cap and trade

uncountable

A market-based approach to control pollution by providing economic incentives for achieving reductions in emissions, participating companies being assigned an emissions quota that can be traded with others if not used.

Japanese Meaning

キャップ・アンド・トレードは、政府が企業に対して排出量の上限（キャップ）を設定し、その枠内で余剰となった排出権を取引（トレード）できるようにする、市場メカニズムに基づく環境政策制度です。 / 政府が定めた排出量の上限内で、排出権を売買することにより、経済的インセンティブを活用して排出削減を促す仕組みです。

What is this buttons?

The government implemented a cap and trade program to reduce industrial emissions.

Google Translation / DeepL Translation

政府は産業排出量を削減するために排出権取引制度を導入した。

Details

Sense（1）

China is implementing a cap and trade system in five cities (Beijing, Tianjin, Shanghai, Chongqing, and Shenzhen) and two provinces (Guangdong and Hubei). These pilots are intended to be up and running in 2013 in order to provide a learning experience that will be used to implement a nationwide cap and trade system by 2015.

Google Translation / DeepL Translation

Details

cap and trade

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