Is cap and trade just a carbon tax?



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    Cap and Trade is based upon the idea that each large-scale emitter, or company, will have a limit on the amount of greenhouse gas that it can emit. The firm must have an “emissions permit” for every ton of carbon dioxide it releases into the atmosphere. The more efficient companies, who emit less than their allowance, can sell their extra permits to companies that are not able to make reductions as easily. 

    Carbon tax is basically putting a tax on carbon if the company pollutes beyond a certain point. 

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