Cab and Trade, economics assignment help

You may use bullet points, but please cite your sources. Include a reference list of 2-3.This only needs to be 1 page in APA format.Assume that you are a policy maker concerned with correctingthe effects of gases and particulates emitted by a local power plant.Why do you think Cap and Trade will help reduce emissions?•In your answer, explain the costs and the benefits of theproduction and consumption of the good, as well as the negative externality. •How would you decide what the best or optimal level ofemission reduction would be?