Which of the following is true of the emission trading scheme provided by the 1990 amendments to the Clean Air Act?

Question

Quizplus · Accepted Answer

The emission trading scheme provided by the 1990 amendments to the Clean Air Act allows companies to buy and sell allowances to emit pollutants. This creates a market-based incentive for companies to reduce their emissions and allows those who can reduce their emissions at a lower cost to sell their excess allowances to those who face higher costs in reducing their emissions. This helps in achieving the overall goal of reducing emissions while also minimizing the economic impact on industries. The scheme applies to all companies that are covered by the Clean Air Act and not just those engaged in interstate commerce.

Which of the Following Is True of the Emission Trading