The fund invented the cap-and-trade system for cutting carbon emissions. The mechanism involves putting a cap on overall emissions and allows companies to buy and sell emissions reductions, so that the cheapest cuts get made first. The EDF suggested this in the 1990s as a way of cutting sulfur-dioxide emissions from power stations.
Defined by economists as the owner-manager of a firm. Usually supplies capital, organizes production, decides on strategic direction and bears risk
Entrained gas – Formation gas that enters the drilling fluid in the annulus.
Entrained liquid – Liquid in any form carried along or
suspended in a stream of natural gas
In an oil and gas JOA, entitlement refers to that quantity of petroleum (excluding all quantities used or lost in joint operations) of which a party has the right and obligation to take delivery pursuant to the terms of the agreement, as such rights and obligations may be adjusted by the terms of any lifting, balancing and other disposal agreements entered into
System that enables IEC to provide a suitable computerized response to the changing business environment. An ERP system makes it possible to manage the computerized setup in any organization with the aid of a single database, a single application and a single user interface.
