smaller companies are getting paid to give up their extra dosage amounts. That extra .
money now turns into income for the smaller company.
Lastly in the article, it explains that this global trading has not yet come into effect .
at this time worldwide, only in a few countries in Europe. In Canada and the United .
States, there is trading between certain companies, but only because companies like .
Entergy Corp. have wanted to boost public relations by showing they care about .
greenhouse emissions and are willing to cut back themselves for some good press time. .
One of the main problems for the DuPont Company has been their expense budget while .
trying to cut back their own emissions. When they have to go to five of their plants .
world-wide, use $10-$20 of their own money and install machines that will breakdown .
harmful gases, it is not cheap. Then having to spend $1 million at each plant, each year to .
have the filters replaced, it all adds up in a deficit for a company to fill in with profit, but .
helps the environment.
Economic concept from Ch. 3:.
This article and its statements about carbon trading in the world is highly related .
to the economic concept of Demand and Supply, which is located in Ch. 3 of our .
textbook. In our text it states that Demand is: A relation showing the quantities of a good .
that consumers are willing and able to buy at various prices during a given period, other .
things constant. A few pages later it says that Supply is: A relation showing the quantities .
of a good producers are willing and able to sell at various prices during a given period, .
other things constant. .
When I first thought about how Demand and Supply was related to this article, I .
came up with an example in my mind to show it comes into effect in the real world of .
carbon trading. First, COMPANY A was given 50 units of permits, or what is relative to .
50 tons of greenhouse gases, which can be pumped into the atmosphere.
