Sentences with phrase «allowance trading»
Allowance trading refers to the buying and selling of permits or credits that allow businesses to emit a certain amount of pollution. It is a system designed to control and reduce pollution by giving companies a limited "allowance" for emissions. They can trade or exchange these allowances with other businesses, which helps them meet their emission targets more efficiently. Full definition
Fifth, acid rain was an unregulated problem until the SO2 allowance trading program of 1990; and the same can be said for leaded gasoline and CFC's.
robertstavinsblog.org
The EU emissions allowance trading scheme provides an opportunity to use international means to achieve emissions cuts at the lowest possible costs.
This argument is especially galling to EPA's supporters, because under President George W. Bush's administration, when Holmstead himself was an EPA official in charge of air pollution programs, the agency tried to regulate mercury pollution using a similarly flexible system of pollution allowance trading.
My own researh shows that predicting the relative costs (and hence the necessary subsidies or other incentives needed) of different energy technologies is very complex and depends on future fossil fuel prices, rates of technological change, and the cost of carbon (through allowance trading or a carbon tax).
Several cost containment measures are outlined in the program, including allowance trading and banking, offsets, and a compliance reserve, which makes a number of allowances available in individual years under a tiered pricing system.
One simple, straightforward way states can broaden the scope of their interstate allowance trading program is to adopt EPA's model rule and link to the federal mass - based trading plan.
Analysis that supported the design of Ontario's cap and trade program, for example, found that linked allowance trade reduced the cost of Ontario achieving its climate targets alone from $ 157 per tonne of carbon dioxide to just $ 20 per tonne with linked carbon trade.
The proposed rule asked for comments about trading and called out the Northeast's Regional Greenhouse Gas Initiative as a potential example of regional collaboration in rule compliance but did not specify allowance trading mechanisms.
Austria should also incorporate Kyoto flexible mechanisms into the climate strategy, particularly the EU emission allowance trading scheme.
Directs the Administrator to study the impact of emission allowance trading.
Seventh and finally, the adoption of the SO2 allowance trading program for acid rain control — like any major innovation in public policy — can partly be attributed to a healthy dose of chance that placed specific persons in key positions, in this case at the White House, EPA, the Congress, and environmental organizations.
Related to this, a third factor was that the SO2 allowance trading program, the leaded gasoline phasedown, and the CFC phaseout were all designed to reduce emissions, not simply to reallocate them cost - effectively among sources.
The competitor proposal from Senators Cantwell and Collins — the CLEAR Act — has been labeled by those Senators as a «cap - and - dividend» approach, but it is nothing more nor less than a cap - and - trade system with a particular allocation mechanism (100 % auction) and a particular use of revenues (75 % directly rebated to households)-- and, it should be mentioned, some unfortunate and unnecessary restrictions on allowance trading.
Dinan, T. and D.L. Rogers, 2002: Distributional effects of carbon allowances trading: How government decisions determine winners and losers.
The bill creates a comprehensive cap on greenhouse gas pollution, paired with an allowance trading system aimed at reducing the costs of meeting the caps while offering a range of opportunities for reducing greenhouse gas pollution and boosting the uptake of carbon by soils, crops and trees.