... to a market based system. Perhaps the greatest of these is the ability to allocate costs over all sources of emission, and encouraging the widespread development and adoption of improved pollution control technologies. As firms find it more economically beneficial to invest in research and development, the cost of control technology will decrease. This reduction will allow companies to purchase equipment ... unfair competitive advantage for some firms within an industry. Examples of such flexibility in terms of alternatives include carbon sinks and alternate power sources (wind, solar), ...

• Word Count: 1840
• Approx Pages: 7
• Has Bibliography
• Grade Level: Undergraduate