CAP AND TRADE
Cap and trade, often referred to as emissions trading, is an administrative approach to control pollution by providing economic incentives for those companies that reduce their emissions. The goal is to steadily reduce carbon dioxide and other greenhouse gas emissions economy-wide in a cost-effective manner. Successful cap and trade programs reward innovation, efficiency, and early action and provide strict environmental accountability without inhibiting economic growth. The European Union Emission Trading System is the largest multi-national, emissions trading scheme in the world. The U.S. is currently looking into cap and trade options -- this topic covers the latest.
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Most Active Articles in this Topic
For a long time the European Union has been leading against climate change. Part of this leadership...
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