Which Statement Best Describes a Cap and Trade Program

Which statement best describes a cap and trade program?

A) an emissions control policy and market incentive that limits an industry's emission allowance and allows it to purchase emission permits from other lower emitting industries.
B) a program that gradually reduces the allowed emissions of an industry each year, incentivizing the industry's transition to zero emissions with tax breaks.
C) a policy that requires industries to cap their emissions by a specific deadline or give majority ownership to the state if they fail to accomplish this reduction.
D) an international attempt to reduce emissions by setting emissions quotas for each country and allowing each country to buy emission credits from others if they reach their limit.

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