What is Europe's equivalent of a cap and trade system to set limits on air pollution?
A)Community Responsible Access Proportionality
B)Pollution Oriented Programs
C)Emissions Trading Scheme
D)Team-Oriented Pollution Exchange
E)Sovereign Trading Air Mixture Pollutants

Question

Quizplus · Accepted Answer

The Emissions Trading Scheme (ETS) is Europe's equivalent of a cap and trade system to set limits on air pollution. It operates by setting a cap on the total amount of certain greenhouse gases that can be emitted by installations covered by the scheme. These installations then receive permits to emit specific amounts of these gases, which can be traded with other installations if they emit less than their allocated amount. This incentivizes installations to reduce their emissions and rewards those who emit less.

What Is Europe's Equivalent of a Cap and Trade System