Briefly discuss the pros and cons of the extended trading proposed under the "clean skies " initiative . Emissions trading (or cap and trade ) is an administrative approach used to control pollution by providing economic incentives for achieving reductions in the emissions of pollutants (Defra , 2006 . There are three gases , emitted primarily as byproducts of combustion (both of fossil fuels and of biomass , that have indirect effects on global warming : carbon monoxide , nitrogen oxides , and nonmethane volatile organic compounds (NMVOCs . These compounds...











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