I would rather see an annually decreasing per vehicle
carbon emissions allowance.
Maybe this could be one solution to drive a reduction in emissions, if we actually pay and get paid in
carbon emission allowances.
As the European Commission releases the data on emissions of installations covered by the EU Emissions Trading Scheme (EU ETS), evidence from the markets proves that most Member States granted their industries far too generous
carbon emission allowances in the period 2005 - 07.
Electric utilities would be allotted, or would buy,
carbon emission allowances.
Not exact matches
We are instead pressing ahead unilaterally with terrible policies: draining the budgets of families and businesses with excessive green taxes; picking losers by giving the most generous subsidies to the most expensive sources of low
carbon energy; and recreating the volatility of the housing market with an
emissions trading scheme where the supply of
allowances is fixed, so fluctuations in demand lead to wild swings in the price.
The state would raise the $ 30 million from the New York State Energy Research and Development Authority's (NYSERDA) auctioning of
carbon dioxide
emission allowances.
Individuals would be given a personal
allowance on how many
carbon emissions they could produce, under new plans being considered by the government.
Initial
allowances to emit
emissions were overly generous, making the market price of
carbon too low and the scheme ineffective.
The industries can generate cash by selling unused
carbon allowances for profit if they reduce
emissions more than required.
Outright fraud has plagued
emissions markets, whether it's Anne Sholtz building a Ponzi scheme out of smog
allowances in Los Angeles or European cheats charging extra for
carbon allowances under the guise of collecting a tax and then disappearing with the proceeds.
After all, the use of those commodities gives rise to the
carbon commodity — an
emissions allowance — in the same way that burning coal releases CO2.
Besides trading
carbon allowances among each other, companies included in Shenzhen and other Chinese
carbon markets are also able to use offset credits generated by
carbon - cutting projects to cover 5 to 10 percent of their
emissions as a way of lowering
emissions reduction costs.
Xu said that higher trading activities are expected to emerge in coming weeks because regulated emitters are approaching their deadline of reporting annual
emissions and therefore have stronger incentives to trade
carbon allowances.
«We are considering expanding the existing pilot programs into surrounding areas and link up those regional
carbon markets; if that fails, the central government will then design a nationwide
emissions trading scheme and allocate
allowances to each region,» said Xu, the government official involved in the national
carbon market buildup.
In his campaign last fall, President Barack Obama called for a «cap and trade» plan that would auction off
carbon dioxide (CO2)
emissions allowances to big
carbon polluters.
The cap - and - trade program has been selling
carbon allowances since 2012 under California's economywide ceiling on 1990
emissions levels by 2020.
-- For a covered entity described in section 700 (13)(C), 1
emission allowance for each ton of
carbon dioxide equivalent of fossil fuel - based
carbon dioxide, nitrous oxide, or any other fluorinated gas that is a greenhouse gas (except for nitrogen trifluoride), or any combination thereof, produced or imported by such covered entity during the previous calendar year for sale or distribution in interstate commerce.
-- If a reversal has occurred with respect to an offset project for which offset credits are reserved under this paragraph, the Administrator shall retire offset credits or
emission allowances from the offsets reserve to fully account for the tons of
carbon dioxide equivalent that are no longer sequestered.
«(B) the incremental number of tons of
carbon dioxide emitted solely as a result of a qualifying thermal sales agreement referred to in subsection (a)(5)(B)(ii), provided that in no event shall the Administrator distribute more than 1
emission allowance for the same ton of
emissions.
(ii) Insurance that provides for purchase and provision to the Secretary for retirement of a quantity of offset credits or
emission allowances equal in number to the tons of
carbon dioxide equivalents of greenhouse gas
emissions released due to reversal.
«(B) Insurance that provides for purchase and provision to the Administrator for retirement of an amount of offset credits or
emission allowances equal in number to the tons of
carbon dioxide equivalents of greenhouse gas
emissions released due to reversal.
-- For a covered entity described in section 700 (13)(J), 1
emission allowance for each ton of
carbon dioxide equivalent of greenhouse gas that would be emitted from the combustion of the natural gas, and any other gas meeting the specifications for commingling with natural gas for purposes of delivery, that such entity delivered during the previous calendar year to customers that are not covered entities, assuming no capture and sequestration of that greenhouse gas.
