Sentences with phrase «of allowance auctions»

Kerry uses the boost to raise the number of allowance auctions, simplify the allocation process, reduce the number of offsets, and implement tighter restrictions on carbon trading and offsets.

What might be characterized as a populist approach would be a cap - and - trade system with 100 % of the allowances auctioned and the auction revenue returned directly «to the people.»

Not exact matches

The state would raise the $ 30 million from the New York State Energy Research and Development Authority's (NYSERDA) auctioning of carbon dioxide emission allowances.

The state experienced a sharp decline in demand for allowances in its last auction, selling 10 percent of available allowances.

President Obama's initial plan for a «100 percent auction» of emissions allowances would correct many of those deficiencies.

The EPA's auctions, which involved only a few per cent of the allowances, were meant to help stimulate trading by setting a market price for the allowances.

In two auctions, the agency auctioned off 150 000 «allowances», each permitting its holder to release 1 tonne of sulphur dioxide into the air.

Regular auctions to sell the right to pollute, or allowances, have netted nearly $ 676 million for the states and emissions have dropped to roughly 120 million metric tons of CO2 — 34 percent below the cap for 2009, according to a report from Environment Northeast.

A state analysis last summer said that cap and trade would increase pump prices 10 to 12 cents per gallon, based on the current auction allowance price of $ 12 per carbon ton.

«(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;

$ 8 billion) over first ten years for deficit reductionObeys PAYGO; Starting in 2026, 25 % of auction revenues for deficit reductionFuels and TransportationIncrease biofuels to 60 million gallons by 2030, low - carbon fuel standard of 10 % by 2010, 1 million plug» in hybrid cars by 2025, raise fuel economy standards, smart growth funding, end oil subsidies, promote natural gas drilling, enhanced oil recoverySmart growth funding, plug - in hybrids, raise fuel economy standards $ 7 billion a year for smart growth funding, plug - in hybrids, natural gas vehicles, raise fuel economy standards; offshore drilling with revenue sharing and oil spill veto, natural gas fracking disclosureCost ContainmentInternational offsetsOffset pool, banking and borrowing flexibility, soft price collar using permit reserve auction at $ 28 per ton going to 60 % above three - year - average market price» Hard» price collar between $ 12 and $ 25 per ton, floor increases at 3 % + CPI, ceiling at 5 % + CPI, plus permit reserve auction, offsets like W - MClean Air Act And StatesNot discussedOnly polluters above 25,000 tons of carbon dioxide equivalent a year, regional cap and trade suspended until 2017, EPA to set stationary source performance standards in 2016, some Clean Air Act provisions excludedOnly polluters above 25,000 tons of carbon dioxide equivalent a year, regional cap and trade pre-empted, establishes coal - fired plant performance standards, some Clean Air Act provisions excludedInternational CompetitivenessTax incentives for domestic auto industryFree allowances for trade - exposed industries, 2020 carbon tariff on importsCarbon tariff on importsReferences: Barack Obama, 2007; Barack Obama, 8/3/08; Pew Center, 6/26/09; leaked drafts of American Power Act, 5/11/10.

-- For calendar year 2017 and each year thereafter, the annual limit on the number of emission allowances from the strategic reserve account that may be auctioned is an amount equal to 10 percent of the emission allowances established for that calendar year under section 721 (a).

-- Except as provided in paragraph (2) or (3), the annual number of emission allowances that a covered entity may purchase at the strategic reserve auctions in each calendar year shall not exceed 20 percent of the covered entity's combined greenhouse gas emissions and attributable greenhouse gas emissions during the most recent year for which allowances or offset credits were retired under section 722.

-- When the Administrator acts under this subsection as the agent of an entity in possession of international offset credits, the Administrator is not obligated to obtain the highest price possible for the international offset credits, and instead shall auction such international offset credits in the same manner and pursuant to the same rules (except as modified in paragraph (1)-RRB- as set forth for auctioning strategic reserve allowances.

-- For each of calendar years 2012 through 2016, the annual limit on the number of emission allowances from the strategic reserve account that may be auctioned is an amount equal to 5 percent of the emission allowances established for that calendar year under section 721 (a).

