Sentences with phrase «emissions permitting system»

What will be the impact on Australia if we introduce a an emissions permit system ahead of our trading partners and the worlds major sources of greenhouse gasses?

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.

One recommendation by the alliance takes aim at Ontario government energy policy that could also double as climate policy, as the province has curtailed greenhouse gas emissions coming from the electricity sector by closing coal - fired power plants, invested in costly solar and wind energy projects, and instituted a cap - and - trade system that requires businesses to buy permits to cover their carbon emissions.

The system will work better if markets link up to trade internationally — greater competition for permits should add to the incentive to cut emissions.

In most systems, the cap gets lower over time, giving businesses a choice: slash emissions further or buy permits on the market from another company.

British Columbia and Alberta have already introduced modest carbon taxes; Ontario and Quebec have embryonic cap - and - trade systems that allow polluters to buy and sell a limited number of emissions permits.

Moreover, if the cap - and - trade system is bringing in revenue, that means by definition that there has to be a significant initial auctioning off of the emissions permits.

McCain has cosponsored a bill, so far rejected by his colleagues, that would set up a national system of tradable emissions permits for greenhouse gases and would require U.S. emissions in 2010 to be no more than in 2000 — not quite Kyoto, which sets the levels 7 percent below 1990 — but a start.

The team concludes in the paper that the «high frequency and precision ground - based remote sensing results provide the performance metric and sampling strategy for satellite - based measurements, permitting a global emission monitoring system.»

At a summer 2006 hearing of the U.S. Senate to discuss the design of a potential emissions trading system, several American utilities urged that auctions, if used at all, should be limited to just five to 15 percent of total permits.

The party opposes «any and all cap and trade legislation» that would create a system of tradable pollution permits designed to reduce industrial emissions of warming gases such as carbon dioxide.

The system uses a high - output, fast - charging, compact lithium - ion battery linked to high - level motor control technology to provide acceleration assist when needed and permits downsizing of the gasoline engine for optimum economy and emissions.

Mr. Barnes says the only approach that guarantees deep cuts in carbon dioxide emissions is to sell a steadily declining number of permits to emit the gas — forcing polluters to pay the full cost of using the shared atmosphere — and returning the revenue to citizens in a streamlined way, as in the Social Security system.

As for caps on carbon dioxide, both Senator Barack Obama and Senator John McCain support having a cap on emissions and a trading system for permits to pollute under the descending ceiling.

The bill would set up a cap - and - trade system to achieve the emissions targets, allowing industry and other entities to buy and sell permits within an overall emissions ceiling.

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.

The use of cap - and - trade systems with marketable permits has been effective at the national level, ranging from restricting the catch in an Australian fishery to reducing sulfur emissions in the United States.

In the 1980s, tradable - permit systems were used to accomplish the phasedown of lead in gasoline -(at a savings of about $ 250 million per year), and to facilitate the phaseout of ozone - depleting chloroflourocarbons (CFCs); and in the 1990's, tradable permits were used to implement stricter air pollution controls in the Los Angeles metropolitan region, and — most important of all — a cap - and - trade system was adopted to reduce sulfur dioxide (SO2) emissions and consequent acid rain by 50 percent under the Clean Air Act amendments of 1990 (saving about $ 1 billion per year in abatement costs).

To expand emissions permit trading opportunities among companies, Ontario plans to link its system to those that already exist in Quebec and California.

The proposed cap and trade system for carbon emission permits bears many of the same hallmarks as fiat currencies, and the same groups stand to benefit.

Ellerman, A.D., 2002: Designing a tradeable permit system to control SO2 emissions in China: Principles and practice.

Enron had banked on trading permits for carbon dioxide emissions, which would have been based upon the existing permit system for sulfur dioxide emissions from coal - burning electric power plants.

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.

Among the ISO's new report, it concluded that power system reliability is «heavily dependent on LNG and electricity imports,» and «more dual - fuel capability is also a key reliability factor, but permitting for construction and emissions is difficult.»

The lawsuit is thorough in its demands: Plaintiffs want the government to stop permitting and subsidizing carbon energy; to phase out carbon emissions as soon as possible; to seek a drawdown in atmospheric carbon to 350 parts - per - million by the close of the century; and to enact a countrywide plan that will stabilize the climate system.

The EPA's previous experiments with emissions trading had faltered because they relied on a complicated system of permits and credits requiring frequent regulatory intervention.

This article examines whether a greenhouse gas emissions trading scheme has the potential to bring parties into conflict with the WTO provisions in dealing with the initial allocation of permits, non-compliance with emissions targets, emissions trading system enlargement, and trade measures against non-members of an emissions trading club, and relates the discussion to joint implementation with developing countries.

What has caught on instead is a variant that most economists consider more or less equivalent: a system of tradable emissions permits, a k a cap and trade.

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.

Starting in 2012, the agency implemented a statewide cap - and - trade system that imposed a ceiling on greenhouse - gas emissions across key sectors and then distributed a fixed number of tradable pollution permits to businesses.