-- Where
carbon dioxide (or another greenhouse gas) generated by a covered entity is used as an input in the production of algae - based fuels, the Administrator shall ensure that
emission allowances are required to be held either for the
carbon dioxide generated by a covered entity that is used to grow the algae or for the portion of the
carbon dioxide emitted from combustion of the fuel produced from such algae that is attributable to
carbon dioxide generated by a covered entity, but not for both.
However, «study after study predicts that
carbon emissions will keep growing by roughly three percent a year — and at that rate, we'll blow through our 565 - gigaton
allowance in 16 years, around the time today's preschoolers will be graduating from high school.»
First, the energy - intensive, trade - exposed industries will be allocated 15 percent of all
carbon dioxide
emission allowances in 2014, the committee agreed.
Transport
emissions would be tackled by requiring refineries and importers of petroleum to hold
allowances for each ton of
carbon dioxide that would be emitted in the combustion of their products.
The first trading period successfully established the free trading of
emission allowances across the EU, put in place the necessary infrastructure and developed a dynamic
carbon market.
The first phase of the EU ETS — from 2005 to 2007 — drew criticism for not achieving substantial cuts in
emissions, excessive
allowance price volatility and for resulting in windfall profits for some utility firms that received
carbon allowances for free but were able to pass through their full cost to consumers in the form of higher electricity prices.
Carbon Clampdown: Closing the gap to a Paris compliant EU - ETS, warns that, in order to put EU
emissions on a path consistent with international climate targets, the price of traded
carbon allowances, known as EUAs, would have to rise to levels that would make even the most efficient coal and lignite power plants unprofitable.
Companies receive
allowances to cover their
carbon emissions, which they can also buy and sell.
Operators of fossil fuel plants with at least 25 megawatts in capacity hold «
carbon allowances» for every ton of CO2
emissions their plants give off.
(Sec. 115) Amends the CAA to require the EPA Administrator to promulgate regulations providing for the distribution of
emission allowances (established by this Act) that are allocated to support the commercial deployment of
carbon capture and sequestration technologies in electric power generation and industrial operations.
Subtitle B: Disposition of
Allowances -(Sec. 321) Amends the CAA to set forth provisions governing the disposition of emission allowances, including specifying allocations: (1) for supplemental emissions reductions from reduced deforestation; (2) for the benefit of electricity, natural gas, and / or home heating oil and propane consumers; (3) for auction, with proceeds for the benefit of low income consumers and worker investment; (4) to energy - intensive, trade - exposed industries; (5) for the deployment of carbon capture and sequestration technology; (6) to invest in energy efficiency and renewable energy; (7) to be distributed to Energy Innovation Hubs and advanced energy research; (8) to invest in the development and deployment of clean vehicles; (9) to domestic petroleum refineries and small business refiners; (10) for domestic and international adaptation; (11) for domestic wildlife and natural resource adaptation; and (12) for international clean technology d
Allowances -(Sec. 321) Amends the CAA to set forth provisions governing the disposition of
emission allowances, including specifying allocations: (1) for supplemental emissions reductions from reduced deforestation; (2) for the benefit of electricity, natural gas, and / or home heating oil and propane consumers; (3) for auction, with proceeds for the benefit of low income consumers and worker investment; (4) to energy - intensive, trade - exposed industries; (5) for the deployment of carbon capture and sequestration technology; (6) to invest in energy efficiency and renewable energy; (7) to be distributed to Energy Innovation Hubs and advanced energy research; (8) to invest in the development and deployment of clean vehicles; (9) to domestic petroleum refineries and small business refiners; (10) for domestic and international adaptation; (11) for domestic wildlife and natural resource adaptation; and (12) for international clean technology d
allowances, including specifying allocations: (1) for supplemental
emissions reductions from reduced deforestation; (2) for the benefit of electricity, natural gas, and / or home heating oil and propane consumers; (3) for auction, with proceeds for the benefit of low income consumers and worker investment; (4) to energy - intensive, trade - exposed industries; (5) for the deployment of
carbon capture and sequestration technology; (6) to invest in energy efficiency and renewable energy; (7) to be distributed to Energy Innovation Hubs and advanced energy research; (8) to invest in the development and deployment of clean vehicles; (9) to domestic petroleum refineries and small business refiners; (10) for domestic and international adaptation; (11) for domestic wildlife and natural resource adaptation; and (12) for international clean technology deployment.
