- Section
- Stuff I Looked Up
- Type
- Explanation
- Date
- August 27, 2022
- Words
- 638
“This is an economic model used to reduce carbon emissions. A government sets a ‘cap’ on the total amount of emissions to be allowed, and they sell ‘permits’ or ‘certificates’ or ‘credits’ which allow organizations to emit a certain amount against that cap. The goal is to slowly reduce the cap every…”