Sentences with phrase «international emission credits»

Not exact matches

«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.

In modifying or omitting such a requirement on the basis of infeasibility, the Administrator, in consultation with the Secretary of State and the Administrator of the United States Agency for International Development, shall ensure, with an adequate margin of safety, the integrity of international offset credits issued under this section and of the greenhouse gas emissions cap established pursuant toInternational Development, shall ensure, with an adequate margin of safety, the integrity of international offset credits issued under this section and of the greenhouse gas emissions cap established pursuant tointernational offset credits issued under this section and of the greenhouse gas emissions cap established pursuant to section 703.

-- Notwithstanding subparagraph (A), to demonstrate compliance prior to calendar year 2018, a covered entity may use 1 international offset credit in lieu of an emission allowance up to the amount permitted under this paragraph.

The Administrator shall retire those international offset credits and establish a number of emission allowances equal to 80 percent of the number of international offset credits so retired.

-- The Administrator, in accordance with the regulations promulgated under subsection (b)(1) and an agreement or arrangement described in subsection (b)(2)(A), shall issue international offset credits for greenhouse gas emission reductions achieved through activities to reduce deforestation only if, in addition to the requirements of subsection (b)--

-- The Administrator may establish by regulation criteria and procedures for determining whether, and for implementing a determination that, the expiration of an allowance, offset credit, or term offset credit, established or issued under the American Clean Energy and Security Act of 2009 or the amendments made thereby, or expiration of the ability to use an international emission allowance to comply with section 722, is necessary to ensure the authenticity and integrity of allowances, offset credits, or term offset credits or the allowance tracking system.

«(B) except as provided in paragraph (5) or (6), the quantity of the international offset credits is determined by comparing the national emissions from deforestation relative to a national deforestation baseline for that country established, in accordance with an agreement or arrangement described in subsection (b)(2)(A), pursuant to paragraph (4);

«(B) international offset credits may be sold at a strategic reserve auction under this subsection only if the Administrator determines that it is highly likely that covered entities will, to cover emissions occurring in the year the auction is held, use offset credits to demonstrate compliance under section 722 for emissions equal to or greater than 80 percent of 2 billion tons of carbon dioxide equivalent;

-- In this subsection, the term «sectoral basis» means the issuance of international offset credits only for the quantity of sector - wide reductions or avoidance of greenhouse gas emissions, or sector - wide increases in sequestration of greenhouse gases, achieved across the relevant sector of the economy relative to a domestically enforceable baseline level of absolute emissions established in an agreement or arrangement described in subsection (b)(2)(A) for the sector.

In addition, no international offset credits shall be issued for emission reductions from activities with respect to which emission allowances were allocated under section 781 for distribution under part E.

The ability to demonstrate compliance with offset credits shall be divided pro rata among covered entities by allowing each covered entity to satisfy a percentage of the number of allowances required to be held under subsection (b) to demonstrate compliance by holding 1 domestic offset credit or 1.25 international offset credits in lieu of an emission allowance, except as provided in subparagraph (D).

«(C) the reduction in emissions from deforestation has occurred before the issuance of the international offset credit and, taking into consideration relevant international standards, has been demonstrated using ground - based inventories, remote sensing technology, and other methodologies to ensure that all relevant carbon stocks are accounted;

-- The Administrator, in consultation with the Secretary of State and the Administrator of the United States Agency for International Development, may issue, in accordance with this section, international offset credits based on activities that reduce or avoid greenhouse gas emissions, or increase sequestration of greenhouse gases, in a develoInternational Development, may issue, in accordance with this section, international offset credits based on activities that reduce or avoid greenhouse gas emissions, or increase sequestration of greenhouse gases, in a develointernational offset credits based on activities that reduce or avoid greenhouse gas emissions, or increase sequestration of greenhouse gases, in a developing country.

