It also sets a price floor
for emissions allocations and has exceedingly strong language on transportation.
Not exact matches
It is by this lack of specific demands on govt that CoP21 in Paris is on track to discuss merely short - term voluntary «pledges», with the US refusing to discuss the requisite framework
for the equitable and efficient
allocation of tradable national
emission rights under a declining global carbon budget.
Another section of the law that allowed
for a wider
allocation of government funds to ensure the reduction target be met was vetoed — removing the possibility of contingencies being used to reduce the gas
emissions.
That's why, the ministry says, the federal government agreed with the 2011 Energy Package to introduce compensatory arrangements
for businesses competing at a global level, including measures to offset increases in the price of power stemming from the EU's carbon
emissions trade, and a cap on their renewables
allocation charge.
Furthermore, companies that fail to surrender enough allowances to match their
emissions will be deducted twice the amount of allowances from next year's
allocation and are fined one to three times the average market price
for every allowance, with a maximum limit of CNY 150,000 (USD 22,195).
Two countries with the same Responsibility and Capacity Index (or RCI) and thus the same mitigation obligation would have different
emission allocations in a given year — say 2020 — if they had different BAU
emissions projections
for that year.
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 deployment.
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.
Sets forth an
allocation scheme
for emission allowances.
EU Environment Commissioner Stavros Dimas has criticised the most recent National
Allocation Plans proposed by member states
for distribution of carbon permits, as they allocate even higher
emissions quotas than actual
emissions in the first phase of the scheme.
c) the problem to identify and design adequate policy frameworks
for supportingmitigation and adaptation in agriculture, i.e. such that do not put systemic approaches at a disadvantage due to difficulties in the quantification of
emissions, and in their
allocation to single products;
Allocations for carbon dioxide
emissions must be drastically reduced so that businesses have genuine incentives to cut
emissions and invest in green CO2 - reducing technology,» Ms Bollendorff said.
In summary, a strong case can be made that the US
emissions reduction commitment
for 2025 of 26 % to 28 % clearly fails to pass minimum ethical scrutiny when one considers: (a) the 2007 IPCC report on which the US likely relied upon to establish a 80 % reduction target by 2050 also called
for 25 % to 40 % reduction by developed countries by 2020, and (b) although reasonable people may disagree with what «equity» means under the UNFCCC, the US commitments can't be reconciled with any reasonable interpretation of what «equity» requires, (c) the United States has expressly acknowledged that its commitments are based upon what can be achieved under existing US law not on what is required of it as a mater of justice, (d) it is clear that more ambitious US commitments have been blocked by arguments that alleged unacceptable costs to the US economy, arguments which have ignored US responsibilities to those most vulnerable to climate change, and (e) it is virtually certain that the US commitments can not be construed to be a fair
allocation of the remaining carbon budget that is available
for the entire world to limit warming to 2 °C.
This is
for a variety of reasons, not limited to; a banked excess, borrowing from forward
allocations, reduced
emissions, leakage list inclusion, CER switching or simply because carbon prices are very low, by historical measures.
Although there are different theories of distributive justice that lead to different national
allocations, many justifications
for national ghg
emissions allocations fail to satisfy any ethical scrutiny.
The acute need
for this funding reinforces the relevance of an auction - based
allocation design in the pending
emissions regulation legislation now before Congress.
In determining any nation's fair share of safe global
emissions, the nation must either assume that all humans have an equal right to use the atmosphere as a sink
for greenhouse gases, or identify another
allocation formula based upon morally relevant criteria.
If climate change
allocations are considered to be in fulfillment of human rights duties, then arguments based upon economic self - interest in setting ghg
emissions targets are not an acceptable justification
for avoiding human rights obligations.
An effective treaty can not be based on the
allocation of valuable
emission rights since there will be no generally agreed principle
for allocation.
In addition, given that responsibility
for past
emissions is arguably a factor that should be considered in determining fair
allocations and given that people in most developed countries have historically emitted much higher levels than people in developing countries, it is quite clear that the vast majority of regional and local governments, organizations, and businesses can not reasonably argue that they are not exceeding their fair share of safe global
emissions.
Betz, R., W. Eichhammer, and J. Schleich, 2004: Designing national
allocation plans
for EU
emissions trading - A first analysis of the outcomes.
Gupta, S. and P.M. Bhandari, 1999: An effective
allocation criterion
for CO2
emissions.
Importantly, while output - based
allocations can essentially eliminate the leakage that is associated with the reduced international competitiveness of domestic industry, if carefully designed, these
allocations can do so while preserving incentives
for industry to reduce the
emission - intensity of its production.
- Determination of which industries will likely be eligible for the energy - intensive, trade - exposed (EITE) industry allocations provided in the American Clean Energy and Security Act of 2009 (HR 2454);
- Assessment of the potential impacts of this legislation on EITE industries;
- Identification of additional data that would be useful for determining trade impacts, allocation requirements, and greenhouse gas emission in other countries; and
- The other measures within ACES that could help to mitigate the effects of a cap - and - trade system on EITE industries.
Persson, T.A., C. Azar, and K. Lindgren, 2006:
Allocation of CO2
emission permits - economic incentives
for emission reductions in developing countries.
The table below shows the possible impact on absolute
emissions for each method /
allocation mechanism.
The EU Commission also proposes a revision of the procedure
for free
allocation of
emission rights to the companies in question.
Today the state's Economic and
Allocation Advisory Committee, which is comprised of economists and environmental experts, made a series of recommendations for the program, including that it auction 100 percent of its emissions allocation a
Allocation Advisory Committee, which is comprised of economists and environmental experts, made a series of recommendations
for the program, including that it auction 100 percent of its
emissions allocation a
allocation allowances.