Accepted Answer
Trading emissions permits emission reductions to occur in locations where they can be accomplished at the lowest cost, which in turn lowers the total cost of mitigating the effects of climate change. This is the logic behind emissions trading.What is a tradable emission allowance scheme?Generally, A limit (or cap) on pollution and tradable permits equal to the limit that allows allowance holders to emit a certain amount (such as one ton) of the pollutant are the two primary components of emissions trading schemes.Tradeable allowances are licenses that are sold or otherwise provided by the government that allows for a certain quantity of pollution to be emitted. These permits are also frequently referred to as pollution permits. They were included in the Clean Air Act amendments of 1990 that were passed in the United States (see MRU video on the left below).In conclusion, Trading emissions makes it possible for reductions in emissions to take place in regions where they can be achieved at the lowest cost. This, in turn, reduces the overall cost of mitigating the consequences of climate change. The concept of exchanging emissions follows this line of reasoning.Read more about the tradable emission allowance schemehttps://brainly.com/question/12581130 #SPJ1
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