placed on each unit of pollution emitted. Cap-and-control is not a commonly used term in environmental policy.

________ Is a Mechanism That Constrains the Aggregate Emissions by Creating