Sentences with phrase «emissions permit prices»

The Point Carbon study, released in June, said countries like the United Kingdom, Spain and Italy — faced with a $ 5 - per - ton rise in emissions permit prices — would switch from coal to gas.

Stabilizing the emission permit price at a predetermined level by varying the cap transforms the cap system into a tax system, albeit with a cumbersome administrative set - up.

Not exact matches

The logic behind carbon pricing — most likely either a tax on fossil fuels or a cap - and - trade system that allows companies to sell emission permits back and forth — is powerful.

It has long worried that the price of ETS permits is too low to stimulate investment in deep emission cuts.

California's carbon market forces firms to bid at auction for emissions permits, which have a not insignificant minimum price.

Mexico may also require a minimum price for carbon emission permits, as California does, so companies can better predict their future financial positions.

If emission cuts prove costly, demand for permits will rise and so will their prices.

Carbonkiller is an initiative by the Dutch environmental organisation WISE that allows anyone to buy and destroy emission permits from the massively oversupplied European carbon market with the aim to raise the price and to increase public engagement in one of Europe's key climate tools.

But Borenstein noted that policymakers are considering a far lower price — $ 20 per ton of greenhouse gases — as the maximum that industry could be charged in proposed tradable emissions permit programs.

The expected permit price would, at any point in time, always equal the carbon tax associated with, on average, an equivalent level of emissions.

Economists often talk as though putting a price on carbon emissions through tradable permits or a carbon tax will be enough to deliver the needed reductions in those emissions.

A «hard collar» on the price of emission permits of no less than $ 10 per ton of carbon emitted and no more than $ 30 per ton.

The problem is that benchmark carbon prices have collapsed because of an oversupply of permits (perversely, because emissions have fallen faster than projected).

The latest draft of the Senate legislation includes a system somewhat different from the House bill's to ensure that the price of emissions permits does not rise or fall too quickly.

• Lifting the targets to 25 - 40 % by 2020 based on the latest scientific evidence • • Abolishing the free permits granted to the biggest polluters • • Ensuring that individual action results in lower emissions, not lower carbon prices • Unless these major flaws in the CPRS can be fixed the government should introduce a carbon tax as a matter of urgency.

If the overall cap for any year is set below the level of emissions last year, on a downward trajectory compatible with stabilizing concentrations at a safe level, reserving some credits for new entrants would force other firms to bid for fewer permits, raising prices and increasing the number of mitigation activities that are worth undertaking.

We have launched the Unconventional Gas Technical Engagement Program to share best practices on issues such as water management, methane emissions, air quality, permitting, contracting, and pricing to help increase global gas supplies and facilitate development of the associated infrastructure that brings them to market.

The results have been very positive: 100 percent of permits were sold in their most recent auction, at higher prices than expected, and evidence suggests that the ambitious emission reductions have been compatible with economic growth and have ensuring affordable access to energy.

EU industry has so far largely been protected from overseas competitors not subject to carbon pricing as it has received free emissions permits.

A government agency would auction or allocate carbon emission permits to businesses, who would include it in their price to you.

I watched Penny Wong on the 7:30 report defending the government's emissions trading scheme against the criticism, made here and elsewhere, that initiatives such as the government's home insulation scheme will have no effect except to reduce the price of permits and therefore the costs faced by large emitters.

That's because the growing country will demand more emissions permits, pushing up the global price.

A CAT country could, if it wished, introduce procedures whereby additional emission permits could be issued if the trading price of permits exceeded the agreed carbon charge by a significant amount for a significant period of time.

With resurgent debate over the relative merits of carbon taxes and emissions trading, attention has turned again to Europe where the market price of emissions permits has fallen sharply as a result of the financial crisis and recession.

Current and envisaged carbon dioxide permit prices of less than 50 Euros per tonne will have little impact on the demand for flights - and hence will barely affect the rapid growth in aviation emissions.

This will include: • Keeping the non-conditional target of 5 % but reducing target range, conditional on global agreement to 20 - 29 % • a phase - out of the free permits for industry by 2012 allowing a gradual growth of jobs in greener industries and a natural transition for employees without job losses; • allowing the market to set the price for carbon permits rather than setting a price ceiling; • allowing industry to gain credit for investing in activities that reduce carbon emissions outside their business interests and operations.

Springer, U. and M. Varilek, 2004: Estimating the price of tradable permits for greenhouse gas emissions in 2008 - 12.

Carbon price - What has to be paid (to some public authority as a tax rate, or on some emission permit exchange) for the emission of 1 metric ton (~ 2,205 pounds) of CO2 into the atmosphere.

This will act to maintain the prices at a high enough level to encourage green improvements and will eventually remove all of the permits from circulation when emissions are reduced to zero.

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.

In the context of permit pricing / emissions cuts, Weitzman argues that risk related to irreversible outcomes and cataclysmic effects is unsuited to traditional economic cost - benefit analysis.

But the central element must be to ensure that there is a price attached to carbon emissions, whether through taxes or through tradeable permits.

Market - based regulation - Regulatory approaches using price mechanisms (e.g., taxes and auctioned tradable permits), among other instruments, to reduce heat - trapping gas (greenhouse gas) emissions.

Several of the most coal - dependent utilities have endorsed the House bill, but the coal coalition has not — it wants caps on the price of emission permits, among other amendments.

This fixed price period behaves like a carbon tax, but already uses the permit system needed for emissions trading.

During the run - up to the Dec. 2009 Copenhagen COP - 15 session, Krugman attacked climatologist and cap - and - trade opponent James Hansen for allegedly failing to grasp that a robust permit - based emissions - control system would lead to the rising carbon price Hansen advocated.

If you seriously believe in markets, you should believe that given the right incentives — namely, putting a price on emissions, through either a tax or a tradable permit scheme — the economy will find lots of ways to emit less.