Sentences with phrase «auction of permits»

What to do with the revenue from the auction of permits is an important question.

The price of fossil energy would be raised equally under either system, and returning to citizens on an equal per capita basis the revenues from the tax or from government auction of the permits would leave most people no worse off than before the energy price increase.

Regulating carbon as it comes out of the ground with no exceptions and returning any funds from an auction of permits to general funds leaves less room for pork and inefficiency.

In the past, a few trading systems have auctioned some of their permits, but «big carbon» — including coal mining firms and owners of coal - fired power plants — is organizing to resist such attempts.

Not exact matches

Government bond auctions should be permitted to fail as a means of expressing disproval over government policy choices.

This week the IEA posted an interesting proposal to use market demand to auction off work permits instead of using caps, quotas or points.

- The provision of a floor price for carbon, as well as efforts to persuade the EU to move towards full auctioning of ETS permits.

The provision of a floor price for carbon, as well as efforts to persuade the EU to move towards full auctioning of ETS permits.

Under this plan, permits are auctioned, but the revenues do not go to the government; they go back to citizens in the form of dividends, distributed equally among everyone, perhaps even wired directly to people's bank accounts or debit cards.

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.

The first batch of carbon permits were auctioned off to power companies in late September, and a second auction is scheduled for December.

At a summer 2006 hearing of the U.S. Senate to discuss the design of a potential emissions trading system, several American utilities urged that auctions, if used at all, should be limited to just five to 15 percent of total permits.

Working families rebate checks from start; Allocated permits dedicated to consumer protection through rebates and efficiency measures; Universal rebate checks from 75 % of auction revenues starting in 2026

In two auctions, the agency auctioned off 150 000 «allowances», each permitting its holder to release 1 tonne of sulphur dioxide into the air.

$ 8 billion) over first ten years for deficit reductionObeys PAYGO; Starting in 2026, 25 % of auction revenues for deficit reductionFuels and TransportationIncrease biofuels to 60 million gallons by 2030, low - carbon fuel standard of 10 % by 2010, 1 million plug» in hybrid cars by 2025, raise fuel economy standards, smart growth funding, end oil subsidies, promote natural gas drilling, enhanced oil recoverySmart growth funding, plug - in hybrids, raise fuel economy standards $ 7 billion a year for smart growth funding, plug - in hybrids, natural gas vehicles, raise fuel economy standards; offshore drilling with revenue sharing and oil spill veto, natural gas fracking disclosureCost ContainmentInternational offsetsOffset pool, banking and borrowing flexibility, soft price collar using permit reserve auction at $ 28 per ton going to 60 % above three - year - average market price» Hard» price collar between $ 12 and $ 25 per ton, floor increases at 3 % + CPI, ceiling at 5 % + CPI, plus permit reserve auction, offsets like W - MClean Air Act And StatesNot discussedOnly polluters above 25,000 tons of carbon dioxide equivalent a year, regional cap and trade suspended until 2017, EPA to set stationary source performance standards in 2016, some Clean Air Act provisions excludedOnly polluters above 25,000 tons of carbon dioxide equivalent a year, regional cap and trade pre-empted, establishes coal - fired plant performance standards, some Clean Air Act provisions excludedInternational CompetitivenessTax incentives for domestic auto industryFree allowances for trade - exposed industries, 2020 carbon tariff on importsCarbon tariff on importsReferences: Barack Obama, 2007; Barack Obama, 8/3/08; Pew Center, 6/26/09; leaked drafts of American Power Act, 5/11/10.

g) selling, bartering and / or purchasing Points or Rewards including attempting to sell or transfer Points or Rewards by means of internet based sales or auctions unless otherwise permitted under these Terms and Conditions; or

The use of the Fed's Term Auction Facility, which allows banks to borrow at relatively attractive rates against a wider range of their assets than previously permitted, saw borrowing of nearly $ 50bn of one - month funds from the Fed by mid-February.

g) selling, bartering and / or purchasing Points or Rewards including attempting to sell or transfer Points or Rewards by means of internet based sales or auctions unless otherwise permitted under these Terms and Conditions; or

Ms. Raicovich said the decision regarding the Israel event, which was made by the board, simply had to do with an application of the museum's space rental practice, which has not permitted art fund - raisers, auctions or political events.

But nearly all of the research money under the Obama plan was slated to come from the revenues generated by auctioning permits for greenhouse gas emissions.

Of course, many, many other issues factor into the raging cap and trade debate too: how many permits to auction, how to regulate it, and whether it'd be better to replace it with a tax altogether.

It would accomplish this by auctioning off % 100 of the carbon permits to polluting companies — instead of giving a portion away for free, as the European cap and trade did.

Does not promise a «100 % auction», but instead offers he'll auction off «a portion» of the GHG pollution permits to raise $ 10B / year to invest in renewables.

