Letter C
environmental
Cap and Trade
A market-based approach to controlling pollution by setting a cap on total emissions and allowing companies to buy and sell emission allowances.
Encyclopedia entry: Cap and Trade
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cap-and-trade
See: cap and trade .
[Last reviewed in November of 2024 by the Wex Definitions Team
]
Wex
Encyclopedia content from Cornell LII Wex (CC-BY-NC-SA 2.5).
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This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.