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Carbon Emissions
The release of carbon dioxide into the atmosphere, contributing to global climate change, primarily from burning fossil fuels and deforestation.
Cap-And-Trade
An environmental policy tool that sets a cap on emissions and allows entities to buy and sell permits for emissions as a way to reduce pollutants in a cost-effective manner.
Market Approach
A method of determining the value of an asset based on the selling price of similar items in the market.
Tragedy Of The Commons
A scenario where individual use of a shared resource in their own interest depletes or spoils that resource, despite understanding that this is against the common good.
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