The EPA program that established an allowable base rate for the amount of lead in the gasoline that oil refineries produced and allowed for the trading of excess allowances is an example of ____________.
A) offset trading
B) emission rate trading
C) carbon offset markets
D) renewable portfolio requirements

Question

Quizplus · Accepted Answer

The EPA program described is an example of emission rate trading, in which a baseline level of emissions is established and the trading of allowances allows for flexibility in meeting those levels. Offset trading and carbon offset markets both involve trading credits for reduced emissions or carbon sequestration, but they are not applicable in this scenario. Renewable portfolio requirements focus on the use of renewable energy sources, which is also not relevant to the EPA program mentioned.

The EPA Program That Established an Allowable Base Rate for the Amount