cap and trade definition
cap and trade means a system for controlling emissions of environmental pollutants, whereby overall emissions are capped, but actors covered can allocate emissions rights by trading.
cap and trade means that the Government puts an upper limit on the greenhouse gas emissions which individual companies and other organisations will be allowed to emit without charge. Any emissions above this level must be balanced out by the purchase of carbon credits. The key issue in the cap and trade arrangement is to set the cap at the appropriate level, which will be very difficult to judge.
cap and trade system would be one means of approaching the funding
More Definitions of cap and trade
cap and trade system means that there is a set number of emission allowances (EUAs) within the EU ETS (EEA, 2005). The installations that are regulated by the EU ETS must
cap and trade means a government authority establishes a cap that limits the total amount of pollution allowed, and then distributes permits for a “right to pollute” the global atmosphere, which can be traded as private property. The amount of greenhouse gas emissions permitted declines each year, creating demand for a new commodity: carbon permits.
cap and trade principle. This means there is a "cap", or limit, on the total amount of certain greenhouse gases that can be emitted by the factories, power plants, other installations and aircraft operators in the system. Within this cap, companies can sell to or buy emission allowances from one another. The limit on allowances available provides certainty that the environmental objective is achieved and gives allowances a market value.
cap and trade or “emissions trading” means an administrative ap- proach used to control pollution by providing a limit on total allowable emissions, providing for allowances to emit pollutants, and providing for the transfer of the allowances among pollutant sources as a means of compliance with emission limits.
cap and trade system would be one means of approaching the funding dilemma. If all landowners were given the choice of either purchasing tradable discharge allowances or cleaning up runoff, a free-market trading system would allow owners to trade these allowances and in the process assign stormwater runoff reduction to owners who are able to cheaply install BMPs. This system, or a combined stormwater utility fee with BMP credits, would tend to produce the lowest cost solution overall. A study under way in Cincinnati, Ohio, suggests that such systems could be successful (Thurston et al., 2003).