Cap And Trade

Cap and trade is one way to do both.

Cap and trade.

See the latest announced projects. It complements other measures to ensure that california cost effectively meets its goals for greenhouse gas emissions reductions. The cap and trade program is a key element of california s strategy to reduce greenhouse gas emissions. The best climate policy environmentally and economically limits emissions and puts a price on them.

Cap and trade systems are one of several market based ways to reduce greenhouse gas and other emissions. 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. This is in contrast to command and control environmental regulations such as best available technology bat standards and government subsidies. Cap and trade reduces emissions such as those from power plants by setting a limit on pollution and creating a market.

Cap and trade is an approach that harnesses market forces to reduce emissions cost effectively. More about this program 2019 annual compliance deadline. Cap and trade is a common term for a government regulatory program designed to limit or cap the total level of emissions of certain chemicals particularly carbon dioxide as a result of. 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.

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. 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. For businesses that cannot achieve this cap they can trade with other companies that won t reach their cap limits.

We re investing all of our carbon market proceeds into projects to reduce greenhouse gas pollution. Cap and trade is environmentally and economically friendly approach to capping and controlling greenhouse gas emissions which is the primary cause of global warming.