Incap-and-tradeemissions trading systems, companiesreceive or buy permits to emit greenhouse gases. Some permitsmay be allocated free of charge, especially in the early phases of programs like theEU Emissions Trading System (ETS)to help industriestransition to lower emissions.
[References:, EU Emissions Trading System (ETS) Framework, UNFCCC Carbon Market Mechanisms Report, World Bank Carbon Pricing Report, ========, , ]
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