Why do many industries not want to spend money on trying to reduce pollution?
Answers
Explanation:
As soon as international regulations are developed, environmental agencies at the national level can initiate the process of developing incentives for compliance like a cap and trade program to limit pollution if the country is more developed. Less developed countries may not be ready for the complex permit market that cap and trade calls for, and they may want to have simple effluent limitations (caps per firm on how much they can emit). The details of the program, especially the new caps, will be made available to the public as soon as they are completed. This cap will initially be only slightly lower than the current level of pollution, so five years should be sufficient for firms to prepare for enforcement. The government will then issue permits to factories/corporations, some free and some auctioned. The cap will be lowered periodically for an indefinite amount of time by the country’s environmental agency
