Not exact matches
However, its automotive gross margin, which doesn't
include the sale of zero -
emission vehicle
credits, dropped to 13.8 % from 22.2 % in the same period last year.
Some of them,
including Italy and Spain, will only be able to do so by buying
credits to offset their own
emissions, for example by investing in projects that reduce carbon
emissions in developing countries.
If the effects of the European
emissions trading scheme (ETS)- which gives industries pollution
credits to use or sell - are
included, this reduction would be 23.6 per cent.
The report accepts minister's efforts to
include aviation in the EU
emissions trading scheme, where firms would be given a certain allocation of carbon
credits to buy and sell on the open market, but warns this is still «years away».
Gov. Andrew Cuomo directed that the new standard
include «zero
emission credits» for Upstate nuclear plants to provide them with above - market compensation for producing power without carbon
emissions.
McCain's platform revolves chiefly around monetary challenges for companies and consumers —
including a $ 5,000 tax
credit for consumers who buy zero -
emission cars (encouraging automakers to create such vehicles) and a $ 300 - million X PRIZE — like competition to develop a battery for plug - in hybrids and fully electric cars.
Besides trading carbon allowances among each other, companies
included in Shenzhen and other Chinese carbon markets are also able to use offset
credits generated by carbon - cutting projects to cover 5 to 10 percent of their
emissions as a way of lowering
emissions reduction costs.
Such justification would then most likely center on whether, under the introductory phrase of GATT Article XX, a US carbon duty,
emission credit requirement or other regulation on imports is applied on a variable scale that takes account of local conditions in foreign countries,
including their own efforts to fight global warming and the level of economic development in developing countries.
Today's workshop on «Benefits Sharing and Safeguards» for policies to Reduce
Emissions from Deforestation and Forest Degradation (REDD +) also
included newly released recommendations for how California can bring REDD + offset
credits into its statewide cap - and - trade system with environmental integrity and social equity.
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.
He listed areas where deals might be reached,
including: finding ways for wealthy countries to get
emissions credits by paying for the protection of forests in poorer nations; the Clean Development Mechanism, a system for encouraging other kinds of investments that cut poor - country
emissions; and systems for sharing technology.
With other approaches to an energy and climate bill blocked —
including carbon taxes or a broader cap - and - trade mechanism for controlling
emissions — the only viable alternative appears to be to limit a cap to utilities, the one sector that's already familiar with smokestack rules and markets in
emissions credits.
In a passage that will likely hearten those seeing the climate change fight as a fight over capitalism, leaked version
includes the pope's rejection of markets in carbon
credits as a solution, warning (this is The Guardian translation) that this «could give rise to a new form of speculation and would not help to reduce the overall
emission of polluting gases.»
Even so, the decision about whether to
include REDD
credits in a cap - and - trade program can not be separated from the negotiations about future
emissions targets.
These tools
include so - called «inside the fenceline» measures — a range of technologies and fuel choices to reduce the
emissions of the plant itself — and the ability to use
credits reflecting the
emission reductions that result from ramping up generation at cleaner plants.
It demonstrates that its intended
emissions reductions are achievable through domestic measures and says explicitly that its use of carbon
credits is «not
included as a basis of the bottom - up calculation of Japan's
emission reduction target».
Each spreadsheet lists the model estimates of capacity additions (what electric generating capacity the model and what the states tell the model to
include because of regulations); generation (how much the existing and projected units will produce); prices (
including firm power prices, energy prices, capacity prices, allowance prices, natural gas prices, and renewable energy
credit prices); total CO2
emissions; fuel consumption for different fuel types; and transmission flows into and out of the RGGI power grids.
The annualised average growth rate in global CO2
emissions over the last three years of the
credit crunch,
including a 1 % increase in 2008 when the first impacts became visible, is 1.7 %, almost equal to the long - term annual average of 1.9 % for the preceding two decades back to 1990.
It
includes, in addition to internal reductions, a commitment to financing external
emission reductions either through buying voluntary market carbon
credits or by funding activities directly.
Authorizes the EPA Administrator to issue international offset
credits based on activities that reduce or avoid GHG
emissions, or increase sequestration of GHGs, in a developing country if: (1) the United States is a party to a bilateral or multilateral agreement that
includes the nation hosting the offset project; and (2) the host nation is a developing country.
