cap and trade Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “cap and trade” in the English Dictionary

"cap and trade" in Business English

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cap and tradenoun [U]

uk   us   ENVIRONMENT, SOCIAL RESPONSIBILITY
a ​system that puts a ​limit on the ​amount of ​pollutioncompanies can ​produce. Companies can ​buy and ​sellrights to put harmful ​gases into the ​air, ​meaning a ​company that ​reduces its ​pollution is ​financiallyrewarded: Cap and ​trade has been ​successful in ​reducing acid rain in the U.S. by more than 30%. cap and ​tradeprogram/​scheme/​system
(Definition of cap and trade from the Cambridge Business English Dictionary © Cambridge University Press)
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