emissions trading

emissions trading
n.
The practice of assigning businesses a certain number of credits that permit them to emit specified amounts of pollution, which they can then trade with other businesses that need to emit more or less pollution than their credits allow; also called cap and trade.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.

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  • Prime Ministerial Task Group on Emissions Trading — On December 10 2006, the Australian Prime Minister John Howard announced the establishment of the Prime Ministerial Task Group on Emissions Trading. The task group has been tasked with developing an Australian Carbon Trading Scheme and was given… …   Wikipedia

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