Unchecked overuse is draining and damaging aquifers nationwide, a data investigation by the New York Times revealed, threatening millions of people and America’s status as a food superpower.
There are caps though. My understanding is that companies get X credits, and they can sell any they don’t need to other companies, and X reduces over time. AFAIK, companies don’t create new credits, they merely trade them on the market as a finite resource.
I assume if you go over your carbon allotment, you pay a hefty fine.
If the government wants less carbon emissions, it reduces the number of credits available on the market or increases to tax credit for unused credits.
There are caps though. My understanding is that companies get X credits, and they can sell any they don’t need to other companies, and X reduces over time. AFAIK, companies don’t create new credits, they merely trade them on the market as a finite resource.
I assume if you go over your carbon allotment, you pay a hefty fine.
If the government wants less carbon emissions, it reduces the number of credits available on the market or increases to tax credit for unused credits.