The Dictionary of the Climate Debate (DCD)

emissions trading
Definition: One of the Kyoto Protocol's three market mechanisms. It allows emitters — such as countries and companies — to buy or sell emission credits.

1. The goal is to bring down the costs of meeting emission targets by allowing those who can more-cheaply reduce emissions to sell their excess credits to those who find it more costly.

2. To view a table that shows how much CO2 each country emits, click here.

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