emissions trading systems

Emissions trading systems, also known as cap and trade systems, are market-based approaches designed to regulate and reduce greenhouse gas emissions. They involve setting a limit on the total amount of emissions allowed and issuing tradable permits to businesses and organizations. These permits represent a certain amount of emissions, which can be bought, sold, or traded among participants. By creating a financial incentive for reducing emissions, these systems encourage the adoption of cleaner technologies and practices, ultimately leading to a decrease in overall emissions levels.

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