Examlex
By the 1840s,
Tradable Emissions Permits
A market-based environmental policy instrument that allows companies to buy or sell government-granted allotments of pollution, encouraging the reduction of emissions in a cost-effective manner.
Licenses
Official permits or authorizations granted by a governing body, allowing an individual or company to carry out a particular activity or use a particular product.
Polluters
Entities, often companies or individuals, that release pollutants into the environment, causing harm or potential harm.
External Benefits
Benefits of a good or service that are enjoyed by people other than the ones who originally purchase or consume the good.
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