Sentences with phrase «overall emissions cap»
The total number of allowances is equivalent to the overall emissions cap (e.g. if a cap of 1 mm tons of emissions is set, 1 mm one ton allowances will be issued).
http://store.shrinkyourfoot.org/ Not exact matches
«A cap - and - trade system says, «You have to reduce overall emissions, but how you do it is your business.»
Those that reduce emissions below the cap can sell their excess permits to those sources that fail to meet the targets — the trade part of the market — resulting in an overall reduction of pollution at the lowest economic cost, in theory.
Several bills pending in Congress would set a so - called cap - and - trade policy under which an overall limit on pollution would be set — and companies with low output could sell their allowances to those that fail to cut emissions as long as the total stays within the total pollution cap.
It does not expressly endorse a «cap and trade» approach as opposed to a carbon tax but does recommend creating an overall «budget» for greenhouse gas emissions over a stretch of decades that can lead to a clear, directly measurable goal.
He cites studies concluding that various provisions would allow expanded coal use in coming decades despite an overall cap on emissions of carbon dioxide.
The bill would set up a cap - and - trade system to achieve the emissions targets, allowing industry and other entities to buy and sell permits within an overall emissions ceiling.
For example, nine states in the Northeast, as part of a regional cap - and - trade program that sets overall limits on carbon and then allows states to trade permits to pollute, have committed to cut emissions by 45 percent during the next year and by another 2.5 percent a year after that until 2020.
The need for more harmonisation is clearest with respect to how the cap on overall emission allowances is set.
If the overall cap for any year is set below the level of emissions last year, on a downward trajectory compatible with stabilizing concentrations at a safe level, reserving some credits for new entrants would force other firms to bid for fewer permits, raising prices and increasing the number of mitigation activities that are worth undertaking.
The EU ETS is a «cap and trade» system, that is to say it caps the overall level of emissions allowed but, within that limit, allows participants in the system to buy and sell allowances as they require.
Includes provisions: (1) creating a combined energy efficiency and renewable electricity standard and requiring retail electricity suppliers to meet 20 % of their demand through renewable electricity and electricity savings by 2020; (2) setting a goal of, and requiring a strategic plan for, improving overall U.S. energy productivity by at least 2.5 % per year by 2012 and maintaining that improvement rate through 2030; and (3) establishing a cap - and - trade system for greenhouse gas (GHG) emissions and setting goals for reducing such emissions from covered sources by 83 % of 2005 levels by 2050.
The policy puts no overall cap on emissions.
The EPA's cap - and - trade would work pretty similar to the one that Congress set up — setting an overall ceiling for annual emissions and requiring emitters to pay for allowances.
China can not avoid an overall cap on carbon emissions indefinitely, but it is not in a position realistically to accept a cap at Copenhagen.
And yet now they submit that this same private sector is utterly incapable of coping with a limit on overall emissions, even though such a cap would, from the private sector's point of view, operate very much like a limited supply of a resource, like land.
The program's overall greenhouse gas emission cap declines by three percent annually from 2015 through 2020, and faster (details still to be determined) from 2021 through 2030.
Many «carbon offset» companies such as TerraPass or DriveNeutral do this by buying emissions rights on behalf of their customers, then retiring those rights - therefore the overall cap gets lowered by an amount equivalent to the emissions of a driver's yearly car use.