Final answer:
Permit conditions are legally enforceable rules. These permits often include conditions to reduce emissions over time and are marketable, meaning they can be bought and sold among firms.
Step-by-step explanation:
Permit conditions typically refer to the rules and guidelines put in place by regulatory agencies for activities that have environmental impacts. Among the options provided:
- B. are legally enforceable is correct because permit conditions are enforced by law, and failure to comply can result in legal action.
Adding two more aspects to consider based on the provided information:
- These permits often include a schedule to reduce total emissions over time, setting an annual decrease in the allowed emissions, thereby encouraging pollution reduction.
- Furthermore, since these permits are marketable permits, they can be bought and sold among firms, adding the flexibility to meet environmental targets while potentially lowering the cost of compliance.
Moreover, firms that emit pollutants receive a limited number of permits correlating with a cap set to meet national pollution standards. These permits may be sold by the government directly to the firms, or they can be obtained in the marketplace.