Environmental credit trading

{
  "id": "MLC-T-ENV-009732",
  "term": "Environmental credit trading",
  "field": "Environment",
  "term_source": "Environmental Credit Trading",
  "definition": "Environmental credit trading is a market-based approach to achieve pollution abatement goals set by environmental regulations. A credit is given to providers of pollution abatement. Regulated firms who cannot economically meet their abatement obligations can purchase credits from those who can produce credits at a cost lower than the expected market price.",
  "subject": "Social and economic factors",
  "references": [
    "NAL Agricultural Thesaurus and Glossary"
  ],
  "url": "https://mlchart.com/terminology/environment/environmental-credit-trading/"
}