cap-and-trade


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cap-and-trade

adj (prenominal)
(Government, Politics & Diplomacy) denoting a scheme which allows companies with high greenhouse gas emissions to buy an emission allowance from companies which have fewer emissions, in a bid to reduce the overall impact to the environment
References in periodicals archive ?
Cap-and-trade policies are becoming a more common market-based instrument for environmental protection, but are they effective?
In their analysis, the authors look at seven different cap-and-trade systems: the U.
As the EU tries to make its Emissions Trading System (ETS) functional again, across the pond several North American cap-and-trade systems to curb greenhouse gas emissions are working remarkably well.
These success stories are often overlooked given the absence of a US-wide cap-and-trade.
The cap-and-trade bill that Congress is debating has been designed not so much to address the challenge of climate change or even put a good economic model in place to solve emissions reductions, but mainly to overcome political resistance.
Under the cap-and-trade system, the utility companies, not the EPA, decide how to cut emissions at each plant.
Indeed, the European Union has already instituted a CO2 cap-and-trade program that will help member countries comply with emissions reduction goals set by the recently authorized Kyoto Protocol.
In Southern California, a cap-and-trade program known as the Regional Clean Air Incentives Market, or RECLAIM, is being used to control S[O.
Under the cap-and-trade program to control carbon dioxide emissions, all of the carbon emitting processes covered by the law, such as electric utilities and generators, would have to obtain permits (allowances) for the carbon emitted in the process of producing goods and services.
For environmentalists, the sticking point on Clear Skies wasn't the sulfur dioxide caps, or even the administration's plan to gradually cut power plant mercury emissions through a cap-and-trade scheme, instead of mandating steep reductions at each coal-fired plant.
WASHINGTON -- According to two national surveys published today by the National Federation of Independent Business, America's small business community and the voting public are aligned in opposition to a federal cap-and-trade system.
New analysis reveals cap-and-trade would provide windfall profits to politically connected firms, redistribute wealth