(1) auctioning of specified percentages of the available emissions allowances each year by the federal government and designating the revenue for particular adaptation programs; and

2) Undermining of the European Emissions Trading Scheme by introducing too generous allowances and giving allowances away rather than auctioning them.

The auction part isn't to see who wants the right to pollute more next year — nearly all of the pollution allowances in the program for 2013 have already been given to utilities and industry in the state — rather the auction is to determine what price the market will bear for the carbon.

Because of a surplus of allowances obtained via auction during the initial years of RGGI, the value of these allowances remained close to the program's price floor of $ 1.93 / ton of CO2 allowed in each quarterly auction.

The value of allowances increased slightly to $ 3.00 / ton of CO2 in the latest auction, with market participants possibly anticipating a rise in the future value of allowances.

The fairness of the system has been substantially increased by the move towards EU - wide free allocation rules for industrial installations and by the introduction of a redistribution mechanism that entitles new Member States to auction more allowances.

The New York investments from the RGGI allowance auction revenues are expected to only reduce emissions 89,531 tons at an average investment rate of $ 81.5 million.

The main difference as compared to the proposal is that auctioning of allowances will be phased in more slowly.

In the case of the China, seven pilot CO2 cap - and - trade regimes at the local level are under development, while in the United States, California's ambitious AB - 32 cap - and - trade system continues to make progress, and in the northeast, the Regional Greenhouse Gas Initiative (RGGI) is witnessing higher allowance auction prices due to the more severe targets the RGGI states recently adopted.

Auctioning 100 % of allowances is also the main recommendation in Open Europe's white paper, «Europe's Dirty Secret: Why the EU ETS Isn't Working», for improving the working of the EU's cap - and - trade scheme, although Open Europe concludes that cap - and - trade is fundamentally flawed in ways that can't be fixed.

A total of 88 % of allowances to be auctioned by each Member State is distributed on the basis of the Member State's share of historic emissions under the EU ETS.

If it is found that the price evolution does not correspond to market fundamentals, the Commission may either allow Member States to bring forward the auctioning of a part of the quantity to be auctioned, or allow them to auction up to 25 % of the remaining allowances in the new entrant reserve.

The CCR allowances would be made available immediately in any auction in which demand for allowances at prices above the CCR trigger price exceeds the supply of allowances offered for sale in that auction prior to the addition of any CCR allowances.

For example, using part of the proceeds from auctioning allowances in the EU ETS could generate additional means to invest in LULUCF activities both inside and outside the EU, and may provide a model for future expansion.

It is estimated that at least half of the available allowances as of 2013 will be auctioned.

All allowances which are not allocated free of charge will be auctioned.

It is still the case that 10 % of the rights to auction allowances will be redistributed from Member States with high per capita income to those with low per capita income in order to strengthen the financial capacity of the latter to invest in climate friendly technologies.

While the great majority of allowances has been allocated free of charge to installations in the first and second trading periods, the Commission proposed that auctioning of allowances should become the basic principle for allocation.

Taking into account their ability to pass on the increased cost of emission allowances, full auctioning is the rule from 2013 onwards for electricity generators.

Auctioning 100 % of carbon allowances would eliminate some of the biggest opportunities for gaming the system, corruption, and misusing political influence to gain special favors.

The basic premise of cap and trade is that each year a certain amount of allowances, or permits to pollute, are made available by a mix of free allocation and quarterly auctions.

RGGI (2009), States Release Results of Third Auction for RGGI CO2 Allowances, Regional Greenhouse Gas Initiative.

