Asked by Jovelyn Angell on May 19, 2024

verifed

Verified

Use the following statements to answer this question: I. The bubble concept allows an emitter to sum emission limits for all sources of pollutants within a particular firm, and to set emissions reductions from each source as it pleases as long as the total pollutant limit at the plant is not exceeded.
II) Under an emissions offsets program, a new source of emissions can locate in a region only if their new emissions are accompanied by reduced emissions from existing sources by at least as much.

A) Both I and II are true.
B) I is true, and II is false.
C) I is false, and II is true.
D) Both I and II are false.

Bubble Concept

A situation in markets where the prices of assets inflate significantly beyond their intrinsic value, often followed by a crash.

Emissions Offsets Program

A policy or program that allows companies to compensate for their carbon emissions by investing in environmental projects.

Pollutants

Substances or energies introduced into the environment that cause harm or discomfort to organisms, including humans, or damage the natural resources.

  • Acquire knowledge on diverse pollution mitigation techniques and their economic consequences.
verifed

Verified Answer

KN
Katie NguyenMay 22, 2024
Final Answer :
A
Explanation :
Both statements are true. Statement I describes the bubble concept, which allows a firm to set emissions reductions from each source as it pleases as long as the total pollutant limit at the plant is not exceeded. Statement II describes an emissions offsets program, which requires a new source of emissions to offset their emissions by reducing emissions from existing sources by at least as much.