pollution permit system

/P AH0 L UW1 SH AH0 N P ER0 M IH0 T S IH0 S T AH0 M/
noun
  1. 1

    A system aimed at controlling pollution by allocating each firm a certain amount of pollution permits which allows them to pollute up to a certain limit. If firms pollute less, they are able to sell there permits to firms that pollute more hence creating a permits market.

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