cap and trade en · NOUN
Meanings
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(uncountable) A market-based approach to control pollution by providing economic incentives for achieving reductions in emissions, participating companies being assigned an emissions quota that can be traded with others if not used.
China is implementing a cap and trade system in five cities (Beijing, Tianjin, Shanghai, Chongqing, and Shenzhen) and two provinces (Guangdong and Hubei). These pilots are intended to be up and running in 2013 in order to provide a learning experience that will be used to implement a nationwide cap and trade system by 2015.
2013, Al Gore, “The Edge”, in The Future: Six Drivers of Global Change, New York: Random House, →ISBN, →LCCN, →OCLC, page 348:
Relateds
petrocarbon · carbon tax · carbon cost · carbon market · carbon emissions trading · carbon footprint
Translations (1)
fr bourse du carbone (market-based approach to control pollution)