Sentences with phrase «buy emission allowances»

Power plants will have to buy emission allowances...

Within the cap, companies receive or buy emission allowances which they can trade with one another as needed.

Not exact matches

The bill aims to ameliorate these effects by allowing emitting plants to continue for a while by buying permits or allowances from other producers whose emissions are below their allowances — hence «cap and trade.»

As if fulfilling that prophesy, last Friday Governor Cuomo announced that New York State will «explore the possibility» of linking RGGI with California's cap - and - trade system, envisioning a «North American market» where emissions allowances are bought and sold across the United States as well as in Canada.

Allowing participating companies to buy or sell emission allowances means that emission cuts can be achieved at least cost.

The EU ETS is a «cap and trade» system, that is to say it caps the overall level of emissions allowed but, within that limit, allows participants in the system to buy and sell allowances as they require.

Companies receive allowances to cover their carbon emissions, which they can also buy and sell.

Plants that exceed their allowances must either reduce their emissions, or buy spare allowances from within the market, with the price determined by how many allowances are up for sale and how many are needed.

And President Barack Obama has called for a national cap - and - trade system that would set greenhouse - gas emission limits for many businesses and require those that exceeded them to buy allowances from others that haven't (see Chu's Wish List: Cap - and - Trade and Cheaper Solar).

But it's not clear what that exactly means — whether businesses will have to immediately start buying carbon allowances to cover their emissions, or some lesser form of regulation, like requiring companies to report their emissions.

(a) Emissions Trading (ET)- A mechanism that allows a nation with a Kyoto target to buy d allowances from a country with a Kyoto target that does need all of its allowances.

Companies could buy and sell credits among themselves, and could satisfy up to 15 percent of its emission reduction requirements by submitting tradeable allowances from another nation's market in greenhouse gases, or by contributing to projects that sequester carbon dioxide emissions.

Companies that exceed their permits must buy extra allowances from those companies who have managed to reduce their emissions - or pay stiff fines.

The logic of applying the tax only to emissions from the non-trading sectors is that emitters in the trading sectors — who can buy and sell allowances — already confront a price for carbon.

Reginal Greenhouse Gas Initiative is 9 Northeast States that agreed to lower carbon dioxide emissions from the region's power plants by 2.5 % each year through an auction of emission allowances the plants buy.

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

Finally, Henry phoned Gray at the White House and wondered aloud if it might be possible to order the Tennessee Valley Authority (TVA), a federally owned electricity provider, to start buying allowances to compensate for emissions from its coal - fired power plants.

The company decides how to use its allowance; it might restrict output, or switch to a cleaner fuel, or buy a scrubber to cut emissions.

Electric utilities would be allotted, or would buy, carbon emission allowances.

Companies buy and sell emission allowances (tradable certificates that allow a certain amount of emissions) based on their needs.

The requirement that regulated businesses hold enough allowances to cover their emissions ensures the cap is met and creates demand for the allowances.1 If it is less costly for a company to reduce emissions than to buy allowances, the company will reduce its own emissions.