Cap and trade and Capacity: Difference between pages

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''Environmental policy''.  
1. ''Law''.
Anyone can enter a contract, whether or not they have ‘capacity’ to do so. But if an individual who lacks contractual capacity enters a contract, the contract may not be enforceable.
Problems of capacity may arise in relation to minors, mental incapacity or intoxication.


Cap and trade is an environmental policy tool that aims to deliver results with a mandatory cap on emissions while providing sources flexibility in how they comply.   
2.
 
More generally, the ability to absorb or holdFor example, tax capacity or borrowing capacity.
Cap and trade programmes aim to reward innovation, efficiency, and early action and to provide environmental accountability without inhibiting economic growth.
(Tax capacity being the ability to use tax reliefs efficiently to shelter otherwise taxable profits or gains. Borrowing capacity being the maximum amount of borrowing which can be sustained based on a firm's expected future cashflows and its assets.)


3. ''Banking''.
In relation to the individuals whom a bank will authorise to open and operate a bank account, the appropriate level of seniority and the role of the individuals within the business of the customer.


== See also ==
== See also ==
* [[Carbon credits]]
* [[Contract]]
* [[Carbon trading]]
* [[Emission trading scheme ]]
* [[Streamlined Energy and Carbon Reporting]]


[[Category:Ethics_and_corporate_governance]]
[[Category:Regulation_and_Law]]

Revision as of 08:33, 8 October 2013

1. Law. Anyone can enter a contract, whether or not they have ‘capacity’ to do so. But if an individual who lacks contractual capacity enters a contract, the contract may not be enforceable. Problems of capacity may arise in relation to minors, mental incapacity or intoxication.

2. More generally, the ability to absorb or hold. For example, tax capacity or borrowing capacity. (Tax capacity being the ability to use tax reliefs efficiently to shelter otherwise taxable profits or gains. Borrowing capacity being the maximum amount of borrowing which can be sustained based on a firm's expected future cashflows and its assets.)

3. Banking. In relation to the individuals whom a bank will authorise to open and operate a bank account, the appropriate level of seniority and the role of the individuals within the business of the customer.

See also