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Pollution Permits
Licenses that allow the holder to emit a certain amount of pollution; these can be traded in a market to incentivize the reduction of overall pollution levels.
Pollution Elimination
The process or practices aimed at reducing, controlling, or completely removing pollutants from the environment.
Pollution Cost
The economic impacts associated with pollution, including healthcare costs, environmental degradation, and loss of biodiversity.
Corrective Taxes
Corrective taxes are levied to correct the effects of negative externalities and align consumers' private costs with the overall societal costs.
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