Requires the EPA Administrator to promulgate regulations establishing a program for the issuance of offset
credits that: (1) ensure that such offset
credits represent verifiable and additional GHG
emission reductions or avoidance, or increases in sequestration; (2) ensure that offset
credits issued for sequestration offset projects are only issued for GHG reductions that are permanent; and (3)
include as reductions in GHGs reductions achieved through the destruction of methane and chlorofluorocarbons (CFCs) or other ozone depleting substances.
Including payback for forest
credits, New Zealand's
emissions for the third period are officially projected to be 55 per cent above even the current target level — an overshoot of 350 million tonnes of carbon dioxide equivalent.
-- In establishing standards applicable to
emissions of greenhouse gases pursuant to this section and sections 202 (a), 213 (a)(4) and (5), and 231 (a), the Administrator may establish provisions for averaging, banking, and trading of greenhouse gas
emissions credits within or across classes or categories of motor vehicles and motor vehicle engines, nonroad vehicles and engines (
including marine vessels), and aircraft and aircraft engines, to the extent the Administrator determines appropriate and considering the factors appropriate in setting standards under those sections.
• Flexible approaches to motivate achieving CO2
emission limits that may vary by economic sector, and could
include, depending on the sector, market - based incentives; governmental loan guarantees; investment tax
credits; performance standards; tax reform; incentives for technology research, development and deployment; and other appropriate policy tools.
NSW has led the world in innovative market - based environmental solutions,
including the instalment of one of the world's first
emissions trading schemes, and a new system of biodiversity
credits.
Fyneface Dumnamene Fyneface joined representatives of environmental justice and environmental organizations Thursday at a rally during the midday break from an Air Board hearing to protest expanding the state's cap - and - trade plan to
include offset
credits generated under the United Nations» Reduced
Emissions from Deforestation and Forest Degradation — REDD — program.
«It emerged at the international level, through the combination of, among others: (1) the conservationist interests of big environmental NGOs in the North, (2) the interests of national and sub-national governments in the North seeking low - cost alternatives to supposedly «offset» their continued and excessive
emissions of pollutants and greenhouse gases, (3) the interests of national and sub-national governments in the South seeking to obtain financial resources for the «protection» of forests in their countries, (4) the interests of corporations that could profit from market - tradable «offset»
credits,
including through speculation on secondary (derivatives) markets, which would allow them to continue destroying the forests for the extraction of timber, minerals or oil, the establishment of monoculture plantations, etc., thus expanding their business opportunities, and (5) the interests of consultants and other actors involved in financial capital markets who want to turn «unexploited» forests into a new market for this type of capital, through the commercialization of «environmental services» such as carbon sequestration, among others.»
Alan, more to the point NSW has led the world in innovative market - based environmental solutions,
including the instalment of one of the world's first
emissions trading schemes, and a new system of biodiversity
credits.
Buyers of the
credits include power plants that need to offset
emissions that exceed European limits, countries buying offsets to comply with the Kyoto Protocol — an international environmental treaty — and some environmentally conscious companies that voluntarily offset their carbon footprint.
For the avoidance of doubt, Gross Revenues shall (A) exclude monies received from any source other than the sale of electric energy and capacity,
including, without limitation, any of the following: (i) any federal, state, county or local tax benefits, grants or
credits or allowances related to, derived from, or granted to the Wind Energy Project or Grantee,
including, but not limited to, investment or production tax
credits, or property or sales tax exemptions, (ii) proceeds from financing activities, sales, assignments, partial assignments, contracts (other than the power purchase agreement) or other dispositions of or related to the Wind Energy Project (such as damages for breach of contract or liquidated damages for delays in project completion or failures in equipment performance), (iii) amounts received as reimbursements or compensation for wheeling costs or other electricity transmission or delivery costs, and (iv) any proceeds received by Grantee as a result of damage or casualty to the Wind Energy Project, or any portion thereof and (B)
include any revenues derived from Grantee's sale of carbon dioxide trading
credits, renewable energy
credits or certificates,
emissions reduction
credits,
emissions allowances, green tags, tradable renewable
credits, or Green - e ® products, any of which are allocated to Grantee, if applicable, through its participation in any voluntary registry, association or market - based exchange.
