Md Mostafizur Rahman

Tradable pollution permits can be designed to minimize administrative costs and maximize environmental benefits by implementing a clear, streamlined system with robust monitoring and reporting mechanisms. Simplifying the permit issuance and trading process through digital platforms can reduce bureaucratic overhead and enhance transparency. Setting a firm cap on total emissions ensures that environmental goals are met, while allowing market forces to determine the most cost-effective pollution reduction strategies. Regularly updating and auditing the system can prevent fraud and ensure compliance, while providing flexibility in the form of banking and borrowing permits can help businesses plan and invest in long-term sustainable practices. Additionally, incorporating stakeholder feedback and ensuring the system is accessible to smaller entities can enhance participation and equity, leading to broader environmental benefits.