Sentences with phrase «emissions allowance trading»

Harrison, D. and D. Radov, 2002: Evaluation of alternative initial allocation mechanisms in a European Union greenhouse gas emissions allowance trading scheme.

Austria should also incorporate Kyoto flexible mechanisms into the climate strategy, particularly the EU emission allowance trading scheme.

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.

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.

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.

Xu said that higher trading activities are expected to emerge in coming weeks because regulated emitters are approaching their deadline of reporting annual emissions and therefore have stronger incentives to trade carbon allowances.

«We are considering expanding the existing pilot programs into surrounding areas and link up those regional carbon markets; if that fails, the central government will then design a nationwide emissions trading scheme and allocate allowances to each region,» said Xu, the government official involved in the national carbon market buildup.

In his campaign last fall, President Barack Obama called for a «cap and trade» plan that would auction off carbon dioxide (CO2) emissions allowances to big carbon polluters.

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.

While the headline figure of 40 % is already far below what is necessary both to tackle climate change and spur the green economy, it would actually amount to a mere 33 % reduction in reality, due to the failure to retire excess emissions allowances in the EU's emissions trading scheme.

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

Establishing industrial energy efficiency program funding at 0.25 % of emissions allowances until 2030; and the establishment of a Revolving Loan Fund with 1/3 of the Energy - Intensive, Trade - Exposed Industries (EITE) allocations.

Unlike existing cap - and - trade program designs, a «pre-pay» system has no need for setting rules about allocating emission allowances, banking / borrowing of allowances, and the use of offsets.

First Climate is your established and reliable trading partner for transactions in all major emission allowances and reduction certificates (EUA, CER, CHU, etc.).

Part 2 will explore how states can trade allowances representing tons of CO2 emissions.

First, the energy - intensive, trade - exposed industries will be allocated 15 percent of all carbon dioxide emission allowances in 2014, the committee agreed.

In the case of a cap - and - trade program, they might take the form of a requirement that importers obtain allowances for those emissions and that domestic manufacturers receive a rebate of the allowances required for their products that are exported.

In the course of this review, the idea of an emissions containment reserve (ECR) mechanism has been proposed to address a common issue confronting cap - and - trade programs worldwide: the prices for emissions allowances tend to be significantly lower than program designers anticipate in advance, making mid-course corrections necessary for it to perform as intended.

The trading mechanism is designed to allow reductions to be made the most cost - effectively — allowances would be sold to those willing to pay the most to not have to actually cut their emissions.

Within the cap, companies receive or buy emission allowances which they can trade with one another as needed.

That is to say that there will be one EU - wide cap on the number of emission allowances and this cap will decrease annually along a linear trend line, which will continue beyond the end of the third trading period (2013 - 2020).

As if fulfilling that prophesy, last Friday Governor Cuomo announced that New York State will «explore the possibility» of linking RGGI with California's cap - and - trade system, envisioning a «North American market» where emissions allowances are bought and sold across the United States as well as in Canada.

The first trading period successfully established the free trading of emission allowances across the EU, put in place the necessary infrastructure and developed a dynamic carbon market.

This sets in train a process that could potentially lead to a cap on the number of allowances dealt on the EU Emissions Trading System (EU ETS) aligned with the objective of keeping global warming «well below 2C».

The EU ETS is a «cap and trade» system, that is to say it caps the overall level of emissions allowed but, within that limit, allows participants in the system to buy and sell allowances as they require.

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..

Carbon Clampdown: Closing the gap to a Paris compliant EU - ETS, warns that, in order to put EU emissions on a path consistent with international climate targets, the price of traded carbon allowances, known as EUAs, would have to rise to levels that would make even the most efficient coal and lignite power plants unprofitable.

To comply, regulated entities trade emission allowances.

And President Barack Obama has called for a national cap - and - trade system that would set greenhouse - gas emission limits for many businesses and require those that exceeded them to buy allowances from others that haven't (see Chu's Wish List: Cap - and - Trade and Cheaper Sotrade system that would set greenhouse - gas emission limits for many businesses and require those that exceeded them to buy allowances from others that haven't (see Chu's Wish List: Cap - and - Trade and Cheaper SoTrade and Cheaper Solar).

