Sentences with phrase «buying emission reduction credits»

One of the measures agreed under the Kyoto Protocol was the Clean Development Mechanism, which allowed western countries to offset their emissions by buying emission reduction credits (CERS) from the developing world.

Not exact matches

The complaint alleges that Glaser, who's not identified by name, used his personal e-mail when he agreed in August 2013 to help Percoco get state approval for CPV to buy «emission reduction credits» in New York to help it build the New Jersey plant.

To produce the up - front money needed for projects, The Environmental Services Development Agency strategy is to solicit private sector buyers in need of emissions reductions to buy carbon credits at approximately $ 3 per ton.

The policy also says that companies that promise a certain quantity of reductions in return for money from the $ 2.5 bn emissions reduction fund, but then don't manage to live up to their promises, could buy credits from companies that reduce emissions by more than they had envisaged.

It includes, in addition to internal reductions, a commitment to financing external emission reductions either through buying voluntary market carbon credits or by funding activities directly.

Overall, the EU will only scrape its target of an eight percent reduction in emissions relative to 1990 levels and will rely heavily on buying carbon credits from developing countries in order to achieve it.

That centerpiece is the cap - and - trade Emissions Trading System (ETS), under which companies buy and sell carbon reduction credits.

To meet the 5 % reduction target, another 100 million tonnes would have to be covered by buying emissions credits from developing countries and overseas permits, likely from the European Union.

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.

The market - based concept was established by the Kyoto Protocol as a means of allowing CO2 - intensive industries to cut emissions by buying credits off others making reductions.

In this series of posts, we explore how EPA has designed the Clean Power Plan to facilitate the buying and selling of credits representing emissions reductions at fossil - fuel fired power plants.

And EU nations will be allowed to buy in credits for emissions reductions far from Europe, and count them against as much as 90 % of their national reduction targets.