Sentences with phrase «allowances under the cap»

In this case, low prices mean that firms are not exceeding their emissions allowances under the cap - and - trade scheme, and so do not need to purchase additional permits.

Not exact matches

Given the low rate of inflation in recent years, school districts and local governments have chaffed under caps that have been largely under 1 percent allowances.

The groups support using 5 percent of valuable greenhouse gas emission allowances under the bill's cap - and - trade system to prevent tropical deforestation and reduce international forest emissions.

The cap - and - trade program has been selling carbon allowances since 2012 under California's economywide ceiling on 1990 emissions levels by 2020.

Several bills pending in Congress would set a so - called cap - and - trade policy under which an overall limit on pollution would be set — and companies with low output could sell their allowances to those that fail to cut emissions as long as the total stays within the total pollution cap.

In the case of the China, seven pilot CO2 cap - and - trade regimes at the local level are under development, while in the United States, California's ambitious AB - 32 cap - and - trade system continues to make progress, and in the northeast, the Regional Greenhouse Gas Initiative (RGGI) is witnessing higher allowance auction prices due to the more severe targets the RGGI states recently adopted.

If Congress fails to act, President Obama has the power under the Clean Air Act to adopt a cap - and - trade system that auctions greenhouse gas allowances.

Companies operating under the cap aren't allowed to emit unless they get allowances, which the government either distributes or sells quarterly, using the proceeds to support environmental activities or poor communities.

For purposes of this section, the term «cap and trade program» means a system of greenhouse gas regulation under which a State or political subdivision issues a limited number of tradable instruments in the nature of emission allowances and requires that sources within its jurisdiction surrender such tradeable instruments for each unit of greenhouse gases emitted during a compliance period.

Such programs incentivize «climate action» by reallocating allowances under a future emissions budget or cap from those who don't take early action to those who do.

Under the Commission proposal the volume of free allowances available to industry may be reduced, but their share of the cap remains essentially undiminished.

To enable trading, rules are established that allow those entities with caps to meet their obligations either by purchasing unneeded allowances from others that have caps, funding projects that reduce emissions at places under the control of others, or purchasing off - sets created by carbon reduction projects somewhere in the world.

-- The term «cap - and - trade program» means an economy - wide program enacted by Congress under which greenhouse gas emission allowances are distributed or auctioned to control those emissions under the Clean Air Act (42 U.S.C. 7401 et seq.).

Under such plans, country emissions would be limited (cap), and the emissions allowances could be bought and sold among countries (trade).

In particular, when the allowances are allocated directly to affected sources in a traditional cap and trade program the allowance bank is either allowances held by affected sources for compliance obligations or those deemed surplus by compliance entities because of investments in controls to meet their compliance obligations under the cap.

Under cap - and - trade, the market will establish a price for greenhouse gas emissions allowances.