Some Environmentalists Have Criticized Tradable Emission Allowances on the Grounds

question 41

Essay

Some environmentalists have criticized tradable emission allowances on the grounds that they give permit holders a license to pollute.Furthermore, environmentalists argue that those who sell their permits receive a monetary benefit from their contribution to polluting the environment.Use economic reasoning to evaluate this criticism.

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Definitions:

G.W.F. Hegel

A German philosopher best known for his contributions to German idealism, particularly his concepts of the absolute, the dialectic process, and the historical development of consciousness.

Proletariat

The working-class people or those without access to the means of production, who sell their labor to live, according to Marxist theory.

Class-in-itself

A concept that describes a group of people who share the same economic position but are not yet aware of their shared interests.

Exploitation

The act of using someone unfairly for one's own advantage, especially in economic terms, often neglecting the exploited party's welfare.