An auctioned cap or a tax with 100 % return of the proceeds to the people is the most practical policy for several reasons: (a) it would begin real carbon reductions quickly; (b) it would be an honest and transparent way of treating the American people; (c) it would attract the broadest attainable political coalition across party lines; (d) it would be administratively simple for both the government and the private sector (with the tax or auctioned permits collected at the first point of sale or import of the carbon - containing fuel); (e) it would be a non-regressive way of introducing the carbon price into the economy; and (f) it would avoid a fiasco such as the special interest feeding frenzy that surrounded the recently failed Boxer - Lieberman - Warner bill in Congress.

His comment about a tax being passed on to consumers which was somehow a contrast to the effect of an auctioned carbon permit showed that his claims to experience are essentially hollow.

Obama is right that a cap - and - trade program with 100 % auctioned permits would be the functional equivalent of a carbon tax.

Is there anything Obama can learn from it?The Northeast Cap and Trade... or Carbon Tax Tomorrow, permits enabling companies to pollute a ton of carbon will be auctioned off for around a seemingly paltry $ 3 each — but there are 33.7 million of them.

The principal difference between them is that with permits, governments set the amount of a given activity that is allowed, such as the harvest from a fishery, and let the market set the price of the permits as they are auctioned off.

Obama's energy plan would use some of the revenue generated from the cap - and - trade permit auction to invest in climate - friendly energy development including advanced biofuels, locally - owned biofuel refineries, low - carbon coal technologies, and nuclear power.

The basic premise of cap and trade is that each year a certain amount of allowances, or permits to pollute, are made available by a mix of free allocation and quarterly auctions.

«If Wall Street traders can commodify sub-prime mortgages with impunity, and the Enrons of the world can manipulate energy markets like a pinball machine, imagine a future when tradeable permits for carbon dioxide and other heat - trapping gases are auctioned and swapped ov...

On the policy level, Macron is lobbying Germany to set a minimum price of 30 euros per ton in the CO2 permit auction, about six times the current market price, which would further accelerate the clean energy transition in Europe.

The results have been very positive: 100 percent of permits were sold in their most recent auction, at higher prices than expected, and evidence suggests that the ambitious emission reductions have been compatible with economic growth and have ensuring affordable access to energy.

The revenue could come either from auctioning pollution permits, a «wires fee» on electricity use, a modest tax on carbon, or a mix of all three.

The state government would auction off a declining number of tradable permits each year to raise revenue; the revenue from transportation fuels would go to the Highway Trust Fund, while the rest would be invested in various climate - y things ranging from clean energy to protections for low - income residents.

25 percent of emissions permits to be auctioned with option to increase later (Friends of the Earth and other NGOs wanted 100 percent from the start of the scheme)

to author a tough statement of principles for climate legislation that calls for strong near - term emissions targets, the auctioning of emissions permits, and major investment in clean - energy technology.

He has called for 35 percent of revenue from the auctioning of pollution permits to go toward tax rebates to Americans in the lowest income brackets.

The cap declines annually — reducing total pollution — and is enforced by selling a decreasing number of permits, known as allowances, via quarterly auctions.

All emissions permits to be sold to airlines at auction rather than given out for free; A multiplier of at least two, to be used to compensate for the additional impacts of emissions from aircraft at altitude;

He wants to give out many emission permits free to energy - intensive industries and to the local distribution companies (LDCs) that funnel electricity to users, rather than auctioning the permits off, and he wants permit giveaways to the industrial sector to continue throughout the whole length of the cap - and - trade program, rather than be phased out.

Today European governments approved the «backloading» of auctions of 900 million European Union carbon allowances that would otherwise have taken place in 2014 - 16, into the later years of the decade, and permits are expected to be withdrawn from the market after April.

On 30 May 2011, the Cabinet of Ministers of Ukraine adopted a new procedure governing the auction sales of special permits for subsoil use («Procedure»), which is now not limited to the span of the 2011 calendar year, and will apply onwards.

On 17 June 2008, a new auction procedure came into force for the sale of special permits for subsoil use in 2008.

On 21 July 2010, the Cabinet of Ministers of Ukraine (CMU) adopted a new annual procedure for holding auctions for the sale of the special permits for subsoil use in 2010 (the «Procedure»).

Once trading is introduced, there will be a fixed number of permits issued at auction, and a market price.

Roughly half of the permits issued to major carbon dioxide emitters will initially be given away for free, rather than auctioned

That poses a problem for cap and trade, since it's arguably a type of tax (not least since half of the permits are auctioned off to businesses).

Third, perhaps the courts will simply require modifications to cap and trade — so that CARB has to hand out all permits for free rather than auction some of them off (thereby making it less tax - like).

You have committed to a cap - and - trade program for GHG emissions reductions and an immediate cancellation of the Accelerated Capital Cost Allowance program, with permit auction and increased tax revenues slated to be re-invested in improving the environmental performance of the industry.