Emissions Trading Scheme
/ɪˈmɪʃənz ˈtreɪdɪŋ skiːm/
Definitions
- (n.) A regulatory system in which entities trade permits that allow them to emit a certain amount of pollutants, aiming to control overall emissions.
The government implemented an emissions trading scheme to reduce carbon output.
Forms
- emissions trading scheme
- emissions trading schemes
Related terms
See also
Commentary
Often abbreviated as ETS, this scheme is a market-based approach central to environmental law and policy.
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.