Explain how a program of transferable discharge permit works to satisfy the equimarginal…

Explain how a program of transferable discharge permit works to satisfy the equimarginal
principle. (10)
2 Discuss the conditions that must be met for a property rights approach to work. (10)
3 Critically analyse the three different types of standards. (10)
4 Explain how multiple sources of emissions can be controlled by using the equimarginal
principle. (10)