EU Emission Trading Scheme (ETS) - Definition, glossary, details

Also known as EU emission trading system is the largest multi-national emissions trading system in the world. It is the European Union’s cornerstone policy to combat climate change and reduce greenhouse gas concentration in the atmosphere. Emissions trading schemes provide a financial incentive for organizations and corporations to reduce their carbon footprint. The aim of the EU ETS is to help member states of European Union to achieve their commitments to reduce greenhouse gas emissions in a cost effective way. This is based on the principle of ‘cap and trade’ system.

Other Terms

Enhanced Oil Recovery (EOR) Enhanced Greenhouse Effect Enhanced Gas Recovery (EGR)
Emissions Trading Emissions Cap Early crediting
EU Allowance (EUA) Ecological footprint

Power Plant CCS - Glossary

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