How Did the European Emissions Trading Scheme Privatize a Public

question 50

Multiple Choice

How did the European Emissions Trading Scheme privatize a public good?

• A)The system sold off government-owned firms to more efficient private owners.
• B)European governments became less involved in the details of pollution reduction,allowing private citizens and firms to determine the appropriate levels of pollution.
• C)European governments gave away environmentally friendly technology that had been developed using public funds.
• D)The system regulated pollution emissions that occurred in each individual country.
• E)The system divided up and distributed a pollution allowance to individual firms that were contaminating clean air.

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Definitions:

Procurement Team

A group of professionals responsible for managing the procurement activities within a project, ensuring products and services are acquired efficiently and effectively.

Contract Development

Contract development is the process of drafting agreements that outline the terms, conditions, and responsibilities between parties involved in a transaction or project.

Parent Company

A company that owns a controlling interest in another company or companies, known as subsidiaries.

Outsourced

The process of hiring external organizations or individuals to perform services or create goods that traditionally were performed in-house by the company's own employees and staff.