Concept information
Preferred term
emissions trading
Definition
- Emissions trading is a relatively new and creative market approach to reducing pollutant emissions by allowing entities to trade emission allowances or credits issued by the government. An entity operating within the pollution standard, which refers to the levels of specific pollutants that are allowed in the ambient air and water in a particular location or from specific sources, can sell or trade its credit or allowance to an entity that cannot meet that standard. [Source: Encyclopedia of Business Ethics and Society; Emissions Trading]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/emissions_trading
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