Marketing Pollution Rights

Some economists view absolute injunctions and rigid limits as counterproductive. They prefer to rely on market mechanisms to balance costs and effects and to reduce pollution. Corporations can be allowed to offset emissions by buying, selling, and banking pollution rights from other factories at an expected savings of $2 to 3 billion per year. This savings may make economic sense for industry and even protect the environment in some instances, but it may be disastrous in some localities.

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