Sentences with phrase «ceiling on carbon emissions»

So you get the odd spectacle of Smith going before the Senate to denounce cap - and - trade — the widely endorsed idea that the Government should set a national ceiling on carbon emissions and then allow companies to buy and sell pollution credits — on populist grounds.

Not exact matches

The cap - and - trade program has been selling carbon allowances since 2012 under California's economywide ceiling on 1990 emissions levels by 2020.

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.

The SkyShares model enables users to relate a target limit for temperature change to a global emissions ceiling; to allocate this emissions budget across countries using different policy rules; and then uses estimated marginal abatement costs to calculate the costs faced by each country of decarbonising to meet its emissions budget, with the costs for each country depending in part on whether and how much carbon trading is allowed.

This will include: • Keeping the non-conditional target of 5 % but reducing target range, conditional on global agreement to 20 - 29 % • a phase - out of the free permits for industry by 2012 allowing a gradual growth of jobs in greener industries and a natural transition for employees without job losses; • allowing the market to set the price for carbon permits rather than setting a price ceiling; • allowing industry to gain credit for investing in activities that reduce carbon emissions outside their business interests and operations.