Solutions Currently Place Othr Cap Trade Reducing Carbon Q34257069

What solutions are currently in place othr than cap and trade forreducing carbon?

Expert Answer

A government regulatory program that has been designed with anaim to “cap” or limit the amount of by-products (containing carbonamong other substances and chemicals) emitted because of a privatebusiness process/activity is termed as “cap and trade”. Thenegative externalities of these emissions can be fixed by placing amarket price for the pollutant and emissions. In countries like theUS, the government set the limit for the annual greenhouseemissions and this limit is shrunk by some amount each subsequentyear. The businesses are provided their specific allocations orportions. They are