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Transportation, Carbon Emissions - Coggle Diagram
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Carbon Emissions
Pros of Cap and Trade
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Companies that are the most financially able cannot "cheat" by just paying a carbon tax, there's only so many additional caps that they can buy
Auctioning off pollution creates financial incentive to pollute less, you can sell your cap for profit
Encourages continued innovation, companies have financial incentive to develop more efficient technology that pollutes less/doesn't pollute at all
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Cap and trade is more politically feasible, and is likely less polarizing (everyone can agree on some limit to pollution, letting each company decide how much they want to pollute is probably more popular)
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