Subtitle B: Disposition of Allowances -(Sec. 321) Amends the CAA to set forth provisions governing the disposition of emission allowances, including specifying allocations: (1) for supplemental emissions reductions from reduced deforestation; (2) for the benefit of electricity, natural gas, and / or home heating oil and propane consumers; (3) for auction, with proceeds for the benefit of low income consumers and worker investment; (4) to energy - intensive, trade - exposed industries; (5) for the deployment of carbon capture and sequestration technology; (6) to invest in energy efficiency and renewable energy; (7) to be distributed to Energy Innovation Hubs and advanced energy research; (8) to invest in the development and deployment of clean vehicles; (9) to domestic petroleum refineries and small business refiners; (10) for domestic and international adaptation; (11) for domestic wildlife and natural resource adaptation; and (12) for international clean technology dAllowances -(Sec. 321) Amends the CAA to set forth provisions governing the disposition of emission allowances, including specifying allocations: (1) for supplemental emissions reductions from reduced deforestation; (2) for the benefit of electricity, natural gas, and / or home heating oil and propane consumers; (3) for auction, with proceeds for the benefit of low income consumers and worker investment; (4) to energy - intensive, trade - exposed industries; (5) for the deployment of carbon capture and sequestration technology; (6) to invest in energy efficiency and renewable energy; (7) to be distributed to Energy Innovation Hubs and advanced energy research; (8) to invest in the development and deployment of clean vehicles; (9) to domestic petroleum refineries and small business refiners; (10) for domestic and international adaptation; (11) for domestic wildlife and natural resource adaptation; and (12) for international clean technology dallowances, including specifying allocations: (1) for supplemental emissions reductions from reduced deforestation; (2) for the benefit of electricity, natural gas, and / or home heating oil and propane consumers; (3) for auction, with proceeds for the benefit of low income consumers and worker investment; (4) to energy - intensive, trade - exposed industries; (5) for the deployment of carbon capture and sequestration technology; (6) to invest in energy efficiency and renewable energy; (7) to be distributed to Energy Innovation Hubs and advanced energy research; (8) to invest in the development and deployment of clean vehicles; (9) to domestic petroleum refineries and small business refiners; (10) for domestic and international adaptation; (11) for domestic wildlife and natural resource adaptation; and (12) for international clean technology deployment.

Requires the EPA Administrator to: (1) establish a strategic reserve account of a specified amount of emission allowances; (2) auction strategic reserve allowances quarterly.

Requires the EPA Administrator to issue regulations setting aside a specified number of allowances that small business refiners may purchase at the average auction price.

EPA is seeking comment on whether the model rule and proposed federal plan should include auctioning of some or all allowances, rather than free allocation, despite these requirements.)

Provides for: (1) the distribution, auction, banking, exchange, and international transfer of such allowances; and (2) the issuance of offset credits for the destruction of CFCs.

Requires the Comptroller General to report to Congress on the results of a review of programs administered by the federal government that distribute emission allowances or funds from any federal auction of allowances.

Requires: (1) one - fourth of each year's annual strategic reserve auction limit to be made available for action in each quarter; and (2) unsold allowances to be returned to the reserve.

Requires auctions to have a minimum reserve price, which in: (1) 2012 will be $ 28 per allowance; (2) 2013 and 2014 will be the minimum strategic reserve auction price for the previous year increased by 5 % plus the rate of inflation; and (3) 2015 and thereafter will be 60 % above a rolling 36 - month average of the daily closing price for that year's emission allowance vintage as reported on registered carbon trading facilities.

Establishes limits on the number of emission allowances from the strategic reserve account that may be auctioned for 2012 - 2016 and for 2017 and thereafter.

Emissions from power plants in New York State are down approximately 45 percent since 2005, and auction proceeds from sale of the RGGI allowances have reduced electricity expenditures and created thousands of green energy sector jobs.

And one third of those reductions — those generated by auctioning off five percent of the bill's allowances and dedicating those funds to establishing a conservation infrastructure, among other purposes — come in addition to the bill's pollution cap.

-- The Administrator shall deposit all proceeds from the auction and non-auction sale of allowances under this section into the Stratospheric Ozone and Climate Protection Fund.

-- For each vintage year starting in 2012, the Administrator shall auction, pursuant to section 791, 15 percent of the emission allowances established for each year under section 721 (a), with the proceeds used for the benefit of low income consumers to fund the program set forth in subtitle C of title IV of American Clean Energy and Security Act of 2009 and the amendments made thereby.