Emissions Allowance
/ɪˈmɪʃənz əˈlaʊəns/
Definitions
- (n.) A government-issued authorization permitting a specified quantity of pollutants to be emitted by a regulated entity under an emissions trading scheme.
The factory acquired additional emissions allowances to comply with new environmental regulations.
Forms
- emissions allowance
- emissions allowances
Related terms
See also
Commentary
Typically, emissions allowances are tradable permits issued under cap-and-trade programs, serving as key instruments in regulating industrial pollution.
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.