As long as rules are not clear — e.g. regarding eligible activities, fungibility of
credits, import restrictions into important markets such as the EU ETS — the risks for most investors simply are too high,» he said, noting that prior attempts to
include forestry in
emissions reductions schemes have left participants disappointed.
While the Indians aggressively pushed for REDD + + in negotiations and the Americans argued for an even broader approach to land use - based
emissions including the recognition of carbon absorbed by all land use change, African negotiators took a softer approach — pushing for REDD, but willing to take a rain check on AFOLU, even as the Common Market for Eastern and Southern Africa (COMESA) was promoting its «BioCarbon» initiative, which explicitly endorses
credits from sustainable agriculture and forestry.
This will
include: • Keeping the non-conditional target of 5 % but reducing target range, conditional on global agreement to 20 - 29 % • a phase - out of the free permits for industry by 2012 allowing a gradual growth of jobs in greener industries and a natural transition for employees without job losses; • allowing the market to set the price for carbon permits rather than setting a price ceiling; • allowing industry to gain
credit for investing in activities that reduce carbon
emissions outside their business interests and operations.
Efforts at reducing greenhouse gases from the global aviation industry might mean that airlines buy offsets,
including forestry
credits, to offset
emissions from 2020.
The scientists highlighted Brazil's proposal to
include prevention of deforestation in the market for CERs (Certified
Emissions Reduction
credits).
We thus applaud the proposal by the New York State's Department of Public Service (NYSDPS) for a Clean Energy Standard (CES) that
includes a Zero -
Emissions Credit (ZEC) for nuclear power plants.
Yates said it could
include those wind farms that came on line and qualified for the zero
emissions tax
credit as of July 1, 2017.
Even in a best - case scenario — where aviation companies choose to buy only UNFCCC
credits, and the UNFCCC chooses not to
include forest and land use
credits — there's still another way that airlines could be offsetting
emissions on paper and increasing
emissions in practice: double counting.
To help some countries achieve this, concessions
including carbon
credits and
emissions allowances were made.
In principle, the baseline for a
crediting program should represent the GHG
emissions that would occur over a specified period of time in the program's absence, taking into account a range of factors —
including domestic policies — that might influence those
emissions.
Given that, if one wants freedom of choice and an efficient market, shouldn't one accept a market solution (tax /
credit or analogous system based on public costs, applied strategically to minimize paperwork (don't tax residential utility bills — apply upstream instead), applied approximately fairly to both be fair and encourage an efficient market response (don't ignore any significant category, put all sources of the same
emission on equal footing; if cap / trade, allow some exchange between CO2 and CH4, etc, based CO2 (eq);
include ocean acidification, etc.), allowing some approximation to that standard so as to not get very high costs in dealing with small details and also to address the biggest, most - well understood effects and sources first (put off dealing with the costs and benifits of sulphate aerosols, etc, until later if necessary — but get at high - latitude black carbon right away)?
Farmers who have already made changes to production to limit
emissions from soil, such as no - till cultivation, would receive carbon
credits retroactively to
include efforts going back to 2001.
The 2030 package has been criticised for granting Poland concessions
including an estimated 200 million free carbon allowances (
emissions credits)-- worth about $ 4bn (# 3bn) at a carbon price of $ 20 per tonne — and a new modernisation fund for poorer EU countries to upgrade their energy sector, which may be worth $ 6bn in the decade to 2030.
Verified
Emission Reduction —
emission reductions created by projects which have been verified outside of the Kyoto Protocol —
including credits from pre-registration CDM projects; VERs are reductions from greenhouse gas
emission reduction projects that have prevented or removed the equivalent of one metric tonne of carbon dioxide.
The United States wants any future agreement on climate to
include provisions for tradable carbon
credits whereby industrial countries could exceed
emissions limits by planting forests and exchanging carbon allotments with forested countries.
An August decision by the New York Public Service Commission (PSC) approving New York's Clean Energy Standard
included a provision requiring the state's investor - owned utilities and other energy suppliers to pay for the intrinsic value of carbon - free
emissions from nuclear power plants by purchasing «Zero - Emission
Credits» (ZEC).
But vehicle standards aimed at reducing
emissions and fuel consumption shouldn't
include credits for potential positive changes to transportation system
emissions while ignoring the negative ones.