Sentences with phrase «emission allowances under»

«(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.

A qualifying project may receive annual emission allowances under this section only for the first 10 years of operation.

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.

-- In directing the provision of emission allowances under this subsection during the years 2012 through 2017, the Secretary shall give preference to applications for projects that save the maximum number of gallons of fuel.

-- 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.

The groups support using 5 percent of valuable greenhouse gas emission allowances under the bill's cap - and - trade system to prevent tropical deforestation and reduce international forest emissions.

The Valuation of Futures Options for Emissions Allowances under the Term Structure of Stochastic Multi-factors

This research and analysis demonstrates that an emissions containment reserve (ECR) would provide several important benefits to help improve the functioning of the market for emissions allowances under the Regional Greenhouse Gas Initiative (RGGI).

This analysis provides insight into the key differences between a wide range of effort sharing models, criteria, their proxy metrics and the most important assumptions that influence countries» emissions allowances under different equity regimes.

In this case, low prices mean that firms are not exceeding their emissions allowances under the cap - and - trade scheme, and so do not need to purchase additional permits.

Not exact matches

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

Under that program, power plant owners who installed equipment to scrub the sulfur dioxide out of the emissions from their smokestacks could then sell for a profit any leftover allowances to other polluters unable or unwilling to make the pricey upgrades.

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.

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

Several bills pending in Congress would set a so - called cap - and - trade policy under which an overall limit on pollution would be set — and companies with low output could sell their allowances to those that fail to cut emissions as long as the total stays within the total pollution cap.

-- Notwithstanding subparagraph (A), to demonstrate compliance prior to calendar year 2018, a covered entity may use 1 international offset credit in lieu of an emission allowance up to the amount permitted under this paragraph.

-- 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.

-- 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.

-- For calendar year 2017 and each year thereafter, the annual limit on the number of emission allowances from the strategic reserve account that may be auctioned is an amount equal to 10 percent of the emission allowances established for that calendar year under section 721 (a).

«(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.

Allowances so retired shall not be counted as emission allowances established for that calendar year under sectioAllowances so retired shall not be counted as emission allowances established for that calendar year under sectioallowances established for that calendar year under section 721 (a).

In addition, no international offset credits shall be issued for emission reductions from activities with respect to which emission allowances were allocated under section 781 for distribution under part E.

-- Except as provided in paragraph (2) or (3), the annual number of emission allowances that a covered entity may purchase at the strategic reserve auctions in each calendar year shall not exceed 20 percent of the covered entity's combined greenhouse gas emissions and attributable greenhouse gas emissions during the most recent year for which allowances or offset credits were retired under section 722.

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).

-- For each of calendar years 2012 through 2016, the annual limit on the number of emission allowances from the strategic reserve account that may be auctioned is an amount equal to 5 percent of the emission allowances established for that calendar year under section 721 (a).

Under the scheme, the government would first distribute emission allowances on a grandfathered basis, that is, according to the historical emission levels of the entities affected.

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.

The environmental benefit of the first phase may be limited due to excessive allocation of allowances in some Member States and some sectors, due mainly to a reliance on emission projections before verified emissions data became available under the EU ETS.

Subtitle D: State Energy and Environment Development Accounts -(Sec. 131) Requires the EPA Administrator to establish a program under which a state, through its State Energy Office or other state agency, may operate a State Energy and Environment Development (SEED) account to serve as a common state - level repository for managing emission allowances provided to states designated for renewable energy and energy efficiency purposes.

EPA proposes to set aside from the emission budget for the first compliance period up to 300 million CO2 allowances for use as matching early action allowances under the CEIP.

(Sec. 446) Requires the President to: (1) designate the Secretary of the Treasury to distribute emission allowances to the Global Environment Facility; and (2) report to specified congressional committees on assistance provided under this subtitle.

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.

(Sec. 480) Requires 100 % of emission allowances made available for this subpart to be provided to states for natural resource adaptation activities under such state plans.

In addition, no international offset credits shall be issued for emission reductions from activities with respect to which emission allowances were allocated under section 781 for distribution under part E.

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).

«For the purposes of decreasing the likelihood of catastrophic climate change, preserving tropical forests, building capacity to generate offset credits, and facilitating international action on global warming, the Administrator shall set aside the percentage specified in section 781 of the quantity of emission allowances established under section 721 (a) for each year, to be used to achieve a reduction of greenhouse gas emissions from deforestation in developing countries in accordance with part E.

«(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

For purposes of this section, the term «cap and trade program» means a system of greenhouse gas regulation under which a State or political subdivision issues a limited number of tradable instruments in the nature of emission allowances and requires that sources within its jurisdiction surrender such tradeable instruments for each unit of greenhouse gases emitted during a compliance period.

-- For vintage year 2012, the Administrator shall allocate for compensation for early actors 1 percent of emission allowances established under section 721 (a), to be distributed in accordance with section 795 of the American Clean Energy and Security Act of 2009.

-- 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).

«(1) a statement of the quantity of supplemental emissions reductions for which compensation in the form of emission allowances was provided under this part during the prior fiscal year, as registered by the Administrator under section 754 (f); and

RFF experts comment on proposed requirements for greenhouse gas emissions and model trading rules under the Clean Power Plan, giving ten recommendations about allowance allocation, requirements for state compliance plans, and EPA's role in implementation.

A covered entity's allowable emissions level for each calendar year is the number of emission allowances (or offset credits or other allowances as provided in subsection (d)-RRB- it holds as of 12:01 a.m. on April 1 (or a later date established by the Administrator under subsection (j)-RRB- of the following calendar year.

«(C) upon sale of such international offset credits, the Administrator shall retire those international offset credits, and establish and provide to the purchasers a number of emission allowances equal to 80 percent of the number of international offset credits so retired, which allowances shall be in addition to those established under section 721 (a); and

Such allowances shall be distributed ratably among small LDCs based on historic emissions in accordance with the same measure of such emissions applied to each such small LDC for the relevant vintage year under subsection (b)(2) of this section.

-- The Administrator shall designate as eligible to receive emission allowance rebates under this subpart an industrial sector that --

-- For vintage years 2012 through 2050, the Administrator shall allocate 1.05 percent of the emission allowances established under section 721 (a) for the Advanced Research Project Agency - Energy to be distributed in accordance with section 172 of the American Clean Energy and Security Act of 2009.