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Landfill Allowance Trading Scheme
The Landfill Allowance Trading Scheme, LATS, is an initiative by the UK government, through DEFRA to help reduce the amount of biodegradable municipal waste (BMW) sent to landfill.〔(DEFRA Landfill Allowance Trading Scheme Introduction ), www.defra.gov.uk, Retrieved 29 November 2006〕〔(Landfill Allowance Trading Scheme a Practical Guide ), www.defra.gov.uk, Retrieved 29 November 2006〕
==How does it work?==
The Waste and Emissions Trading Act 2003〔(Waste and Emissions Trading Act 2003 )〕 provides the legal framework for the scheme and for the allocation of tradable landfill allowances to each waste disposal authority in England. These allowances will convey the right for a waste disposal authority to landfill a certain amount of biodegradable municipal waste in a specified scheme year.
Each waste disposal authority is able to determine how to use its allocation of allowances in the most effective way. It will be able to trade allowances with other authorities, save them for future years (bank) or use some of its future allowances in advance (borrow). This will allow individual waste disposal authorities to use their allowances in accordance with their investment strategy.
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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