Not exact matches
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.
64 international jurisdictions already have carbon taxes or
emissions trading systems — covering 13 % of global
GHG emissions.
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.
Since these conservatives have successfully blocked attempts to implement a cap and
trade or other carbon pricing
system, we are left with government regulation (via the EPA and its endangerment finding) as the only alternative to reduce
GHG emissions from large emitters.
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.
European Union
Emissions Trading Scheme — a market - based «cap and
trade»
system for
GHGs adopted by European Union member states in January 2005 in advance of their obligations under the Kyoto Protocol