When an Entity's Net Emissions Are Greater Than the Permits

question 21

Multiple Choice

When an entity's net emissions are greater than the permits they hold,at the end of the year they may:

• A) purchase approved carbon offsets
• B) purchase unused emission permits from other entities
• C) have to pay a emissions fee to the government
• D) all of the above

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Definitions:

Latin Hypercube Sampling

A statistical method for generating a sample of plausible collections of parameter values from a multidimensional distribution.

Monte Carlo Forecasting

A technique using random sampling and statistical modeling to predict outcomes in complex systems or processes.

Monte Carlo Simulation

A computational algorithm that uses repeated random sampling to obtain numerical results, typically used to assess risk or uncertainty in prediction and forecasting models.

Crystal Ball

A forecasting and simulation software by Oracle that is used for predictive modeling, simulation, and optimization.