Subtitle B: Disposition of Allowances -(Sec. 321) Amends the CAA to set forth provisions governing the disposition of emission allowances, including specifying allocations: (1) for supplemental emissions reductions from reduced deforestation; (2) for the benefit of electricity, natural gas, and / or home heating oil and propane consumers; (3) for auction, with proceeds for the benefit of low income consumers and worker investment; (4) to energy - intensive, trade - exposed industries; (5) for the deployment of carbon capture and sequestration technology; (6) to invest in energy efficiency and renewable energy; (7) to be distributed to Energy Innovation Hubs and advanced energy research; (8) to invest in the development and deployment of clean vehicles; (9) to domestic petroleum refineries and small business refiners; (10) for domestic and international adaptation; (11) for domestic wildlife and natural resource adaptation; and (12) for international clean technology dAllowances -(Sec. 321) Amends the CAA to set forth provisions governing the disposition of emission allowances, including specifying allocations: (1) for supplemental emissions reductions from reduced deforestation; (2) for the benefit of electricity, natural gas, and / or home heating oil and propane consumers; (3) for auction, with proceeds for the benefit of low income consumers and worker investment; (4) to energy - intensive, trade - exposed industries; (5) for the deployment of carbon capture and sequestration technology; (6) to invest in energy efficiency and renewable energy; (7) to be distributed to Energy Innovation Hubs and advanced energy research; (8) to invest in the development and deployment of clean vehicles; (9) to domestic petroleum refineries and small business refiners; (10) for domestic and international adaptation; (11) for domestic wildlife and natural resource adaptation; and (12) for international clean technology dallowances, including specifying allocations: (1) for supplemental emissions reductions from reduced deforestation; (2) for the benefit of electricity, natural gas, and / or home heating oil and propane consumers; (3) for auction, with proceeds for the benefit of low income consumers and worker investment; (4) to energy - intensive, trade - exposed industries; (5) for the deployment of carbon capture and sequestration technology; (6) to invest in energy efficiency and renewable energy; (7) to be distributed to Energy Innovation Hubs and advanced energy research; (8) to invest in the development and deployment of clean vehicles; (9) to domestic petroleum refineries and small business refiners; (10) for domestic and international adaptation; (11) for domestic wildlife and natural resource adaptation; and (12) for international clean technology deployment.

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.

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.

