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With Regard to the "Cap and Trade" System for Trading

question 84

Short Answer

With regard to the "cap and trade" system for trading carbon credits, it is correct to say that
very little fraud has been uncovered in the system.
the system has proven to be very effective.
studies show that countries in Asia are not interested in the system.
companies in developing countries buy credits which they sell to companies in industrialized countries.
carbon credits essentially give companies the right to pollute the environment.

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Definitions:

Environmental Impact Statement

A document prepared to describe the effects for proposed activities on the environment.

Federal Permit

An authorization given by a federal agency allowing the permit holder to conduct certain activities that are regulated at the national level.

Hazardous Waste

Waste materials that are dangerous to human health or the environment due to their toxic, corrosive, or flammable characteristics.

Public Water

Water resources, such as rivers, lakes, and reservoirs, that are managed by governmental entities and accessible to the general public.

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