EARTH SCIENCE
CLIMATE AND ENVIRONMENTAL CHANGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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For every ton of carbon dioxide produced, an equivalent ton of trees would have to be planted somewhere
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Limits would be placed on greenhouse gas emission by different facilities. Costly permits or credits would be required to produce more pollution.
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Strict limits would have been set on the amount of greenhouse gas emissions that can be produced by any one facility.
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Producing greenhouse gases would have been banned.
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Detailed explanation-1: -How would the carbon dioxide emissions trading bill, also known as carbon-cap-and-trade, have made an impact on global warming? Limits would be placed on greenhouse gas emission by different facilities. Costly permits or credits would be required to produce more pollution.
Detailed explanation-2: -Emissions trading, also known as ‘cap and trade’, is a cost-effective way of reducing greenhouse gas emissions. To incentivise firms to reduce their emissions, a government sets a cap on the maximum level of emissions and creates permits, or allowances, for each unit of emissions allowed under the cap.
Detailed explanation-3: -Cap-and-trade has one key environmental advantage over a carbon tax: It provides more certainty about the amount of emissions reductions that will result and little certainty about the price of emissions (which is set by the emissions trading market).
Detailed explanation-4: -The general presumption is that trade opening will increase economic activity and hence energy use. Everything else being equal, this increase in the scale of economic activity and energy use will lead to higher levels of greenhouse gas emissions.