Cap And Trade

This is in contrast to command and control environmental regulations such as best available technology bat standards and government subsidies.

Cap and trade.

Like other market based strategies it differs from command and control approaches where the government sets performance standards or dictates technology choices for individual facilities. Cap and trade is environmentally and economically friendly approach to capping and controlling greenhouse gas emissions which is the primary cause of global warming. The cap and trade program is a key element of california s strategy to reduce greenhouse gas emissions. See the latest announced projects.

For businesses that cannot achieve this cap they can trade with other companies that won t reach their cap limits. Cap and trade cat programs are a type of flexible environmental regulation that allows organizations and markets to decide how best to meet policy targets. Cap and trade reduces emissions such as those from power plants by setting a limit on pollution and creating a market. It complements other measures to ensure that california cost effectively meets its goals for greenhouse gas emissions reductions.

It is a policy move aimed at controlling large amounts of gas emissions from a cluster of sources. Emissions trading sometimes referred to as cap and trade or allowance trading is an approach to reducing pollution that has been used successfully to protect human health and the environment. California s program represents the first multi sector cap and trade program in north america. Cap trade refers to a system that requires industries to cap the amount of carbon emissions that are released into the atmosphere over a specific time period.

Cap and trade systems are one of several market based ways to reduce greenhouse gas and other emissions. Our cap on the amount of greenhouse gas emissions businesses can emit using a cap and trade program is designed to help fight climate change and reward businesses that reduce their greenhouse gas pollution. Cap and trade is one way to do both. The best climate policy environmentally and economically limits emissions and puts a price on them.

We re investing all of our carbon market proceeds into projects to reduce greenhouse gas pollution. Cap and trade is an approach that harnesses market forces to reduce emissions cost effectively.