Emissions Trading

{
  "id": "MLC-T-ENV-009403",
  "term": "Emissions Trading",
  "field": "Environment",
  "definition": "The creation of surplus emission reductions at certain stacks, vents or similar emissions sources and the use of this surplus to meet or redefine pollution requirements applicable to other emissions sources. This allows one source to increase emissions when another source reduces them, maintaining an overall constant emission level. Facilities that reduce emissions substantially may \"bank\" their \"credits\" or sell them to other facilities or industries.",
  "abbreviation": "ET",
  "subject": "General environmental",
  "references": [
    "Terms of Environment"
  ],
  "url": "https://mlchart.com/terminology/environment/emissions-trading/"
}