For the largest investor - and state - owned producers allowable extraction varies dependent on the approach to calculate burnable
fossil fuel allowance.
Not exact matches
Whether it's physical shipments of the
fossil fuel or the buying and selling of the permits for the pollution that burning it causes — Evolution's first trade was a sulfur dioxide
allowance between Enron and Dynegy in February of 2000 — the brokerage makes its living on coal.
-- For a covered entity described in section 700 (13)(C), 1 emission
allowance for each ton of carbon dioxide equivalent of
fossil fuel - based carbon dioxide, nitrous oxide, or any other fluorinated gas that is a greenhouse gas (except for nitrogen trifluoride), or any combination thereof, produced or imported by such covered entity during the previous calendar year for sale or distribution in interstate commerce.
Combined with fair subsidies to renewables equal to the trillions of dollars in depletion
allowances to the
fossil fuel industries, or their fair elimination, the playing field becomes level.
Operators of
fossil fuel plants with at least 25 megawatts in capacity hold «carbon
allowances» for every ton of CO2 emissions their plants give off.
The
allowance giveaways in the climate bill reflect the power of the
fossil fuel lobby.
The cost / benefit analysis of actions taken to limit CO2 levels depends on the discount rate used and
allowances made, if any, for the positive future positive economic effects of CO2 production on agriculture and of
fossil fuel based energy production.
This could be done with a simple upstream cap - and - trade system in which all of the needed
allowances are sold (auctioned)-- not given freely — to
fossil -
fuel producers and importers, and a very large share — say 75 % — of the revenue is rebated directly to American households through monthly checks in a progressive scheme through which all individuals receive identical payments.
Keep it simple and impose the tax or the tradable
allowance system at the level of
fossil fuel extraction and import.
Whether carbon is taxed or subject to a cap - and - trade regime, the best place to impose the tax or
allowance system is at the point of
fossil fuel extraction and import.
Generators would be required to use the
allowances to purchase
fossil fuels.
«This environmental injustice derives from federal
allowance of extreme extraction projects which divert the U.S. from our climate change goals, disrupting a remotely pristine ecosystem and culture, all while continuing our dependence of
fossil fuels.
* Give all delivered megawatt - hours an equal
allowance of incremental
fossil fuel, regardless of age of plant, technology or ownership.
This is especially true of the
fossil fuel industry, whose subsidies include such things as a depletion
allowance for oil pumping in the United States.