. >> so ink this makes sense to me as relative ypern in isa ie rn s ave the right to emit 100 units of this commodity, which you have defined, i canemit 100 tons. so i have a piece of paper that says, this is 0 ts,rig remins t o stl some technology, improve my profit, whatever it is. i sequester carbon. i have this pap -- piece of paper and i come to you and i seem smarr to venuean i emon z.c you will pay me for it and that wave we can establish a market price. >> yeah, and it's really interesting because it may sound complex to you but let me bring itw cinns s, york, who was describing to the class 1 year mission toigur ot hw one fa ess iss ac c b eliminated. the teacher decided okay, everybody in this room could have the rights to chew gum in class for two hours a ay. if onetarsent thea thy could sell their chewing gum rights to another student and thereby they were incentivize. in thiscae,atdent ha l tdi ft tewn, they installed a technology, a better lunch and that stopped the craving for the gum. and each time the teacher were te numberf hos th thouhargot to a very very good soluti