Recommendation 2017-4 – Marketable Permits provides best practices for structuring, administering, and overseeing marketable permitting programs for any agency that has decided to implement such a program.
Citation: Admin. Conf. of the U.S., Recommendation 2017-4, Marketable Permits, 82 Fed. Reg. 61730 (Dec. 29, 2017).
Marketable permits are a type of government-created license that regulates the level of a particular activity. Often, they ration the use of a resource (for instance, clean air by limiting pollution, fisheries by limiting fish catch, or the electromagnetic spectrum by allocating it among various uses), but they may also be used to satisfy a