Sentences with phrase «carbon emissions trading system»

Not exact matches

The pope repeated the strong call for environmental stewardship that he had made with his latest encyclical, Laudato Si, and Xi Jinping announced that China will launch a cap - and - trade system for carbon emissions in 2017.

Ms. Mitchelmore said CCS technology won't be widely adopted unless there is a price on carbon — either through a tax, a cap - and - trade system or regulations on emissions.

The logic behind carbon pricing — most likely either a tax on fossil fuels or a cap - and - trade system that allows companies to sell emission permits back and forth — is powerful.

One recommendation by the alliance takes aim at Ontario government energy policy that could also double as climate policy, as the province has curtailed greenhouse gas emissions coming from the electricity sector by closing coal - fired power plants, invested in costly solar and wind energy projects, and instituted a cap - and - trade system that requires businesses to buy permits to cover their carbon emissions.

This will be accomplished through a combination of a «cap and trade» carbon pricing system, mandatory vehicle emission standards, and investing in renewable energy production and consumption.

Only the EU Emissions Trading System and the carbon price floor were opposed by a clear majority of voters from across the political spectrum, though even then it is highly doubtful that very much political capital can be gained by abolishing measures equivalent to an annual average cost of # 13 per household, (see pie chart graph).

The order gives the U.S. Environmental Protection Agency the authority to repeal and replace the Clean Power Plan, the set of rules that established goals for reducing carbon dioxide emissions from fossil - fueled electricity plants through a national trading system.

In «Let them eat carbon» Sinclair reveals the financial implications of regulations such as the Renewables Obligation and the EU Emissions Trading System (EU ETS).

The country is developing a carbon - trading system that is expected to go into effect next year, and is also scrambling to find ways to cut emissions causing its massive urban air - pollution problem, says Dawe.

The first carbon market was the European Union's Emissions Trading System (ETS), set up as a result of the Kyoto protocol.

China could both benefit from the lessons of earlier efforts, such as Europe's flagship carbon market — the world's largest, known as the European Union Emissions Trading System, or ETS.

Should the government impose a price on carbon emissions, whether it is a tax or cap - and - trade system, CO2 - free sources, such as nuclear energy, will become even more competitive.

Energy Both John McCain and Barack Obama have called for a cap - and - trade system to cut carbon emissions, although Obama's proposed reduction (80 percent from 1990 levels by 2050) is larger than McCain's (65 percent).

This year, China may unveil its own emissions trading system, which could be the largest carbon pricing initiative in the world.

British Columbia and Alberta have already introduced modest carbon taxes; Ontario and Quebec have embryonic cap - and - trade systems that allow polluters to buy and sell a limited number of emissions permits.

He will also institute a cap - and - trade system to limit industrial carbon emissions.

«It'd be about four times larger in terms of the amount of CO2 emissions from the facilities that are [currently] covered, and it'd be by far the largest cap - and - trade system in the world,» said Larry Goulder, an economist at Stanford University who has organized meetings of carbon market architects in both China and California.

No carbon - trading system in the world has actually resulted in significant emissions reductions yet.

If the U.S. establishes a federal trading system in response, the scale of U.S. emissions trading could supplant the dominance of the E.U. in the budding global carbon market.

Taxes give clear, long - term price signals that make it easier for firms to make intelligent investments that will cut carbon emissions, whereas the price volatility of cap - and - trade systems impedes wise planning.

The party opposes «any and all cap and trade legislation» that would create a system of tradable pollution permits designed to reduce industrial emissions of warming gases such as carbon dioxide.

Chinese President Xi Jinping announced Friday that China will develop a carbon trading system as a way to reduce the country's greenhouse gas emissions.

To achieve these targets, the plan calls for controlling emissions from energy - intensive industries like power and steel, building a unified national carbon emissions trading market, implementing emissions reporting and verification for key industries, and establishing a green finance system, among other measures.

From Barack Obama's website: Obama supports implementation of a market - based cap - and - trade system to reduce carbon emissions by the amount scientists say is necessary: 80 percent below 1990 levels by 2050.

They argued that the trading system provides far too much leeway for dealing in «offsets,» credits earned by avoiding or preventing emissions of carbon dioxide.

Specifically, I will implement a market - based cap - and - trade system to reduce carbon emissions by the amount scientists say is necessary: 80 percent below 1990 levels by 2050.

