Emissions Trading System
/ˌɪˈmɪʃənz ˈtreɪdɪŋ ˈsɪstəm/
Definitions
- (n.) A market-based regulatory system that allows entities to buy and sell emission allowances to limit overall pollutants.
The government implemented an emissions trading system to reduce carbon emissions efficiently.
Forms
- emissions trading system
- emission trading system
- emissions-trading system
Related terms
See also
Commentary
Typically designed to provide economic incentives for reducing pollution, this system requires precise allowance allocations and monitoring for legal enforceability.
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.