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Cap And Trade

Cap And Trade Definition

Cap And Trade is the common name of emissions trading. Being a market-based approach to control pollution it provides economic incentives for achieving reductions in the emissions of pollutants. A central authority defines a limit on the amount of a pollutant. This cap is allocated to companies in the form of emissions permits. Firms need to possess a number of permits equivalent to their emissions. Those that need to increase their emissions can buy permits from those who require fewer permits.





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