What is ETS?

Jasmine Nair asked 5 months ago
Summary
What is ETS?
Article Name
What is ETS?
Description
Explore the concept of ETS and how it works as a market-based approach to control greenhouse gas emissions.
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GreenSutra
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1 Answers
Best Answer
Team GreenSutra® Staff answered 5 months ago

ETS refers to Emissions Trading Scheme.

Article 17 of Kyoto Protocol allows the countries that have emissions units to spare to sell these excess capacity – emissions permitted by them but not used – to countries that are unable to generate spare emissions units as Emissions Trading.

Emissions Trading Schemes are utilized as instruments of climate policy at the national and international levels.

Currently, the European Union Emissions Trading Scheme also known as EU ETS is the largest one in operations.