«(i) increase the percentage of emissions that can be offset through the use of international offset credits to reflect the amount that 1.0 billion exceeds the number of domestic offset credits the Administrator determines is available, at prices generally equal to or less than emission allowance prices, for that year, up to a maximum of 0.5 billion tons of greenhouse gas emissions; and

Posted in Advocacy, Agriculture, Biodiversity, Capacity Development, Carbon, Development and Climate Change, Financing, Forest, Green House Gas Emissions, Information and Communication, International Agencies, Land, Lessons, Livelihood, News, Opinion, REDD +, Resilience, Technologies, UNFCCC Comments Off on Farmers Seek New Income From Fairtrade Carbon Credits

SAN FRANCISCO, June 14, 2017 — Terra Global Capital, a woman - run private social enterprise, along with the American Carbon Registry (ACR), a nonprofit enterprise of Winrock International, announce the first - ever issuance and sale of greenhouse gas emission reduction credits from the sustainable production of rice.

Based on a stricter emissions reduction in the context of a satisfactory international agreement, additional access to credits could be allowed, as well as the use of additional types of project credits or other mechanisms created under the international agreement.

Allows a covered entity to satisfy a percentage of the number of allowances required to be held to demonstrate compliance by holding 1 domestic offset credit or 1.25 international offset credits in lieu of an emission allowance.

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: (1) use the proceeds to purchase international offset credits issued for reduced deforestation activities; (2) retire those credits and establish a number of emission allowances equal to 80 % of the number of international offset credits retired; and (3) deposit such allowances in the Reserve.

And we've developed some of the most robust reporting and monitoring systems that ensure carbon credits represent real, measurable and additional emissions reductions,» said Simon Henry, program director at the International Carbon Reduction and Offset Alliance (ICROA), which funded the research for this article.

Provides that allowances, international emission allowances, offset credits, and term offset credits do not expire unless they are: (1) retired by the EPA Administrator; or (2) determined to be expired or to have expired by a specific date by the EPA Administrator.

In addition, no international offset credits shall be issued for emission reductions from activities with respect to which emission allowances were allocated under section 781 for distribution under part E.

-- The Administrator may issue international offset credits for greenhouse gas emission reductions achieved through activities to reduce deforestation at a state or provincial level that meet the requirements of this section.

«For the purposes of decreasing the likelihood of catastrophic climate change, preserving tropical forests, building capacity to generate offset credits, and facilitating international action on global warming, the Administrator shall set aside the percentage specified in section 781 of the quantity of emission allowances established under section 721 (a) for each year, to be used to achieve a reduction of greenhouse gas emissions from deforestation in developing countries in accordance with part E.

«(B) international offset credits may be sold at a strategic reserve auction under this subsection only if the Administrator determines that it is highly likely that covered entities will, to cover emissions occurring in the year the auction is held, use offset credits to demonstrate compliance under section 722 for emissions equal to or greater than 80 percent of 2 billion tons of carbon dioxide equivalent;

The quantity of international offset credits shall be determined by comparing the project - level or program - level emissions from deforestation to a deforestation baseline for such project or program established pursuant to subparagraph (C).

-- The Administrator may establish by regulation criteria and procedures for determining whether, and for implementing a determination that, the expiration of an allowance, offset credit, or term offset credit, established or issued under the American Clean Energy and Security Act of 2009 or the amendments made thereby, or expiration of the ability to use an international emission allowance to comply with section 722, is necessary to ensure the authenticity and integrity of allowances, offset credits, or term offset credits or the allowance tracking system.

-- The Administrator, in consultation with the Secretary of State and the Administrator of the United States Agency for International Development, may issue, in accordance with this section, international offset credits based on activities that reduce or avoid greenhouse gas emissions, or increase sequestration of greenhouse gases, in a develoInternational Development, may issue, in accordance with this section, international offset credits based on activities that reduce or avoid greenhouse gas emissions, or increase sequestration of greenhouse gases, in a develointernational offset credits based on activities that reduce or avoid greenhouse gas emissions, or increase sequestration of greenhouse gases, in a developing country.

