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Questions and Answers
Transferable Discharge Permit In a transferable discharge permit (TDP) system, a new type of property right is created. This property right consists of a permit to emit ______. Each permit entitles its holder to emit one unit (pound, ton, etc.) of the waste material specified in the right.
pollutants
If a discharger owned 100 permits, it would be entitled to emit a maximum of ______ of effluent per time period.
100 units
Limiting the Permits A CAP (TDP) program begins by a centralized decision on the total number of discharge permits to be put into circulation. These permits are then distributed among the sources responsible for the emissions. Assuming that the total number of permits is less than current total emissions, some or all emitters will receive fewer permits than their current ______.
emissions
Options Consider a power plant that is emitting 7,000 tons of sulfur currently. This plant is initially given ______.
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