Home > Term: Cap and trade
Cap and trade
An emission trading scheme whereby businesses or countries can buy or sell allowances to emit greenhouse gases via an exchange. The volume of allowances issued adds up to the limit, or cap, imposed by the authorities.
- Part of Speech: noun
- Industry/Domain: Natural environment
- Category: Climate change
- Company: BBC
0
Creator
- Harry8L
- 100% positive feedback
(London, United Kingdom)