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WordNet-Online
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Definitions from the WebCap and TradeDescription:Cap and trade refers to a market-based approach used to control pollution and greenhouse gas emissions. It involves setting a limit (cap) on the total amount of emissions produced by a specific sector or industry. Companies are then granted or required to purchase permits, known as allowances, which allow them to emit a certain amount of pollutants. These allowances can be traded among companies, creating a market where emissions can be bought and sold. Sample Sentences:Noun - General Sense: The government introduced a new cap and trade program to reduce carbon emissions. Noun - Environmental Policy: The cap and trade system has proven effective in reducing air pollution. Verb - Implementing Cap and Trade: The company decided to cap and trade its carbon emissions instead of paying hefty fines. Adjective - Cap and Trade Market: The cap and trade market allows businesses to achieve their emission reduction goals more efficiently. Adverb - Cap and Trade Mechanism: Companies can trade their excess emissions allowances fairly and transparently under the cap and trade mechanism. Related Products: | ||||
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