To dramatically reduce carbon emissions, I will institute a new cap - and - trade system that over time will change the dynamic of our energy economy.

The trading system has created a healthy carbon market now worth 56 billion US dollars, and has reduced Europe's emissions by 50 - 100 million metric tons a year since 2005.

That's the optimistic opinion put forth by Speaker of the House Nancy Pelosi — she issued that statement as Congress set about the «mother of all climate weeks» to debate revolutionary climate and energy legislation that could potentially land the US a cap and trade system to cut nationwide carbon emissions.

Gates hammered on points reported here for many years: that without a big, and sustained, boost in spending on basic research and development on energy frontiers, the chances of triggering an energy revolution are nil; that while the private sector and venture capital investors are vital for transforming breakthroughs into marketable products or services, they will not invest in the long - haul inquiry that's required to generate game - changing breakthroughs; that a 1 or 2 percent tax on carbon - emitting fuels could generate a large, steady stream of money for invigorating the innovation pipeline; that a declining emissions cap and credit trading system --- if it could survive America's polarized politics --- would have to raise energy costs far beyond what would be politically tenable to generate a similar scale of transformational activity.

The European Commission was preparing an appeal on Friday to wealthy countries — and to the United States in particular — to adopt carbon trading as the main system for curbing greenhouse gas emissions.

Ezra Klein of the Washington Post interviewed one of the group's co-founders, Michael Shellenberger, on why a cap - and - and - trade system for emissions curbs was the wrong fit for the carbon problem.

As signs grew that the Senate was in no mood to set up a trading system for curbing carbon dioxide emissions, as I noted how the climate policy debate had circled back lately to the emissions - capping plan for power plants that had been proposed in the 2000 Bush campaign for the presidency, I found myself thinking about the vacuum that's persisted where President Obama should have been on this issue (if he planned to live up to his campaign commitments).

It seems prudent to move toward slowing the growth of greenhouse emissions, though a carbon tax, as professor Yohe suggested, would be preferable to any kind of cap - and - trade or cap - and - dividend system.

As for caps on carbon dioxide, both Senator Barack Obama and Senator John McCain support having a cap on emissions and a trading system for permits to pollute under the descending ceiling.

My point is this: In my view, the Times should find out, and convey to the public (in one place and in organized fashion), the views of each and every Congressperson, and person running for Congress, regarding a moratorium on coal - fired power plants (until their carbon dioxide emissions can be eliminated), a carbon «cap - and - auction» or «cap - and - trade» system, or carbon tax, and related matters having to do with global warming.

We definitely need some sort of mechanism to assign a cost / price to carbon emissions, but that could be a carbon tax of some sort rather than a cap - and - trade system.

Obviously this is not an ideal carbon cap and trade system — but any movement towards taxing emissions and funding renewable energy projects is progress in my book.

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The EU has a cap - and - trade carbon market, the $ 148 billion, eight - year - old Emissions Trading System (ETS).

The National Academy of Sciences specifically called for a carbon tax on fossil fuels or a cap - and - trade system for curbing greenhouse gas emissions, calling global warming an urgent threat.

This «linking» of two or more emission trading systems (ETS) creates a larger carbon market, which can provide the participating regions with more cost efficient options to reduce their emissions.

«A lot of people would rather do emissions trading systems, but we believe that carbon taxation would be a lot better,» she said.

The EU Emissions Trading System (ETS) for carbon dioxide (CO2) is the largest worldwide.

On the first criterion, Weitzman points out that while a carbon tax is more easily administered and more transparent than a cap - and - trade system, a carbon cap or a tax can both achieve cost - effective emissions reductions.

In no sense can an emissions trading system be called a carbon tax.

So a carbon tax and an emissions trading system differ in a fundamental way: under a carbon tax the price of carbon emissions is fixed by the government and the amount of emissions varies; under an emissions trading system the amount of emissions is fixed by the government and the price varies.

Set up in 2005, the EU ETS is the world's first and biggest international emissions trading system, accounting for over three - quarters of international carbon trading.

For example, an effective emission credit trading system will require some form of taxation of carbon dioxide emissions embodied in imports from nonsignatory countries.

«We need to put a price on carbon to accelerate these market trends,» Gore told the Chicago Tribune, referring to a proposed federal cap - and - trade system that would penalize companies that exceeded their carbon - emission limits.