English
English version

cap-and-trade

From Longman Dictionary of Contemporary Englishcap-and-tradeˌcap-and-ˈtrade noun [uncountable]  a system in which companies are only allowed to produce a limited amount of substances that harm the environment. If they produce more than the amount allowed, they have to buy permission from other companies that produce less.
Pictures of the day
What are these?
Click on the pictures to check.