Emission Trading System
/[ɪˈmɪʃən ˈtrɛdɪŋ ˈsɪstəm]/
Definitions
- (n.) A market-based regulatory approach that allows entities to buy and sell emission allowances to limit overall pollutants.
The government implemented an emission trading system to reduce industrial carbon emissions efficiently.
Forms
- emission trading system
- emission trading systems
Related terms
See also
Commentary
Often embedded in environmental legislation, careful drafting must clarify the scope and enforcement mechanisms to ensure emission caps are legally binding.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.