Sentences with phrase «emissions trading system beginning»

California will have the world's first economy - wide emissions trading system beginning next year, as it extends that program to include transportation fuels.

Not exact matches

«It is our view that the first step for Chinese ETS is to get the system right from the beginning — the trading platform; the monitoring, reporting and verification system; [emissions] inventories; getting companies informed and cooperative — and gradually shift toward more stringent caps,» says Li Shuo, a climate and energy campaigner for Greenpeace East Asia.

2015 saw Asia emerge as the new hotspot for emissions trading, with nine new systems launched in the past three years, including of the Republic of Korea at the beginning of the year.

The subcommittee's market improvement working group has begun to consider the introduction of a «capacity market» system, which improves the accessibility and adjustment ability for the base load electricity in the wholesale electricity market, and also a «non-fossil value trading market» system, which aims to cut carbon dioxide emissions.

Seven Provinces and Municipalities (Beijing, Chongqing, Guangdong, Hubei, Shanghai, Shenzhen and Tianjin) are developing pilot emissions trading systems, due to begin in 2013, the experiences of which will inform the design of a national scheme before 2020.

In 1998, BP established an internal cap - and - trade system reducing internal emissions by ten percent over the next 4 years, and began to invest in solar energy, forming BP Solar in 1999.