Cap and trade

{
  "id": "MLC-T-ENV-004072",
  "term": "Cap and trade",
  "field": "Environment",
  "definition": "An environmental policy tool that controls large amounts of emissions from a group of sources. Cap and trade programs set a cap, or limit, on emissions. Then allowances for emissions are traded between sources, so that economic market forces allow large emissions reductions to be cost-effective.",
  "subject": "Air",
  "references": [
    "Acid Rain Glossary"
  ],
  "url": "https://mlchart.com/terminology/environment/cap-and-trade/"
}