CAP-AND-TRADE


Meaning of CAP-AND-TRADE in English

ˌcap-and-ˈtrade BrE AmE noun [uncountable]

a system in which companies are only allowed to produce a limited amount of substances that harm the environment. If they produce more than the amount allowed, they have to buy permission from other companies that produce less.

Longman Dictionary of Contemporary English.      Longman - Словарь современного английского языка.