What is 'emissions trading' in SAP EHS-ERP - EHS Management in ERP?

emissions trading - Overview

• Component: EHS-ERP

• Component Name: EHS Management in ERP

• Description: Regulatory framework under which it is possible to buy and sell emission allowances/credits also known as Cap & Trade programs. The accounting of such allowances/credits is done in Emissions Accounting.

emissions trading - Details

• 
  Key Concepts: 
  Emissions trading is a market-based approach to controlling pollution by providing economic incentives for achieving reductions in the emissions of pollutants. It is a system that allows companies to buy and sell permits to emit certain amounts of pollutants. The goal of emissions trading is to reduce the overall amount of pollution in the environment by providing an economic incentive for companies to reduce their emissions. 
  
  How to use it: 
  In SAP EHS-ERP EHS Management, emissions trading is used to manage and monitor the emissions of pollutants from companies. Companies can purchase permits to emit certain amounts of pollutants, and then trade these permits with other companies in order to reduce their overall emissions. The system also allows companies to track their emissions and monitor their progress towards reducing their emissions. 
  
  Tips & Tricks: 
  When using emissions trading in SAP EHS-ERP EHS Management, it is important to ensure that the permits are properly tracked and monitored. Companies should also ensure that they are aware of any changes in regulations or laws that may affect their ability to trade permits. Additionally, companies should be aware of any potential risks associated with trading permits, such as the potential for fraud or manipulation of the market. 
  
  Related Information: 
  For more information on emissions trading in SAP EHS-ERP EHS Management, please refer to the official SAP documentation.