Emission trading scheme: Difference between revisions
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imported>Doug Williamson m (Category added 9/10/13 and spacing) |
imported>Doug Williamson m (Wiki/Gloss Law/Fin Reg check - added in reference to European Union ETS as this was implied in the original. Other countries are starting to develop their own ETS's.) |
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An administrative approach used to control pollution by providing economic incentives for achieving reductions in the emissions of pollutants. | An administrative approach used to control pollution by providing economic incentives for achieving reductions in the emissions of pollutants. | ||
More specifically, a mandatory cap and trade scheme that requires Europe's heavy industries and power generators, as the continent's major emitters of carbon dioxide, to monitor and report annually on their carbon dioxide emissions and return an amount of emissions allowances to the government | More specifically, the European Union Emission Trading Scheme is a mandatory cap and trade scheme that requires Europe's heavy industries and power generators, as the continent's major emitters of carbon dioxide, to monitor and report annually on their carbon dioxide emissions and return an amount of emissions allowances to the government that represents each year's carbon dioxide output. | ||
Revision as of 16:18, 22 January 2014
Environmental policy.
(ETS).
An administrative approach used to control pollution by providing economic incentives for achieving reductions in the emissions of pollutants.
More specifically, the European Union Emission Trading Scheme is a mandatory cap and trade scheme that requires Europe's heavy industries and power generators, as the continent's major emitters of carbon dioxide, to monitor and report annually on their carbon dioxide emissions and return an amount of emissions allowances to the government that represents each year's carbon dioxide output.
