Sentences with phrase «many emission permits»

The logic behind carbon pricing — most likely either a tax on fossil fuels or a cap - and - trade system that allows companies to sell emission permits back and forth — is powerful.

It takes place on January 1st, 2018, when the UK government loses its right to issue carbon dioxide emission permits.

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.

Even putting a levy on carbon emissions, either through a carbon tax or carbon - emission permits, will not be sufficient.

California's carbon market forces firms to bid at auction for emissions permits, which have a not insignificant minimum price.

So, the argument for carbon trading goes, we should be able to trade the right to emit: firms that cut emissions can profit by selling emissions permits to those that do not.

Concerned scientists, politicians and activists have long dreamed of a global carbon market, one that would compel companies, wherever they are based, to buy emissions permits, issued annually, or to stop emitting.

Mexico may also require a minimum price for carbon emission permits, as California does, so companies can better predict their future financial positions.

Emissions permits could generate billions and cut emissions 14 percent by 2020, according to budget proposal

British Columbia and Alberta have already introduced modest carbon taxes; Ontario and Quebec have embryonic cap - and - trade systems that allow polluters to buy and sell a limited number of emissions permits.

Moreover, if the cap - and - trade system is bringing in revenue, that means by definition that there has to be a significant initial auctioning off of the emissions permits.

McCain has cosponsored a bill, so far rejected by his colleagues, that would set up a national system of tradable emissions permits for greenhouse gases and would require U.S. emissions in 2010 to be no more than in 2000 — not quite Kyoto, which sets the levels 7 percent below 1990 — but a start.

Its east European members have unused emissions permits left over from the first period of the Kyoto protocol.

Then the state government awards or sells emission permits to the roughly 360 corporations and other entities that control those sources.

Then on Tuesday night, hours before the summit was due to end, the US announced the formation of a «carbon club» consisting of itself, Canada, Japan and Russia, to trade emissions permits among themselves.

Its East European members have unused emissions permits left over from the first period of the Kyoto protocol.

Carbonkiller is an initiative by the Dutch environmental organisation WISE that allows anyone to buy and destroy emission permits from the massively oversupplied European carbon market with the aim to raise the price and to increase public engagement in one of Europe's key climate tools.

The Oregon bill would set a gradually declining limit on total carbon emissions in the state from large emitters and auction emissions permits to affected entities.

But Borenstein noted that policymakers are considering a far lower price — $ 20 per ton of greenhouse gases — as the maximum that industry could be charged in proposed tradable emissions permit programs.

A «hard collar» on the price of emission permits of no less than $ 10 per ton of carbon emitted and no more than $ 30 per ton.

Companies that emit these gases, mainly when they burn fossil fuels, would be able to buy and sell emissions permits, an approach called «cap - and - trade» that reward those who find cheap ways to control pollution.

In that case there would be no need for any firm in Australia to buy an emissions permit.

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

Unused greenhouse - gas emission permits from the first period won't have buyers in the second phase, officials from the European Union and the United Nations said earlier this week.

As for a power generator in a heat wave announcing it has to shut off due to overreaching on its emission permits, what could any diligent but pragmatic permit inspector say?

The latest draft of the Senate legislation includes a system somewhat different from the House bill's to ensure that the price of emissions permits does not rise or fall too quickly.

Any attempts to bribe poorer nations into buying insurance (aka tradable emission permits) involves contracts that can't be enforced in the long run.

Tusk said Sarkozy and the EU Commission agreed to extend a period limiting mandatory purchases of carbon emissions permits for east European coal plants.

Firms that need to increase their emission permits must buy permits from those who require fewer permits.

The project to institute markets in emission permits is a neoliberal mid-range strategy, better attuned to appeal to centrist governments, NGOs and the educated segments of the populace, as well as to the financial sector.

Rehdanz, K. ja Tol, R. S. J. (2005), Unilateral regulation of bilateral trade in greenhouse gas emission permits, Ecological Economics, 54: 397416.

But western European nations, especially France, wanted to see the U.S. make painful cuts in its use of energy rather than permit the purchase of unused emission permits from Russia.

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.

Emission permit - An emission permit is a non-transferable or tradable entitlement allocated by a government to a legal entity (company or other emitter) to emit a specified amount of a substance.

A carbon budget is the cumulative amount of carbon dioxide (CO2) emissions permitted over a period of time to keep within a certain temperature threshold.

The Point Carbon study, released in June, said countries like the United Kingdom, Spain and Italy — faced with a $ 5 - per - ton rise in emissions permit prices — would switch from coal to gas.

She also knew money from emissions permits would flow into Germany's so - called «climate fund,» which helps finance green - energy projects around the world.

The recent recession has also left emissions permits undersold, meaning there's room, under the EU limit, to burn more coal or gas overall.

Through carbon trade, countries with higher carbon emissions could purchase emission permit from those with lower emissions or even negative emissions.

Emission fees or caps on total pollution, potentially with tradable emission permits, are examples of ways we could use to help remove this barrier.

EU industry has so far largely been protected from overseas competitors not subject to carbon pricing as it has received free emissions permits.

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

A government agency would auction or allocate carbon emission permits to businesses, who would include it in their price to you.

To expand emissions permit trading opportunities among companies, Ontario plans to link its system to those that already exist in Quebec and California.

Members made a voluntary but legally binding commitment to meet greenhouse gas emission reduction targets either by cutting emissions or by buying emissions permits sold by members.

And ECO knows that the negotiators are well aware of the fact that strong new rules to eliminate the gigantic surplus of emission permits from the Kyoto Protocol's first commitment period will make a real difference.

That's because the growing country will demand more emissions permits, pushing up the global price.

The Baytown project is waiting on air quality and greenhouse gas emissions permits from federal and state agencies, and we are hopeful they will come soon.

With a scrubber in place, a plant using high - sulfur coal can reduce its need to buy and surrender SO2 emissions permits by 90 % or more compared to a plant using the same fuel without a scrubber, making Illinois Basin coal much more competitive, especially against Central Appalachia which previously could rely on its low sulfur content as a competitive advantage.