Sentences with phrase «on the carbon price floor»

The group recommended that the government should resolve the uncertainties over its plans for electricity market reform as soon as possible, as well as setting out a clear policy on the carbon price floor — which ensures companies and generators pay a minimum price for their emissions - and work with industry to «foster a constructive dialogue with the public on energy policy».

Not exact matches

The floor price, which begins this year at C$ 10 per tonne and increases to $ 50 by 2022, will cost the country's economy about $ 2 billion, or 0.1 % — before factoring in «the prospect of additional growth that could result from clean technology investments spurred on by a higher price on carbon,» The Canadian Press notes.

They passed a motion on a green stimulus for the economy earlier this afternoon that included an amendment saying the government should «introduce a windfall tax on operators of existing nuclear stations, recovering through taxation the profits they make solely as a result of the introduction of the carbon floor price from April 2013».

$ 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.

These fossil fuels are subject to a «carbon price support rate» based on carbon content which will create in essence a carbon price floor.

carbon price floor tax: a tax on fossil fuels used in electricity generation.

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There was some bad news for Drax recently as the UK government decided that biomass subsidies would not keep climbing as the «carbon price floor» — levied on fossil fuel production (and due to rise further)-- on electricity consumption has caused a backlash from manufacturers, consumer groups and energy suppliers who are concerned that the «tax will push up prices, make the UK uncompetitive and force the premature closure of coal - fired power plants, increasing the risk of blackouts.»

Environmental groups also wanted a high floor on the price of carbon and were wary of a ceiling that, if met, would result in more allowances than the agreed cap to be added to the market.

This conference came on the heels of the big news that on Monday, October 3, 2016, Prime Minister Justin Trudeau announced that Canada will establish a floor price on carbon pollution of $ 10 a tonne in 2018, rising to $ 50 a tonne by 2022.

The UK introduced a carbon price floor in 2012 which put a minimum price on emissions.

In the UK, an additional factor is the 2015 introduction of an # 18 - per - tonne carbon floor price, a tax on carbon emissions that is paid by electricity generators.

With a multi-pronged attack on carbon emissions and related pollution, cap - and - trade may be only one component, or the price may even collapse if they don't establish the right cap or a floor on prices.

Jaccard says two things need to happen before B.C. considers joining cap and trade: more jurisdictions must be part of it, forming a critical mass to counteract California's dominance, and a «floor» must be imposed on the carbon price to ensure it never dips below the value of our carbon tax.

Among the initiatives is putting a floor price on carbon, investing in energy efficiency measures like smart meters, and limiting the emissions of coal plants.

Some environmental policies are as a result of UK initiatives, Driven by concerns on carbon price, the UK unilaterally enacted the carbon floor price which is contributing to the closure of coal - fired power stations.