Sentences with phrase «higher allowance auction»
In the case of the China, seven pilot CO2 cap - and - trade regimes at the local level are under development, while in the United States, California's ambitious AB - 32 cap - and - trade system continues to make progress, and in the northeast, the Regional Greenhouse Gas Initiative (RGGI) is witnessing higher allowance auction prices due to the more severe targets the RGGI states recently adopted.
http://www.robertstavinsblog.org/ Not exact matches
-- When the Administrator acts under this subsection as the agent of an entity in possession of international offset credits, the Administrator is not obligated to obtain the highest price possible for the international offset credits, and instead shall auction such international offset credits in the same manner and pursuant to the same rules (except as modified in paragraph (1)-RRB- as set forth for auctioning strategic reserve allowances.
It is still the case that 10 % of the rights to auction allowances will be redistributed from Member States with high per capita income to those with low per capita income in order to strengthen the financial capacity of the latter to invest in climate friendly technologies.
Had these allowances sold at the minimum auction price, they would have brought in more than $ 990 million in total revenue — $ 550 million of which was due to be delivered to the Greenhouse Gas Reduction Fund to support high - speed rail and other state projects.