«(C) upon sale of such international offset credits, the Administrator shall retire those international offset credits, and establish and provide to the purchasers a number of emission allowances equal to 80 percent of the number of international offset credits so retired, which allowances shall be in addition to those established under section 721 (a); and

-- The Administrator, in accordance with the regulations promulgated under subsection (b)(1) and an agreement or arrangement described in subsection (b)(2)(A), shall issue international offset credits for greenhouse gas emission reductions achieved through activities to reduce deforestation only if, in addition to the requirements of subsection (b)--

-- In this subsection, the term «sectoral basis» means the issuance of international offset credits only for the quantity of sector - wide reductions or avoidance of greenhouse gas emissions, or sector - wide increases in sequestration of greenhouse gases, achieved across the relevant sector of the economy relative to a domestically enforceable baseline level of absolute emissions established in an agreement or arrangement described in subsection (b)(2)(A) for the sector.

«(i) increase the percentage of emissions that can be offset through the use of international offset credits to reflect the amount that 1.0 billion exceeds the number of domestic offset credits the Administrator determines is available, at prices generally equal to or less than emission allowance prices, for that year, up to a maximum of 0.5 billion tons of greenhouse gas emissions; and

«(C) the reduction in emissions from deforestation has occurred before the issuance of the international offset credit and, taking into consideration relevant international standards, has been demonstrated using ground - based inventories, remote sensing technology, and other methodologies to ensure that all relevant carbon stocks are accounted;

«(B) except as provided in paragraph (5) or (6), the quantity of the international offset credits is determined by comparing the national emissions from deforestation relative to a national deforestation baseline for that country established, in accordance with an agreement or arrangement described in subsection (b)(2)(A), pursuant to paragraph (4);

«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.»

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.

Switzerland's pledge of a 50 % reduction in greenhouse gas emissions looks high compared to the EU's «at least 40 %», until you realise they plan to use international carbon credits where the EU will make all reductions on home soil.

The private investor then sells the carbon credits on international markets to companies looking to offset their emissions.

The surplus of allowances is largely due to the economic crisis (which reduced emissions more than anticipated) and high imports of international credits.

More recently, Matt was a consultant analyst at the International Energy Agency and has also worked on emissions trading at Credit Suisse and energy efficiency at the UK's Department of Energy and Climate Change.

These credits would allow California polluters to meet limits on greenhouse gas emissions by buying carbon offset credits from international initiatives intended to prevent destruction of tropical rainforests.

The idea is that credits representing the CO2 locked into this particular area of jungle — so remote that it is not under any threat — should be sold on the international market, allowing thousands of companies in the developed world to buy their way out of having to restrict their carbon emissions.

This positive result was overshadowed by an influx of carbon credits from the international markets as companies looked to exploit a closing loophole on the eligibility of certain methods of earning emission allowances.

That, of course, would expand the opportunities for rich countries and rich - world companies to offset their emissions from dirty coal and inefficient cars by buying credits on international carbon markets.

Under California's laws as currently written, international REDD credits can be used to offset a grand total of just 74 million tons of carbon emissions from 2012 to 2020 — and that's the best - case scenario.

A growing number of national and sub-national governments turn to carbon markets to meet their future GHG emission goals, but while a large number of developing nations are interested in selling carbon credits in an international market there is little interest in buying.

It focuses on baseline development, in particular how to develop baselines consistent with rules that may arise for international crediting (or other forms of emissions trading or transfers) under the Paris Agreement.

But International Rivers says the CDM is «failing miserably and is undermining the effectiveness of the Kyoto Protocol» because most of the emission reduction credits are fake and come from projects that do not reduce emissions.

The business potential is nicely embodied by AgCert International (AgCert ™), a business that sells credits for those greenhouse gas (GHG) emission reductions.