C40 Cities Climate Leadership Group, 12 California, 7, 68, 102, 128, 169 - 170, 187, 196, 232 - 234, 245 California Energy Commission, 232 Cambridge Media Environment Programme (CMEP), 167 - 168 Cambridge University, 102 Cameron, David, 11, 24, 218 Cameroon, 25 Campbell, Philip, 165 Canada, 22, 32, 64, 111, 115, 130, 134, 137, 156 - 157, 166, 169, 177, 211, 222, 224 - 226, 230, 236, 243 Canadian Meteorological and Oceanographic Society (CMOS), 15 Cap - and - trade, 20, 28, 40 - 41, 44, 170, 175 allowances (permits), 41 - 42, 176, 243 Capitalism, 34 - 35, 45 Capps, Lois, 135 Car (see vehicle) Carbon, 98, 130 Carbon Capture and Storage (CCS), 192 Carbon Capture and Storage Association, 164 Carbon credits (offsets), 28 - 29, 42 - 43, 45 Carbon Cycle, 80 - 82 Carbon dioxide (CO2), 9, 18, 23, 49 - 51, 53, 55, 66 - 67, 72 - 89, 91, 98 - 99, 110, 112, 115, 118, 128 - 132, 137, 139, 141 - 144, 152, 240 emissions, 12, 18 - 25, 28 - 30, 32 - 33, 36 - 38, 41 - 44, 47, 49, 53, 55, 71 - 72, 74, 77 - 78, 81 - 82, 108 - 109, 115, 132, 139, 169, 186, 199 - 201, 203 - 204, 209 - 211, 214, 217, 219, 224, 230 - 231, 238, 241, 243 - 244 Carbon Dioxide Analysis Center, 19 Carbon Expo, 42 Carbon, footprint, 3, 13, 29, 35, 41, 45, 110, 132 tax, 20, 44, 170 trading, 13, 20, 40, 43, 44, 176, 182 Carbon monoxide (CO), 120 Carbon Reduction Commitment (CRC), 44 Carlin, George, 17 Carter, Bob, 63 Carter, Jimmy, 186, 188 Cato Institute, 179 CBS, 141, 146 Center for Disease Control, 174 Center for the Study of Carbon Dioxide and Global Change, 62, 139 Centre for Policy Studies, 219 CERN (European Organization for Nuclear Research), 96 Chavez, Hugo, 34 Chicago Tribune, 146 China, 29, 32 - 33, 60 - 62, 120, 169, 176, 187 - 188, 211, 216, 225 - 226, 242 - 243 China's National Population and Planning Commission, 33 Chinese Academy of Sciences, 60 Chirac, Jacques, 36 Chlorofluorocarbons, 42 - 43, 50 Choi, Yong - Sang, 88 Christy, John, 105 Churchill, Winston, 214, 220 Chu, Steven, 187 Citibank (Citigroup), 40, 176 Clean Air Act, 85, 128 - 129 Clean Development Mechanism, 42 Climate Action Partnership, 14 Climate alarm, 4, 13, 21, 32, 35, 38, 56, 102 - 103, 115 - 117, 120, 137, 156, 168, 173, 182 Climate Audit, 66 Climate change, adaptation, 39, 110, 112 mitigation, 16, 39, 110 Climate Change and the Failure of Democracy, 34 Climate Change: Picturing the Science, 121 Climate Change Reconsidered, 242 Climate conference, 38 Cancun, 18, 29, 36 - 37, 124 - 125, 242 Copenhagen, 33, 36, 109, 125, 156, 158, 175, 241 - 242 Durban, 13, 36 - 37, 166, 242 - 243 Climategate, 2, 67, 152, 158 - 170, 180, 182, 242 Climate Protection Agreement, 12 Climate Research Unit (CRU), 48, 67, 120, 147, 152 - 153, 158 - 160, 162 - 163, 165 - 167, 169 Climate Science Register, 142 Climatism, definition, 2, 7 Clinton, Bill, 176, 178 Clinton Global Initiative, 176 CLOUD project, 96 Club of Rome, 21, 186 CO2Science, 59, 61 - 62, 66, 131 Coal, 19 - 20, 39 - 41, 80, 126, 128 - 129, 175, 185 - 186, 188 - 190, 192 - 196, 199 - 201, 209, 214, 217, 219, 222, 229 Coase, Ronald, 145 Coca - Cola, 138 Cogley, Graham, 156 Cohen, David, 220 Colorado State University, 117, 181 Columbia University, 7 Columbus, Christopher, 58 Computer models, 16, 51 - 53, 56, 67, 72, 74,77 - 79, 82, 87, 89 - 91, 94, 105, 110 - 111, 120, 124, 138 - 140, 168, 171,173, 181, 238, 240, 246 Conference on the Changing Atmosphere, 15 Consensus, scientific, 12 Copenhagen Business School, 134 Coral, 53 Corporate Average Fuel Economy, 22 - 23 Cosmic Rays, 72, 93 - 99, 180 Credit Suisse, 176 Crow, Cheryl, 30 Crowley, Tom, 167 Cuadrilla Resources, 224 - 225 Curry, Judith, 164, 167 Cycles, natural, 3, 16, 57, 62 - 63, 66 - 69, 72, 80, 99, 103, 138, 238, 240 Milankovich, 62, 67, 80 Cyprus, 134 Czech Republic, 12, 37

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.

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.

A few Democrats, particularly those representing poorer industrial areas, were deeply suspicious of cap - and - trade policies to rein in greenhouse gas emissions, arguing that their constituents would be hurt when a local polluter simply paid for pollution allowances rather than cutting back on the pollution itself.

Since 2005, the trade bloc has operated the world's only continentwide system that puts a cap on greenhouse gas emissions and that requires major polluters to hold tradable allowances.

Limits the trading of allowances with facilities other than electricity generating facilities to certain carbon dioxide emission control programs.

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.

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.

-- For each strategic reserve auction held in 2015 and each year thereafter, the minimum strategic reserve auction price shall be 60 percent 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, calculated using constant dollars.

NRDC offsets all carbon emissions annually by purchasing carbon allowances through the California Cap - and - Trade Program and by directly supporting the creation of renewable energy projects.

A large portion of emissions allowances in the EU trading system are still given away for free, and they would not be affected.

Cong, Rong - Gang and Wei, Yi - Ming (2010): Potential impact of (CET) carbon emissions trading on China's power sector: A perspective from different allowance allocation options.

(a) Emissions Trading (ET)- A mechanism that allows a nation with a Kyoto target to buy d allowances from a country with a Kyoto target that does need all of its allowances.

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.