cap and trade

English

cap and trade (uncountable)

A market-based approach to control pollution by providing economic incentives for achieving reductions in emissions, participating companies being assigned an emissions quota that can be traded with others if not used.
- 2013, Gore, Al, “The Edge”, in The Future: Six Drivers of Global Change‎, New York: Random House, →ISBN, LCCN 2012039890, OCLC 827202765, page 348:
  China is implementing a cap and trade system in five cities (Beijing, Tianjin, Shanghai, Chongqing, and Shenzhen) and two provinces (Guangdong and Hubei). These pilots are intended to be up and running in 2013 in order to provide a learning experience that will be used to implement a nationwide cap and trade system by 2015.

market-based approach to control pollution

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