Sentences with phrase «gives emission permits»

It gives emission permits away, and tells utilities to rebate the windfall to consumers, so their electricity bills do not go up.

Not exact matches

Ensure that the tradable emission permits under Governor Pataki's proposed regional carbon cap are auctioned rather than given away with the proceeds used to mitigate negative distributional effects on low and moderate income households and to serve other economically and socially important purposes.

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.

That would give us surplus emission permits to sell to countries like Japan and the UK which will struggle to meet their targets domestically.

WASHINGTON (Reuters)- Most of the pollution emission permits that industry would need under a climate change bill being negotiated in the U.S. House of Representatives will initially be given to companies, instead of sold to them, Representative Mike Doyle said on Wednesday.

The Union of Concerned Scientists estimates that California will give away $ 2 billion worth of free emissions permits by 2020.

Ignoring for the moment the demand response, the revenue associated with permits sold at $ 50 / ton in Australia would be about $ 25 billion (given current emissions around 500 million tonnes).

First a government establishes an emission limitation for total emissions from the government's jurisdiction and then permits or allowances are either given away or auctioned off and in this way create a society - wide «cap.»

The idea is to provide an economic incentive to reduce the emissions of, say, a given power plant, because then the holder of the permits can sell some of them to improve the bottom line.

All emissions permits to be sold to airlines at auction rather than given out for free; A multiplier of at least two, to be used to compensate for the additional impacts of emissions from aircraft at altitude;

He wants to give out many emission permits free to energy - intensive industries and to the local distribution companies (LDCs) that funnel electricity to users, rather than auctioning the permits off, and he wants permit giveaways to the industrial sector to continue throughout the whole length of the cap - and - trade program, rather than be phased out.

If you seriously believe in markets, you should believe that given the right incentives — namely, putting a price on emissions, through either a tax or a tradable permit scheme — the economy will find lots of ways to emit less.