emissions-trading
UK[ɪˈmɪʃənzˌtreɪdɪŋ]US[ɪˈmɪʃənzˌtreɪdɪŋ]
n
a system for controlling pollution by setting a limit on the total amount of emissions allowed and permitting companies to buy and sell allowances to emit specific quantities
Morpheme Breakdown
emission
s
trading
emission
act of sending out
s
plural
trading
act of buying and selling
Etymology
The compound term "emissions-trading" is a modern financial and environmental construct. Its first element, "emission," traces back to the Latin verb mittere (to send, let go), combined with the prefix ex- (out), literally meaning "a sending out." This evolved to describe the discharge of substances, particularly pollutants, into the environment. The second element, "trading," originates from a Germanic root related to a "path" or "course," which by the 16th century had acquired the commercial sense of buying and selling. The term's logic is vividly metaphorical: it treats government-issued pollution permits as tangible commodities that can be commercially exchanged on a market, applying the mechanics of financial trading to the abstract problem of environmental regulation.
Analysis
Structure: emission (act of sending out) + s (plural) + trading (act of buying and selling)
- emission: From Latin 'emissio' (a sending out), from 'e-' (out) + 'mittere' (to send). Functions as the nominal head, specifying the commodity being traded.
- s: A native English plural suffix, indicating multiple units of the commodity.
- trading: From Middle English 'trade', of Germanic origin. Functions as the gerund, indicating the activity or system of commercial exchange.
Examples
The company profited from the emissions-trading scheme by selling its surplus carbon allowances.
Critics argue that emissions-trading can create perverse incentives rather than genuinely reducing pollution.
A well-designed emissions-trading system is a key component of many national climate policies.