Scenarios about 'cap and trade'
A market-based policy approach designed to reduce carbon emissions by setting a limit (cap) on total emissions and allowing companies to buy and sell (trade) emission allowances. This system creates economic incentives for businesses to reduce pollution efficiently while gradually lowering overall emission caps. Cap and trade programs have been implemented in various regions as a regulatory mechanism to address climate change while maintaining economic flexibility.
What If Cap and Trade Systems Were Widely Adopted?
Exploring the alternate timeline where cap and trade carbon markets became the global standard for emissions reduction, potentially transforming climate action and the world economy.