The approach is based on what can clearly be accomplished, rather than relying on indirect strategies for cutting emissions or boosting energy efficiency, including trading
systems for emissions credits.
ALBANY — The Cuomo administration's plan to save nuclear power plants will force utilities to
pay for emissions credits that cover their losses in the face of cheap natural gas.
«On the phone a lot» to save Kyoto The exchange took place nearly three years after U.S. negotiators helped to broker the Kyoto Protocol, an international agreement that allowed wealthy countries to
trade for emissions credits to cover some of their reduction responsibilities.
The protocol is extremely important to dozens of developing countries that have received substantial
sums for emissions credits earned under the agreement's Clean Development Mechanism.
It was that same forecasting that prompted economists at the Toronto Dominion Bank this week to call for a system of carbon taxes, tax breaks, emission controls and a trading system
for emissions credits in order to put a price tag on pollution.
Although, according to Terry Barker of the University of Cambridge, it could also lead to a collapse of the European emissions trading scheme as declining demand for electricity leads to a plummeting
price for emissions credits.
The Cuomo administration's plan to save nuclear power plants will force utilities to
pay for emissions credits that cover their losses in the face of cheap natural gas.
Cap - and - trade schemes create a market
for emission credits that allow -LSB-...]
Federal spending would include $ 693 billion
for emission credits that would be given away to factories and other polluters free.