emissions trading

Definition

Tradable-permit system in which a greenhouse gases emitter (firm or country under obligation to limit its total air pollution emissions to a specified level) can buy/sell permission to emit a certain amount of emissions from/to other emitters (who are below/above their limit). The market price of these permits (called 'pollution credits') reflects the marginal cost of emission reduction and gives an emitter the incentive to install and manage a cost effective pollution control system as an income producing asset. Accumulating emissions reductions for trading is called 'banking.' See also bubble concept.

单词	emissions trading
释义	emissions trading Definition Tradable-permit system in which a greenhouse gases emitter (firm or country under obligation to limit its total air pollution emissions to a specified level) can buy/sell permission to emit a certain amount of emissions from/to other emitters (who are below/above their limit). The market price of these permits (called 'pollution credits') reflects the marginal cost of emission reduction and gives an emitter the incentive to install and manage a cost effective pollution control system as an income producing asset. Accumulating emissions reductions for trading is called 'banking.' See also bubble concept.
随便看	divided cover dividend accumulation dividend additions dividend capitalization model dividend cover dividend discount model dividend equalization reserve dividend in arrears dividend option dividend re-investment plan (DRIP) dividend rollover dividends declared dividends in arrears dividends payable dividend valuation model dividend yield divisible contract division divisional budget divisional structure division income division of labor divisive reorganization diworsification DMADV