Explain What a "Cap and Trade" Program Is and How

question 141

Essay

Explain what a "cap and trade" program is and how it works.Does the U.S.have a cap and trade program?
If so, is it successful?

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Definitions:

Complete Compensation

Total financial restitution provided to cover all losses and damages incurred.

Sarbanes-Oxley Act

A U.S. federal law established in 2002 aimed at protecting investors from fraudulent financial reporting by corporations.

Working Papers

Working papers are documents or files that contain preliminary research, notes, strategies, and findings, commonly used in academic, auditing, or business environments.

Fiscal Period

A specific duration of time used for financial reporting and budgeting purposes, typically a year, quarter, or month.