Sentences with phrase «international offsets»
"International offsets" refers to worldwide efforts to reduce or compensate for the negative environmental impact caused by one country by implementing measures in another country. It involves balancing out carbon emissions or other harmful activities through actions like planting trees, investing in clean energy projects, or conserving forests. The aim is to achieve overall global environmental sustainability by distributing efforts and resources across different regions or nations. Full definition
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 to section 703.
congress.gov
«(A) such international offset credits will be used to fill bid orders only after the supply of strategic reserve allowances available for sale at that auction has been depleted;
In this analysis, the World Resources Institute (WRI) says the Swiss proposal is clear and comprehensive, but they also said the country may relying too heavily on international offsets instead of domestic reductions.
The use of credits from the UN-backed international offset markets also doubled in 2012 as companies looked to exploit a closing loophole previously described as «perverse» by Sandbag.
The United States and the EU both took a pass on using international offsets to meet their targets, though their climate plans do not preclude the use of domestic carbon markets to lower emissions.
«(C) encourage equitable sharing of profits and benefits derived from international offset credits with local communities, indigenous peoples, and forest - dependent communities.
The sectoral CDM concept has been incorporated in the recent Kerry - Lieberman American Power Act as a potential international offsets mechanism.
Using 1 billion tons of international offsets available under Waxman - Markey would be logistically tough, it says.
Funding through international offsets would be $ 7 billion in 2020.»
Chiapas, Mexico and Acre, Brazil signed a memorandum of understanding with California to coordinate around REDD back in 2012 and ARB officials have said they would consider accepting international offsets into the program, although they have not yet set a date for doing so.
The EU has struggled to remedy numerous design and implementation flaws including a too - loose cap that has failed to induce a significant, persistent and rising carbon price, as well as international offsets that hold down carbon prices and whose environmental benefits remain maddeningly difficult to monitor and verify.
EPA has estimated that without international offsets (most of which will be forest - based), the bill would have been 96 percent more expensive.
New Zealand, home of the world's second - oldest Emissions Trading System, chose not to participate in the second phase of the Kyoto Protocol, and forestry project transactions nearly ground to a halt due to competition from less expensive international offsets.
Compared with global development assistance dollars that target energy and environment projects — an estimated $ 3 billion to $ 5 billion annually — a carbon - trading system with dedicated international offsets can channel significant funds to the energy sectors in the countries that will be hit hardest by climate change.
The environment ministry's de Oliveira said the first two paragraphs simply reiterate the federal government's right to employ international offsets in the future.
He further argues the cheapest way of doing this is with a carbon price (including unlimited international offsets), and that with the carbon price in place the RET should become redundant over time.
It says it will also use international offsets, developed under its Joint Crediting Mechanism (JCM), to help meet its 2020 climate goal, though it has yet to work out how many will be needed.
«If the Senate bill in its final form does not allow companies to use international offsets to achieve their targets, then the U.S. as a source of funding for REDD would die,» said Daniel Nepstad, a senior scientist with the Woods Hole Research Center, which is a member of Hurowitz's Tropical Forest and Climate Coalition, meaning other countries might have to fill that gap with their own funding and offset needs.
The commission breaks with Waxman - Markey over the extent to which industries can use international offsets — such as projects to prevent deforestation or reforest areas — to meet emission - reduction requirements.
«The Commission is concerned that over-reliance on international offsets — given the practical difficulty of assuring that emissions reductions claimed in other countries are real, permanent, additional, and verifiable — could undermine program goals and political support, especially if substantial U.S. funds are leaving the country to support abatement efforts abroad rather than at home,» it states.
Currently, there are five coal - fired power plants registered as emission reduction projects under the Clean Development Mechanism (CDM), an international offsetting program run by an arm of the United Nations.
CDM Watch and others have been fighting to get coal plants out of the international offsetting scheme for years, but political support from China and India for keeping them in has so far prevented their removal.
CDM = Kyoto Protocol Clean Development Mechanism, an international offsets market.
This, in turn, will help boost China's renewable energy capacity and lift carbon prices in the international offset market, which is being oversupplied by carbon credits from the U.N. - run Clean Development Mechanism (CDM).
-- 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.