A trading system through which countries may buy or sell units of greenhouse-gas emissions in an effort to meet their national limits on emissions, either under the Kyoto Protocol or under other agreements, such as that among member states of the European Union.
References
- Glossary of Terms for Negotiators of Multilateral Environmental Agreements, UNEP, 2007.
GEO-1-6
A trading system through which countries may buy or sell units of greenhouse-gas emissions in an effort to meet their national limits on emissions, either under the Kyoto Protocol or under other agreements, such as that among member states of the European Union.
References
- Glossary of Terms for Negotiators of Multilateral Environmental Agreements, UNEP, 2007.