Beginning Wednesday, the state of California will implement a “cap and trade” system
What is Cap and trade?
The government sets a cap on pollution, limiting the amount of carbon dioxide and other harmful output that companies, or other groups, are allowed to release. The government then issues credits which allow companies to pollute a certain amount, as long as the aggregate pollution equals less than the set cap.
Link to video explanation: 5 min. in length
Cap-and-Trade | Prophecy in the News
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