The People’s Republic of China is seeking your advice on setting up one or more

Question

The People’s Republic of China is seeking your advice on setting up one or more emission permit trading systems for their major emitters of SO2 and NOx. You recognize that China covers considerable territory, with considerably different seasonal weather patterns. They have given you some maps of where the emissions from their centers containing major emitters fall to earth, and you observe that there appears to be a roughly linear distance-decay of the deposition of the emissions. What kinds of trading systems would you consider, what would you recommend to them, and why?

Explanation / Answer

AS per the case the various kinds of emission permit trading system that could used in China are as follows:

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