Emission trading scheme: Difference between revisions
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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.) |
imported>Doug Williamson m (Generalise to "for example".) |
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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. | ||
For example, 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. | |||
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* [[CRC Energy Efficiency Scheme]] | * [[CRC Energy Efficiency Scheme]] | ||
[[Category: | [[Category:Manage_risks]] | ||
Revision as of 07:17, 22 June 2014
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 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.
