Answer:
reduces climate change by requiring individuals and firms to buy licenses to emit greenhouse gases.
Explanation:
Cap and trade reduce emissions, such as those from power plants, by setting a limit on pollution and creating a market. ... It's a system designed to reduce pollution in our atmosphere. The cap on greenhouse gas emissions that drive global warming is a firm limit on pollution.
Today, cap and trade is used or being developed in all parts of the world. For example, European countries have operated a cap-and-trade program since 2005. Several Chinese cities and provinces have had carbon caps since 2013, and the government is working toward a national program.
the market-based pollution control system in which the government sets an overall limit on how much of a pollutant is acceptable from an entire industry or country and issues vouchers to pollute to each company; individual companies are then free to trade these vouchers.