Berkshire Encyclopedia of Sustainability, p. 50, 2010
6 Pages Posted: 2 Jan 2013
Date Written: 2010
One approach to controlling greenhouse gas emissions, “cap-and-trade” places caps, or limits, on allowable emissions (set by the government) but permits participating facilities to buy and sell, or trade, “allowances” on the open market. The most prominent example in U.S. law is the acid rain control program in the 1990 Clean Air Act Amendments. Cap-and-trade legislation is now being promoted to help mitigate global climate change.
Keywords: Sustainable development, sustainability, sustainable development law, comparative law, environmental law
JEL Classification: K20, K29, K32, K33, Q20, Q25, Q28, Q30, Q40, Q48, Q01
Suggested Citation: Suggested Citation