What are pollution permits?



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    Pollution Permits are licenses given out by the government that allow companies to pollute at a certain level.  These permits are part of a free market solution to pollution problems that tries to put a limit on the amount of certain pollutants in nature.  These permits have a monetary value in which they can be bought, sold, and traded.  If a company pollutes more than a permit allows, then the company has to buy or trade to get more permits.  Basically it promotes the idea that polluting cost money.

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