emissions trading and cap-and-trade systems
"Emissions trading and cap-and-trade systems are market-based approaches aimed at reducing pollution and greenhouse gas emissions. In these systems, an overall limit or cap is set on the total amount of emissions allowed. Industries or entities are then allocated permits corresponding to their allowable emissions. They can either reduce their own emissions or purchase additional permits from others who have surplus permits. This allows for flexibility, incentivizes emission reductions, and enables the trading of emissions permits among participants."
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Related Concepts (21)
- california cap-and-trade program
- carbon footprint
- carbon intensity
- carbon market
- carbon offsetting
- carbon pricing
- clean development mechanism (cdm)
- compliance market
- emission allowances
- emission reduction strategies
- emission reduction units
- european union emissions trading scheme (eu ets)
- greenhouse gas (ghg) emissions
- kyoto protocol
- leakage
- monitoring, reporting, and verification (mrv)
- offset credits
- paris agreement
- permits vs. auctions in emissions trading
- regional greenhouse gas initiative (rggi)
- voluntary emissions reductions
Similar Concepts
- cap and trade
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- cap and trade systems
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- cap-and-trade systems
- carbon cap-and-trade
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