Discuss the pros and cons of cap-and-trade policies. Are you for or against? Why?
In the wake of the demand to decrease environmental pollution, there has been intense
in effective pollution control. One of the policies discussed in this regard is “cap and trade” which aims at reducing the carbon emissions by factories by fixing a limit or a so called cap on the amount of pollutants that can be emitted by these industries. According to an article
Guide to Designing and Operating a Cap and Trade Program for Pollution Control, a cap and
trade program establishes a total emission cap that decides a specific emission limit decided by concerned authorities. The pollution target is pre determined and the cap is reduced every year in order to achieve this ...