What is a "pollution permit"?
A. A license to open a new factory
B. A tax given to polluting companies
C. A tradable right to release a certain amount of pollution
D. A reward for using clean energy
Answer (2)
The correct answer is letter C. A tradable right to release a certain amount of pollutionA pollution permit is a government-issued allowance that lets a company release a certain amount of pollution. Companies that pollute less can sell their extra permits to others. This system encourages businesses to reduce pollution so they can profit by selling unused permits. It’s like having a budget for pollution—if you use less, you can earn from it. This market-based system is used in places like the European Union and China. It could also help the Philippines manage emissions from factories and vehicles in a fair and efficient way.
The correct answer is C. A tradable right to release a certain amount of pollution.A pollution permit (also known as an emissions permit) is part of a system called "cap-and-trade." Under this system, governments set a limit (cap) on the total amount of pollution that can be emitted. Companies are given or can buy permits that allow them to emit a certain amount of pollution. These permits can be traded between companies, creating a financial incentive to pollute less—companies that reduce emissions can sell their extra permits for profit.
