Cap-and-trade is an environmentally and economically friendly approach to controlling greenhouse gas emissions, primarily responsible for global warming. This policy aims to limit pollution from a cluster of sources by setting an overall cap, which is the maximum amount of gas emissions f...
Cap and trade, or emissions trading, is a common term for a government regulatory program designed to limit, or cap, the total level of specific chemical by-products resulting from private business activity. Cap and trade's purpose is to create a market price for emissions or pollutants that ...
Wei, Norman
The cap puts a limit on gas emissions which from time to time is lowered to reduce and control the amount of toxins released by pollutants into the atmosphere. The trade, on the other hand, builds a ready market for carbon permits helping industries and companies and factories to innovate so...
It notes that the idea of cap-and-trade is to provide industry a disincentive to continue the emission of harmful pollutants including the greenhouse gas such as the CO2 from coal power plants. It also notes that the concept of cap-and-trade was already used in controlling the emission of...
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Cap and trade is a common term for a government regulatory program designed to limit, or cap, the total level of certain emissions as a result of industrial activity. Proponents of cap and trade programs argue that they are a palatable alternative to acarbon tax. Both measures are attempts ...
While not specifically labeled or designed to be used as a currency, cap-and-trade systems for regulating carbon are similar to complementary currencies as they can have value that can be transferred. The European government, for example, issues carbon credits that companies purchase for the abilit...