Emission trading scheme: Difference between revisions
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For example, the European Union | For example, the European Union Emissions Trading System (EU ETS) 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 to purchase and return an amount of emissions allowances to the government that represents each year's carbon dioxide output. | ||
Revision as of 17:44, 26 March 2022
Environmental policy.
(ETS).
An administrative approach used to control pollution by providing economic incentives for achieving reductions in the emissions of pollutants.
For example, the European Union Emissions Trading System (EU ETS) 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 to purchase and return an amount of emissions allowances to the government that represents each year's carbon dioxide output.
