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What do you understand by emission trading? As a policy tool to control greenhouse gas emissions, the carbon emissions trading scheme can achieve the goal of reducing emissions while minimizing overall emissions reduction costs through market transactions. Examine.

 

10. What do you understand by emission trading? As a policy tool to control greenhouse gas emissions, the carbon emissions trading scheme can achieve the goal of reducing emissions while minimizing overall emissions reduction costs through market transactions. Examine. (250 words)

Difficulty level: Moderate

Reference: The HinduInsights on India