Sentences with phrase «emission credits overseas»
Our sense is that the most committed governments will work to ensure that the E.U. complies with its Kyoto commitments as a whole, notably by purchasing emission credits overseas from the clean development mechanism and from a similar system that allows governments to obtain credits in Russia and other «transition» countries.
https://www.scientificamerican.com/ Not exact matches
China would gain foreign investment and energy infrastructure, while the British firm could meet its environmental obligations at lower cost because credits earned overseas are often less expensive than reducing emissions at home.
That means that all of the 5 per cent emissions reduction target that the Rudd Government has proposed as a minimum through the CPRS could be met simply by purchasing carbon credits overseas through the CDM, rather than reducing any emissions here at all.
To meet the 5 % reduction target, another 100 million tonnes would have to be covered by buying emissions credits from developing countries and overseas permits, likely from the European Union.