, also known as the European Union Emissions Trading System (EU ETS), is a market-based mechanism implemented by the European Union to reduce greenhouse gas emissions. - The
is a situation where individuals or entities benefit from a public good or resource without contributing to its production or maintenance. -
refers to the collaboration and coordination among countries to address common challenges and achieve shared goals. -
refers to a situation in which the allocation of goods and services by a free market is inefficient, leading to a suboptimal outcome. -
refer to the legal rights and ownership privileges that individuals or entities have over tangible or intangible assets. - The
is a graphical representation of the relationship between the quantity of a good or service that producers are willing and able to sell at different prices. -
, also known as emissions trading or cap and trade, are a market-based approach to controlling pollution. - The
is a concept in economics that refers to a situation where multiple individuals, acting independently and rationally, deplete a shared resource, leading to its degradation or depletion.
