Sentences with phrase «creates emission allowances»

On the mitigation side, the state's cap and trade program creates emission allowances and a pot of money that can be used to to fund additional actions, whether it's public transit or other things to reduce emissions.

The broad - brush elements are familiar: they set an initial ceiling on the amount of climate - warming emissions allowed in the industrial, electricity, transportation and other sectors, then gradually lower this ceiling over the years, while creating emission allowances that can be traded among polluting industries.

Not exact matches

It would also limit some — though by no means all — of the possibilities for creating derivative securities based on the emissions allowances.

-- The emission allowances provided pursuant to this Act to the States SEED Accounts shall support the implementation through State REEP programs of alternate means of creating incentives for, or reducing financial barriers to, improved energy and environmental performance in buildings, consistent with this section, including --

Requires emission allowances to the states» SEED accounts to support the implementation through state REEP programs of alternative means of creating incentives for, or reducing financial barriers to, improved energy and environmental performance in buildings.

Emissions from power plants in New York State are down approximately 45 percent since 2005, and auction proceeds from sale of the RGGI allowances have reduced electricity expenditures and created thousands of green energy sector jobs.

-- The emission allowances provided pursuant to this Act to the States SEED Accounts shall support the implementation through State REEP programs of alternate means of creating incentives for, or reducing financial barriers to, improved energy and environmental performance in buildings, consistent with this section, including --

The surplus has created a problematic decline in the price of emissions allowances, which dropped as low as $ 2.81 in April 2013.

First a government establishes an emission limitation for total emissions from the government's jurisdiction and then permits or allowances are either given away or auctioned off and in this way create a society - wide «cap.»

To enable trading, rules are established that allow those entities with caps to meet their obligations either by purchasing unneeded allowances from others that have caps, funding projects that reduce emissions at places under the control of others, or purchasing off - sets created by carbon reduction projects somewhere in the world.

EPA anticipates that states might want to create tradable allowances for these low - emitting resources, and thus is offering tradable emissions rate credits (ERCs) produced in units of energy.

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.