Sentences with phrase «emissions trading system by»

China has already announced plans for a nation - wide emissions trading system by 2015; India plans to set emission levels for its 563 biggest polluters by 2014.

Even year - to - year «emissions certainty» is vitiated in the European Emissions Trading System by provisions allowing borrowing and banking of allowances as well as by voluminous offsets.

Not exact matches

One recommendation by the alliance takes aim at Ontario government energy policy that could also double as climate policy, as the province has curtailed greenhouse gas emissions coming from the electricity sector by closing coal - fired power plants, invested in costly solar and wind energy projects, and instituted a cap - and - trade system that requires businesses to buy permits to cover their carbon emissions.

Only the EU Emissions Trading System and the carbon price floor were opposed by a clear majority of voters from across the political spectrum, though even then it is highly doubtful that very much political capital can be gained by abolishing measures equivalent to an annual average cost of # 13 per household, (see pie chart graph).

Certified Emissions Reduction credits (CERs) produced by the UN's Clean Development Mechanism; European Union Allowances (EUAs) produced by the European Union's Emissions Trading System (EU ETS), and Emissions Reduction Units (ERUs) produced by the UN's Joint Implementation mechanism.

Energy Both John McCain and Barack Obama have called for a cap - and - trade system to cut carbon emissions, although Obama's proposed reduction (80 percent from 1990 levels by 2050) is larger than McCain's (65 percent).

Called the Regional Greenhouse Gas Initiative, the group seeks to cut current emissions by 10 percent by 2019 through a cap - and - trade system.

Moreover, if the cap - and - trade system is bringing in revenue, that means by definition that there has to be a significant initial auctioning off of the emissions permits.

In 2015, the fixed tax will be replaced by a market - based emissions trading system, similar to that in the European Union.

«It'd be about four times larger in terms of the amount of CO2 emissions from the facilities that are [currently] covered, and it'd be by far the largest cap - and - trade system in the world,» said Larry Goulder, an economist at Stanford University who has organized meetings of carbon market architects in both China and California.

A strong energy package approved last year by a key Senate panel is seen as a sweetener for passing a much more controversial cap - and - trade system to regulate the emissions of greenhouse gases.

Introduction The Climate Action Regulation (CAR), also known as the Effort Sharing Regulation, is Europe's tool to reduce the climate impact of sectors not covered by the EU Emissions Trading System (EU ETS).

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From Barack Obama's website: Obama supports implementation of a market - based cap - and - trade system to reduce carbon emissions by the amount scientists say is necessary: 80 percent below 1990 levels by 2050.

Through a so - called cap and trading system, those making extra-deep cuts in emissions can profit by selling what amounts to their extra credit to those who can not afford to cut their own gas releases so deeply or quickly.

They argued that the trading system provides far too much leeway for dealing in «offsets,» credits earned by avoiding or preventing emissions of carbon dioxide.

Specifically, I will implement a market - based cap - and - trade system to reduce carbon emissions by the amount scientists say is necessary: 80 percent below 1990 levels by 2050.

This system would force overall emission reductions but allow flexibility through a market that trades credits accrued by companies or institutions that make extra-deep cuts.

The trading system has created a healthy carbon market now worth 56 billion US dollars, and has reduced Europe's emissions by 50 - 100 million metric tons a year since 2005.

That's the optimistic opinion put forth by Speaker of the House Nancy Pelosi — she issued that statement as Congress set about the «mother of all climate weeks» to debate revolutionary climate and energy legislation that could potentially land the US a cap and trade system to cut nationwide carbon emissions.

[ANDY REVKIN notes: I also encourage you, if you haven't seen it already, to read today's report by James Kanter and Jad Mouawad showing deep flaws in Europe's system for capping (and trading) emissions of greenhouse gases.

The «emissions reductions» approach, including cap - and - trade systems and other economic incentive mechanisms as well as direct regulatory controls, will require power plants, cars, and many other GHG sources to become more «efficient» by cutting their discharges.

That cap - and - trade system has cut sulfur dioxide emissions by 50 percent, and has saved electricity companies — and hence shareholders and ratepayers — some $ 1 billion per year compared with a conventional, non-market approach.

In order to get back on track with decarbonisation of the electricity sector in a manageable way, policymakers across the EU will have to address this market failure by turning the focus from subsidies back to the emissions trading system.

(Of course, the largest emissions trading program in the world is now the European Union Emissions Trading System (EU ETS), a greenhouse - gas, cap - and - trade system that was implemented in 2005 and whose design was influenced by the U.S. SO2 emissions trading program in the world is now the European Union Emissions Trading System (EU ETS), a greenhouse - gas, cap - and - trade system that was implemented in 2005 and whose design was influenced by the U.S. SO2 prtrading program in the world is now the European Union Emissions Trading System (EU ETS), a greenhouse - gas, cap - and - trade system that was implemented in 2005 and whose design was influenced by the U.S. SO2 Emissions Trading System (EU ETS), a greenhouse - gas, cap - and - trade system that was implemented in 2005 and whose design was influenced by the U.S. SO2 prTrading System (EU ETS), a greenhouse - gas, cap - and - trade system that was implemented in 2005 and whose design was influenced by the U.S. SO2 proSystem (EU ETS), a greenhouse - gas, cap - and - trade system that was implemented in 2005 and whose design was influenced by the U.S. SO2 prosystem that was implemented in 2005 and whose design was influenced by the U.S. SO2 program.)

