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Noun: ETS
  1. A market-based trading scheme for rights to emit greenhouse gasses that contribute to global warming
    - emission trading scheme
Noun: ET
  1. A form of life assumed to exist outside the Earth or its atmosphere
    - extraterrestrial being, extraterrestrial, alien
     
  2. Standard time in the 5th time zone west of Greenwich, reckoned at the 75th meridian; used in the eastern United States
    - Eastern Time, Eastern Standard Time, EST

Type of: civil time, hypothetical creature, local time, standard time

Encyclopedia: ETS

ET, The Extra Terrestrial