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Environmental credit trading
Environmental credit trading is a market-based approach to achieve pollution abatement goals set by environmental regulations. A credit is given to providers of pollution abatement. Regulated firms who cannot economically meet their abatement obligations can purchase credits from those who can produce credits at a cost lower than the expected market price.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Agriculture
- Category: General agriculture
- Company: USDA
- Product:
- Acronym-Abbreviation:
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