I'm not familiar with Utah's program, but it sounds like an emissions trading / "cap and trade" program. https://en.wikipedia.org/wiki/Emissions_trading https:/

I'm not familiar with Utah's program, but it sounds like an emissions trading / "cap and trade" program. https://en.wikipedia.org/wiki/Emissions_trading https://en.wikipedia.org/wiki/Emissions_trading There are two ways that this is netting something: 1. Utah gets to set the total allowable emissions/year. If this is set lower than what emissions would be, absent the program, then emissions will be reduced. 2. Companies have to pay for those credits. If the credit price ends up being high enough, then companies will invest in ways to reduce emissions, e.g. by purchasing carbon scrubbers.