TRADABLE PERMITS


Meaning of TRADABLE PERMITS in English

An economic policy instrument under which rights to discharge pollution or exploit resources can be exchanged through either a free or a controlled -permit- market. Examples include Individual Transferable Quotas in fisheries, tradable depletion rights to mineral concessions and marketable discharge permits for water-borne effluents. Scialabba (1998)

Fishery English glossary.      Английский глоссарий рыболовства .