Sentences with phrase «emission allowances by»

«(2) if such multiple holders have expressly provided for a different distribution of emission allowances by contract, that emission allowances and the proceeds of transactions involving emission allowances will be deemed to be held or distributed in accordance with the contract.

Not exact matches

The bill aims to ameliorate these effects by allowing emitting plants to continue for a while by buying permits or allowances from other producers whose emissions are below their allowances — hence «cap and trade.»

Certified Emissions Reduction credits (CERs) produced by the UN's Clean Development Mechanism; European Union Allowances (EUAs) produced by the European Union's Emissions Trading System (EU ETS), and Emissions Reduction Units (ERUs) produced by the UN's Joint Implementation mechanism.

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.

Individuals would be given a personal allowance on how many carbon emissions they could produce, under new plans being considered by the government.

The industries can generate cash by selling unused carbon allowances for profit if they reduce emissions more than required.

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.

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

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.

-- The Administrator may establish by regulation criteria and procedures for determining whether, and for implementing a determination that, the expiration of an allowance, offset credit, or term offset credit, established or issued under the American Clean Energy and Security Act of 2009 or the amendments made thereby, or expiration of the ability to use an international emission allowance to comply with section 722, is necessary to ensure the authenticity and integrity of allowances, offset credits, or term offset credits or the allowance tracking system.

-- In directing the provision of emission allowances under this subsection to carry out section 122, the Secretary shall give preference to applications under section 122 (c) that are jointly sponsored by one or more automobile manufacturers.

«(1) any person in the United States to exchange instruments in the nature of offset credits issued before January 1, 2009, by a State or voluntary offset program with respect to which the Administrator has made an affirmative determination under section 740 (a)(2), for emissions allowances established by the Administrator under section 721 (a); and

«(B) If as a result of such a study, the Administrator determines that the use of such products by noncovered sources results in substantial emissions of greenhouse gases and that such emissions have not been adequately addressed under other requirements of this Act, the Administrator may, after notice and comment rulemaking, promulgate a regulation reducing compensatory allowances commensurately if doing so will not result in shifting such emissions to noncovered sources.

-- The percentage referred to in subparagraph (A) for a given calendar year shall be determined by dividing 2 billion by the sum of 2 billion plus the number of emission allowances established under section 721 (a) for the previous year, and multiplying that number by 100.

Submission of a statement by the owner or operator, or the designated representative of the owners and operators, of a covered entity that the owners and operators will hold allowances or offset credits for the entity's combined emissions and attributable greenhouse gas emissions to which section 722 applies shall be deemed to meet the proposed and approved planning requirements of title V. Recordation by the Administrator of transfers of allowances and offset credits shall amend automatically all applicable proposed or approved permit applications, compliance plans, and permits.

The ability to demonstrate compliance with offset credits shall be divided pro rata among covered entities by allowing each covered entity to satisfy a percentage of the number of allowances required to be held under subsection (b) to demonstrate compliance by holding 1 domestic offset credit or 1.25 international offset credits in lieu of an emission allowance, except as provided in subparagraph (D).

-- 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.

(1) auctioning of specified percentages of the available emissions allowances each year by the federal government and designating the revenue for particular adaptation programs; and

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.»

2) Undermining of the European Emissions Trading Scheme by introducing too generous allowances and giving allowances away rather than auctioning them.

The program reduces the number of available allowances issued each year to ensure that aggregate emissions from the covered entities are reduced by 3 % below 2005 levels in 2012, 20 % below 2005 levels in 2020, 42 % below 2005 levels in 2030, and 83 % below 2005 levels in 2050.

The potential supply of allowances in the compliance reserve can potentially be expanded by including emissions reductions outside California.

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.

Penalties for non-compliance are set by each state; in case of excess emissions, compliance allowances for three times the amount of excess emissions have to be surrendered in future periods.

The policy instrument would automatically make such corrections when needed, by holding a portion of the annual emissions allowances in reserve, restricting the sale of those allowances when prices fall below a certain predetermined level or levels.

Allowances for aviation and shipping were set aside within the 80 % by 2050 goal in a way that — for example — did not allow for rising emissions from a third runway at Heathrow.

A total of 88 % of allowances to be auctioned by each Member State is distributed on the basis of the Member State's share of historic emissions under the EU ETS.

Where such systems cap absolute emissions, there would be mutual recognition of allowances issued by them and the EU ETS.

