cap and trade - What is the German translation? German translators help German translators with the translation of cap and trade

Conges terminology question

232 months ago

Juro-online asked this question:

Language pair:	English > German
Subject:	Other
Level of diffculty:	Difficult / demanding
Word or term in question:	cap and trade
Context:	aviation would become part of
Keywords:	-

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Answers on this question

232 months ago

wrote:

Emissionsrechtehandel

My comment:

Emissions trading (or cap and trade) is an administrative approach used to control pollution by providing economic incentives for achieving reductions in the emissions of pollutants [1]. In such a plan, a central authority (usually a government agency) sets a limit or cap on the amount of a pollutant that can be emitted. Companies or other groups that emit the pollutant are given credits or allowances which represent the right to emit a specific amount. The total amount of credits cannot exceed the cap, limiting total emissions to that level. Companies that pollute beyond their allowances must buy credits from those who pollute less than their allowances. This transfer is referred to as a trade. In effect, the buyer is being fined for polluting, while the seller is being rewarded for having reduced emissions. The more firms that need to buy credits, the higher the price of credits becomes -- which makes reducing emissions cost-effective in comparison.

My references:

http://de.wikipedia.org/wiki/Emissionsrechtehandel

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