Emissions Trading (ET)
The Emissions Trading-mechanism allows parties to the Kyoto Protocol to buy 'Kyoto units'(emission permits for greenhouse gas) from other countries to help meet their domestic emission reduction targets.
Read more about this topic: Flexible Mechanisms
Famous quotes containing the word trading:
“His farm was “grounds,” and not a farm at all;
His house among the local sheds and shanties
Rose like a factor’s at a trading station.”
—Robert Frost (1874–1963)