Perspective: Regional Greenhouse Gas Cap-and-Trade Programs May be the Solution
Green Car Congress
APRIL 10, 2010
If they don’t have enough allowances to cover their emissions they must purchase more or face a penalty. The opportunities for private-parties to buy and sell emissions allowances, and to purchase any allowances auctioned by the state, lie behind cap and trade’s potential to achieve emissions reductions at low cost to the overall economy.
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