Sentences with phrase «obligations under the cap»

Dave Clegern, a spokesman for the California Air Resources Board (ARB) said that the wording on the label is inaccurate because «the compliance obligation under the cap - and - trade program is not a tax.»

Regulatory approval of a fertilizer management offset methodology would enable GHG emission offsets created by farmers to be sold to regulated entities with mandatory emission reduction obligations under the cap - and - trade program.

In particular, when the allowances are allocated directly to affected sources in a traditional cap and trade program the allowance bank is either allowances held by affected sources for compliance obligations or those deemed surplus by compliance entities because of investments in controls to meet their compliance obligations under the cap.

Not exact matches

Of course, many banks offer a $ 50 cap or no fees at all for fraudulent charges — my bank once happily resolved some bad charges for me at no loss to me — but banks are under no obligation to shield debit card customers from fraud.

But SoCal Gas is under no such obligation, because the Porter Ranch plume is comprised of «fugitive emissions», which are «those emissions which are unintentional and could not reasonably pass through a stack, chimney, vent, or other functionally - equivalent opening,» according to the California Air Resources Board (CARB), which oversees the state's cap - and - trade system.

To enable trading, rules are established that allow those entities with caps to meet their obligations either by purchasing unneeded allowances from others that have caps, funding projects that reduce emissions at places under the control of others, or purchasing off - sets created by carbon reduction projects somewhere in the world.

European Union Emissions Trading Scheme — a market - based «cap and trade» system for GHGs adopted by European Union member states in January 2005 in advance of their obligations under the Kyoto Protocol