The Third Adjustment for Banked Allowances, would adjust the base budget for 100 percent of the pre-2021 vintage allowances held by market participants as of the end of 2020, that are in excess of the total quantity of 2018, 2019, and 2020 Allowances, would adjust the base budget for 100 percent of the pre-2021 vintage allowances held by market participants as of the end of 2020, that are in excess of the total quantity of 2018, 2019, and 2020 allowances held by market participants as of the end of 2020, that are in excess of the total quantity of 2018, 2019, and 2020 emissions.

For the second trading period, Member States allowed their operators to use significant quantities of credits generated by emission - saving projects undertaken in third countries to cover part of their emissions in the same way as they use ETS allowances.

Finally, a feasible cap - and - trade design would have to consider many details, such as which sectors are covered by the cap, how emission allowances will be distributed, whether there will be price corridors, etc..

By the end of 2016 there was a 1.7 billion tonne surplus of allowances in the market [2]-- almost the same as the 1.75 billion tonnes of annual emissions covered by the schemBy the end of 2016 there was a 1.7 billion tonne surplus of allowances in the market [2]-- almost the same as the 1.75 billion tonnes of annual emissions covered by the schemby the scheme.

Plants that exceed their allowances must either reduce their emissions, or buy spare allowances from within the market, with the price determined by how many allowances are up for sale and how many are needed.

Allows a covered entity to satisfy a percentage of the number of allowances required to be held to demonstrate compliance by holding 1 domestic offset credit or 1.25 international offset credits in lieu of an emission allowance.

(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.

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.

Allows: (1) an emission allowance to be used to demonstrate compliance in the calendar year immediately preceding the vintage year for the allowance; (2) covered entities to demonstrate compliance in a specific calendar year for up to 15 % of its emissions by borrowing, with interest, allowances with a vintage year one to five years later than the calendar year.

The number of allowances made available each year under a mass - based trading program must equal the state's aggregate emission limit, which is set by EPA, and every generator subject to the Clean Power Plan must surrender allowances equal to the quantity of CO2 it emits during the compliance period.

Requires the Comptroller General to report to Congress on the results of a review of programs administered by the federal government that distribute emission allowances or funds from any federal auction of allowances.

Requires the EPA Administrator to promulgate regulations establishing a program to use emission allowances set aside to reduce GHG emissions from deforestation in developing countries, with the objectives to: (1) achieve 720 million tons of reductions in 2020 and a cumulative emission reduction of 6 billion tons by 2025, (2) build institutional capacities in developing nations; and (3) preserve intact, native forests.

Requires the EPA Administrator to issue regulations allowing: (1) any person to exchange instruments in the nature of offset credits issued before January 1, 2009, by an approved state or a voluntary offset program for emission allowances; and (2) the EPA Administrator to provide compensation in the form of emission allowances for other documented early reductions or avoidance of GHG emissions or GHGs sequestered before January 1, 2009, that meet specific conditions.

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.

Provides that allowances, international emission allowances, offset credits, and term offset credits do not expire unless they are: (1) retired by the EPA Administrator; or (2) determined to be expired or to have expired by a specific date by the EPA Administrator.

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.

-- Not later than June 30, 2013, and each calendar year thereafter through 2031, each electricity local distribution company shall submit a report to the Administrator, and to the relevant State regulatory authority or other entity charged with regulating or setting the retail electricity rates of such company, describing the disposition of the value of any emission allowances received by such company in the prior calendar year pursuant to this subsection and subsection (e), including --

No greater than 72 gigawatts of total cumulative generating capacity (including industrial applications, measured by such equivalent metric as the Administrator may designate) may receive emission allowances under this section.

«(1) any person in the United States to exchange instruments in the nature of offset credits issued before January 1, 2009, by a State or voluntary offset program with respect to which the Administrator has made an affirmative determination under section 740 (a)(2), for emissions allowances established by the Administrator under section 721 (a); and

-- The Administrator may establish by regulation criteria and procedures for determining whether, and for implementing a determination that, the expiration of an allowance, offset credit, or term offset credit, established or issued under the American Clean Energy and Security Act of 2009 or the amendments made thereby, or expiration of the ability to use an international emission allowance to comply with section 722, is necessary to ensure the authenticity and integrity of allowances, offset credits, or term offset credits or the allowance tracking system.

«(2) To be distributed in accordance with section 304 of the Energy Conservation and Production Act, as amended by section 201 of the American Clean Energy and Security Act of 2009, for each vintage year from 2012 through 2050, 0.5 percent of emission allowances established for that year under section 721 (a).