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GCSE Geography · key term
A system that limits total emissions from covered activities and allows participants to buy and sell emissions allowances.
Used by OCR and Eduqas
Specification 1.3.5 · Paper 1
Revise: Sustainable Energy Management and Renewable DevelopmentThe UK Emissions Trading Scheme began in 2021, covering activities including power generation, aviation and energy-intensive industry. Covered operators need allowances for their emissions. Buying allowances creates a financial incentive to improve efficiency or use cleaner energy, while the overall cap limits permitted emissions.
Specification 2.4.5 · Component 1, Component 2
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A system in which participating organisations need allowances for their emissions, giving them a financial incentive to reduce those emissions.
The UK Emissions Trading Scheme makes emitting greenhouse gases a financial cost for participating industries. This gives businesses an incentive to reduce emissions rather than continue paying for them.
