Cap-and-Trade Program (California)

英文Cap-and-Trade Program (California)

中文 (征集中)

英文释义

The California Cap-and-Trade Program, effective Jan. 1, 2012, is designed to reduce greenhouse gas (GHG) emissions from covered entities by setting a firm cap on statewide GHG emissions while employing market mechanisms to achieve the emission-reduction goals. A statewide cap for GHG emissions from entities, which is measured in metric tons of carbon dioxide equivalent (MTCO2e), commenced on Jan. 1, 2013, declines over time, achieving GHG emission reductions throughout the program’s duration. Each covered entity is required to surrender one compliance instrument (allowance or offset credit) for each ton of GHG emissions they emit

中文释义

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