In June 1989, President George H. W. Bush proposed the use of a cap - and - trade system to cut by half sulfur dioxide emissions from coal - fired power plants and consequent acid rain.

So a carbon tax and an emissions trading system differ in a fundamental way: under a carbon tax the price of carbon emissions is fixed by the government and the amount of emissions varies; under an emissions trading system the amount of emissions is fixed by the government and the price varies.

In the 1980s, tradable - permit systems were used to accomplish the phasedown of lead in gasoline -(at a savings of about $ 250 million per year), and to facilitate the phaseout of ozone - depleting chloroflourocarbons (CFCs); and in the 1990's, tradable permits were used to implement stricter air pollution controls in the Los Angeles metropolitan region, and — most important of all — a cap - and - trade system was adopted to reduce sulfur dioxide (SO2) emissions and consequent acid rain by 50 percent under the Clean Air Act amendments of 1990 (saving about $ 1 billion per year in abatement costs).

The case dates back to October 2008, around the same time the European Commission introduced phase two of its EU emissions trading system (EU ETS), which was designed to combat climate change by reducing greenhouse gases.

Includes provisions: (1) creating a combined energy efficiency and renewable electricity standard and requiring retail electricity suppliers to meet 20 % of their demand through renewable electricity and electricity savings by 2020; (2) setting a goal of, and requiring a strategic plan for, improving overall U.S. energy productivity by at least 2.5 % per year by 2012 and maintaining that improvement rate through 2030; and (3) establishing a cap - and - trade system for greenhouse gas (GHG) emissions and setting goals for reducing such emissions from covered sources by 83 % of 2005 levels by 2050.

The plan announced by states in the RGGI cap - and - trade system — Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New York, Rhode Island, and Vermont — would further reduce power plant emissions by 30 percent between 2020 and 2030.

Indeed, today we are not even considering an actual U.S. carbon tax, which is preferred by almost all academic economists for this purpose, but instead a cap - and - trade system (i.e., emissions rationing) because it is more politically palatable to hide the costs to consumers this way.

By 2011, the European Union plans to require airlines to join the region's emissions - trading system that would cap carriers» output of carbon dioxide and other pollutants and force them to buy credits if they went over the limit.

«It'd be about four times larger in terms of the amount of CO2 emissions from the facilities that are [currently] covered, and it'd be by far the largest cap - and - trade system in the world,» said Larry Goulder, an economist at Stanford University who has organized meetings of carbon market architects in both China and California.

Others have cap - and - trade systems where the governing body sets a gradually reducing limit on emissions covered by the scheme, and let the market set the price.

With Kyoto now passed into law and the European Emissions Trading System about to enter into force, the business lobby is increasingly tantalized by the prospect of carbon tTrading System about to enter into force, the business lobby is increasingly tantalized by the prospect of carbon tradingtrading.

Ten northeastern states in the USA (Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Rhode Island, and Vermont) implemented a carbon cap and trade system which will reduce their CO2 emissions from the power sector by 10 % by 2018 in the Regional Greenhouse Gas Initiative (RGGI).

This is because under a nationwide cap - and - trade system, any additional emission reductions achieved in California will be offset by fewer reductions in other states.

Despite various loopholes, the system of global emission caps supplemented by an international system of emissions trading including the opportunities provided by the Clean Development Mechanism and Joint Implementation, is a beautiful structure.

An analysis published a few days ago by the campaigning group Sandbag estimates the amount of carbon that will have been saved by the end of the second phase of the EU's emissions trading system, in 2012 (3).

This article was first published on Green Air Online on 11 July 2017 Wed 12 July 2017 — Yesterday, the European Parliament's environment committee (ENVI) voted on how the aviation sector should be treated under the EU's Emissions Trading System (EU ETS), in response to a decision by the International Civil Aviation Organization (ICAO) to set...

The ETS is Europe's version of a cap - and - trade system, which sets a ceiling as a benchmark for the total greenhouse gas emissions that sectors covered by the ETS are allowed to produce.

WASHINGTON, DC, January 8, 2003 (ENS)- A bipartisan bill introduced in a U.S. Senate hearing today would attempt to curb global warming by establishing a market based trading system in greenhouse gas emissions.

Co-authored by the IEA and China's Energy Research Institute, this paper discusses how China could use an emissions trading system (ETS) to control CO2 from its power generation sector, the single largest emitter of the country's energy - related emissions.

The ongoing process of the Kyoto mechanisms, such as the CDM and the emissions trading system, demand market certainty, made possible by a strong mandate to develop effective tools to mitigate GHG emissions and fund adaptation projects.

The report, produced by the Manchester Metropolitan University's Centre for Air Transport and Environment, titled «Mitigating future aviation CO2 emissions — timing is everything» finds that a new market - based carbon trading system for the airline industry can not be delayed any longer.

His list of promises largely reiterated what he called for on the campaign trail: a federal cap - and - trade system, emissions cuts to 80 percent below 1990 levels by 2050, and $ 15 billion a year for clean energy.

«Around the world, pricing systems are being built up — from China to California — and Europe can fix its emissions trading by introducing a minimum price.

The difference is a result of emissions accounting rules, with part of the UK's emissions covered by the EU Emissions Trading System emissions accounting rules, with part of the UK's emissions covered by the EU Emissions Trading System emissions covered by the EU Emissions Trading System Emissions Trading System (EU ETS).

Emissions from static sources covered by the cap and trade system, mainly power stations and large industrial complexes, fell 2 % during 2012 the latest Union Registry figures showed.