Carbon Markets
Carbon markets, also known as emissions trading systems (ETS) or cap-and-trade systems, are mechanisms designed to reduce greenhouse gas (GHG) emissions by putting a price on carbon. The main goal is to provide economic incentives for businesses and entities to reduce their carbon dioxide and other GHG emissions.
Here's how carbon markets generally work:
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Cap-setting: A government or regulatory body sets a cap on the total amount ___ ________ __________ ______ ______.
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