17. choose the best answer. a company that reduces the amount of pollution it produces and then sells its…
17. choose the best answer. a company that reduces the amount of pollution it produces and then sells its leftover \permission to pollute\ is participating in ______. a grant a green tax cap and trade a subsidy
Answer
Brief Explanations:
Cap - and - trade is a market - based environmental policy tool. In a cap - and - trade system, a cap (limit) is set on the total amount of pollution that can be emitted. Companies are given or can buy pollution allowances. If a company reduces its pollution below its allotted amount, it can sell its leftover allowances (permission to pollute) to other companies. A grant is a sum of money given for a specific purpose, not related to trading pollution rights. A green tax is a tax on activities that harm the environment. A subsidy is financial assistance given by the government to support an industry or activity.
Answer:
C. cap and trade