Science & Tech
emissions trading
pollution control
emissions trading
Category:
Science & Tech
- Related Topics:
- pollution control
- cap-and-trade mechanism
emissions trading, an environmental policy that seeks to reduce air pollution efficiently by putting a limit on emissions, giving polluters a certain number of allowances consistent with those limits, and then permitting the polluters to buy and sell the allowances. The trading of a finite number of allowances results in a market price being put on emissions, which enables polluters to work out the most cost-effective means of reaching the required reduction. Emissions trading has been used with notable success to reduce emissions that cause acid rain, and it is currently being used in various attempts around the world to ...(100 of 1071 words)