Requires the President to: (1) report to Congress, by January 1, 2017, and biannually thereafter, on the effectiveness of the distribution of
emission allowance rebates in mitigating
carbon leakage in eligible industrial sectors: (2) establish, if there is no multilateral agreement on reducing GHGs in force by January 1, 2018, an international reserve
allowance program for each eligible industrial sector unless the President determines and the Congress concurs that the program, or inclusion of a sector within that program, would not be in the nation's economic or environmental interests.
The resistance by Lincoln and her Senate colleagues undercuts President Barack Obama's effort to win passage of legislation that would cap
carbon dioxide
emissions and establish a market for trading pollution
allowances, said Peter Molinaro, the head of government affairs for Midland, Michigan - based Dow Chemical Co., which supports the measure.
Requires auctions to have a minimum reserve price, which in: (1) 2012 will be $ 28 per
allowance; (2) 2013 and 2014 will be the minimum strategic reserve auction price for the previous year increased by 5 % plus the rate of inflation; and (3) 2015 and thereafter will be 60 % above a rolling 36 - month average of the daily closing price for that year's
emission allowance vintage as reported on registered
carbon trading facilities.
Requires the Secretary of Agriculture to establish a program to provide incentives in the form of
emission allowances for activities undertaken in the agriculture sector that reduce GHG
emissions or sequester
carbon, including activities that prevent conversion of land that would increase
emissions.
Upon reaching the limit described in the preceding sentence, any
emission allowances that are allocated for
carbon capture and sequestration deployment under section 782 (f) and are not yet obligated under this section shall be treated as
allowances not designated for distribution for purposes of section 782 (r).
-- This subsection shall apply only to the distribution of
emission allowances for
carbon capture and sequestration projects at electric generating units after the capacity threshold identified in subsection (c)(1) is reached.
Limits the trading of
allowances with facilities other than electricity generating facilities to certain
carbon dioxide
emission control programs.
-- For a covered entity described in section 700 (13)(F), (G), or (H), 1
emission allowance for each ton of
carbon dioxide equivalent of greenhouse gas that such covered entity emitted in the previous calendar year, excluding
emissions resulting from --
-- For a covered entity described in section 700 (13)(A), 1
emission allowance for each ton of
carbon dioxide equivalent of greenhouse gas that such covered entity emitted in the previous calendar year, excluding
emissions resulting from the combustion of --
The report cites estimates that the health effects of cutting industrial
carbon emissions are actually more valuable, at $ 49 per ton of
carbon dioxide, than the cost of
allowances and offsets.
-- For a covered entity described in section 700 (13)(I), 1
emission allowance for each ton of
carbon dioxide equivalent of greenhouse gas that the devices emitted in the previous calendar year, excluding
emissions resulting from the combustion of --
-- Not later than 90 days after the end of each calendar year, the Administrator shall establish and distribute to the entity taking the actions described in subparagraph (A), (B), or (C) of paragraph (1) a quantity of compensatory
allowances equivalent to the number of tons of
carbon dioxide equivalent of avoided
emissions achieved through such actions.
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.
-- For a covered entity described in section 700 (13)(E), 1
emission allowance for each ton of
carbon dioxide equivalent of greenhouse gas that such covered entity emitted in the previous calendar year.
«(B) Insurance that provides for purchase and provision to the Administrator for retirement of an amount of offset credits or
emission allowances equal in number to the tons of
carbon dioxide equivalents of greenhouse gas
emissions released due to reversal.
«(3) to eliminate or reduce distribution of
emission allowances under subpart 1 when such distribution is no longer necessary to prevent
carbon leakage from eligible industrial sectors.
-- If the Administrator adjusts under this paragraph the number of
emission allowances established pursuant to paragraph (1), the Administrator shall use the
carbon dioxide equivalent values established pursuant to section 712.