In 2005, the European Union began a program to

Question

Quizplus · Accepted Answer

The program introduced by the European Union in 2005 involved allowing the trading of carbon-dioxide permits among firms. This system was put in place to help reduce greenhouse gas emissions by creating a system of incentives for firms to reduce their emissions. Under this system, firms that emit less CO2 than their allocated limit can sell their unused permits to firms that go over their limit. This encourages firms to reduce their emissions by making it financially beneficial to do so.

In 2005, the European Union Began a Program to