EU Emissions Trading System (EU ETS)
The EU ETS implements a cap-and-trade program to limit greenhouse gas emissions below the cap through purchasing allowances.
Emissions Trading System (ETS) is a market-based mechanism where a government sets an overall cap on greenhouse gas emissions and allocates emission allowances to regulated entities.
California Cap-and-Trade Program
The EU ETS implements a cap-and-trade program to limit greenhouse gas emissions below the cap through purchasing allowances.