Intro to Political Sociology
Cap-and-trade is an environmental policy tool that regulates greenhouse gas emissions by setting a limit (cap) on the total emissions allowed and allowing businesses to buy and sell allowances to emit a certain amount of pollutants. This market-based approach incentivizes companies to reduce emissions, as they can profit from selling excess allowances, while also ensuring that the overall cap on emissions is not exceeded. It plays a crucial role in addressing climate change and promoting sustainable practices within environmental movements and green politics.
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