An in-depth exploration of the Clean Air Act (CAA), covering its history, key provisions, impacts, and significance in environmental regulation.
An in-depth exploration of the EU Emissions Trading Scheme (EU ETS), its historical context, phases, key events, operational details, and impact on climate policy.
Pollution Rights are government-issued permits that allow firms to emit a specified quantity of pollution. These permits help control pollution levels by limiting their number, incentivizing firms to reduce emissions. Trade in pollution rights offers economic benefits through the sale or savings on permit costs.
A tradable emission permit is a license that allows a given level of pollution and can be traded between polluters, ensuring efficient allocation of pollution rights and serving as a market-based solution to externalities.
