[1] The resulting proposal was a market - based cap and trade approach which intended to legislate power
plant emissions caps without specifying the specific methods used to reach those caps.
Not exact matches
Virginia's limit, or «
cap,» on carbon dioxide
emissions would tighten 30 percent between 2020 and 2030, while adding measures to maintain market stability with a reserve of credits that power
plant owners can purchase to help them comply.
One recommendation by the alliance takes aim at Ontario government energy policy that could also double as climate policy, as the province has curtailed greenhouse gas
emissions coming from the electricity sector by closing coal - fired power
plants, invested in costly solar and wind energy projects, and instituted a
cap - and - trade system that requires businesses to buy permits to cover their carbon
emissions.
The bill aims to ameliorate these effects by allowing emitting
plants to continue for a while by buying permits or allowances from other producers whose
emissions are below their allowances — hence «
cap and trade.»
Nine Mid-Atlantic and New England states have agreed to cut power
plant greenhouse gas
emissions across the region by 65 percent by 2030 through the nation's first
cap - and - trade program to reduce carbon contributing to global climate change.
President Obama's plan for national standards to curb power
plant emissions is based, in part, on a
cap and trade type program already existence in New York.
Cuomo is calling for more offshore wind energy projects and new
caps on carbon
emissions from smaller power
plants.
The governor highlighted the Regional Greenhouse Gas Initiative as one of the ways his administration will act, pushing for a more aggressive
cap on carbon dioxide
emissions from power
plants.
Instead, they argue that Australia should base its climate policy on a carbon budget that sets an upper limit on the country's total
emissions between now and 2050, institute a
cap - and - trade scheme, consider closing selected coal - fired power
plants, and ramp up renewable energy.
As a result, the NRDC, the EDF, the Clean Air Task Force and other groups support both a
cap - and - trade scheme to limit CO2
emissions as well as subsidies for the first CCS coal - fired power
plants to be built.
SaskPower decided to retrofit its
plant in part to satisfy Canadian regulations that will
cap emissions from new and old units from 2015.
The RGGI program also might not actually curb
emissions, because power
plants are already emitting less than the proposed
cap — due to take effect on January 1, 2009, and based on projections from 2005 — thanks to slower than anticipated growth in electricity generation.
On Tuesday, the governments of California and six other western states as well as four Canadian provinces proposed a new plan to cut greenhouse gas
emissions by 15 percent below 2005 levels by 2020 using a similar
cap - and - trade market — and would expand such regulations to encompass not just CO2 from power
plants but also cars and trucks as well as other greenhouse gases, such as potent methane.
Also, the Clean Power Plan, proposed by the EPA in June 2014, seeks to
cap carbon dioxide
emissions from power
plants and drive investment in renewable energy.
Those costs could come through taxes on
emissions,
caps on the amounts of
emissions, bans on new coal - fired
plants, or some combination of methods.
This scenario would change if there were a significant tax on carbon
emissions, or if an equivalent economic penalty were imposed on fossil - fueled
plants through a
cap on carbon dioxide (CO2)
emissions or a requirement that CO2 be sequestered.
The take - home messages are that global warming legislation needs to
cap CO2
emissions from power
plants and include strong efficiency standards for building shells and the appliances and heating and cooling equipment inside them.
The ancient Chinese mask - changing dance that I saw here Tuesday night (at a dinner for participants in a meeting on science and sustainable development) came to mind in considering the unraveling of news a few hours earlier of an official Chinese plan for a firm
cap on
emissions of carbon dioxide, hard on the heels of President Obama's proposed carbon pollution rules for existing American power
plants.
As signs grew that the Senate was in no mood to set up a trading system for curbing carbon dioxide
emissions, as I noted how the climate policy debate had circled back lately to the
emissions -
capping plan for power
plants that had been proposed in the 2000 Bush campaign for the presidency, I found myself thinking about the vacuum that's persisted where President Obama should have been on this issue (if he planned to live up to his campaign commitments).
The «
emissions reductions» approach, including
cap - and - trade systems and other economic incentive mechanisms as well as direct regulatory controls, will require power
plants, cars, and many other GHG sources to become more «efficient» by cutting their discharges.
His critics show few signs of ever accommodating the ideas he now presses, which include a prompt moratorium on new coal - burning power
plants until they can capture and store carbon dioxide and a rising tax on fuels contributing greenhouse - gas
emissions, with the revenue passed back directly to citizens, avoiding the complexities of «
cap and trade» bills.
My point is this: In my view, the Times should find out, and convey to the public (in one place and in organized fashion), the views of each and every Congressperson, and person running for Congress, regarding a moratorium on coal - fired power
plants (until their carbon dioxide
emissions can be eliminated), a carbon «
cap - and - auction» or «
cap - and - trade» system, or carbon tax, and related matters having to do with global warming.
[15] According to the press release, the agreement imposes
caps on
emissions of pollutants from 16
plants located in five states.
Yet RGGI hasn't induced a robust enough carbon price to drive down
emissions, primarily because the initial
emissions «
cap» was set 45 % higher than actual
emissions by the covered power
plants and wasn't tightened enough to actually «bind» until four years later.
In June 1989, President George H. W. Bush proposed the use of a
cap - and - trade system to cut by half sulfur dioxide
emissions from coal - fired power
plants and consequent acid rain.
The announcement gives the EPA a legal basis for
capping emissions from major sources such as coal power
plants, as well as cars.
The report finds that under a Paris - compliant
cap for the EU - ETS, carbon prices would need to average $ 45 - $ 55 / tonne for a sustained period to drive coal and lignite power
plants out of the market and keep
emissions in line with the Paris Agreement, which seeks to limit temperature rise well below 2 ˚C of warming versus pre-industrial times.
These policies include
emission trading («
cap & trade»), carbon sequestration from power
plants, and various costly schemes for developing alternative, «green» forms of energy.
Over months of contentious debate, while the Waxman - Markey bill and subsequent Senate action were being considered, millions of Americans were introduced for the first time to the phrase «
cap and trade,» a regulatory approach that first came to prominence in the 1990s as the centerpiece of a national program to address the threat of acid rain by limiting
emissions of sulfur dioxide (SO2), primarily from electric power
plants.
The Regional Greenhouse Gas Initiative (RGGI)
cap and trade program has helped Northeast states reduce power
plant GHG
emissions 40 % over the past eight years.
They should extend RGGI's
emissions cap from 2020 to 2030, adopt targets that ensure power
plants continue to reduce
emissions, and close loopholes that could undermine progress.
The plan announced by states in the RGGI
cap - and - trade system — Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New York, Rhode Island, and Vermont — would further reduce power
plant emissions by 30 percent between 2020 and 2030.
Under Brown, California has sought to scale back dirty power
plants, reduce the number of gas - powered cars on the roads, and cut industrial greenhouse gas
emissions through a
cap - and - trade program that requires businesses to pay to pollute.
The state opted to use a
cap - and - trade program to cut carbon dioxide and other greenhouse gas
emissions from refineries, factories, power
plants and other facilities, an approach CBE and other environmental justice groups strongly oppose.
Under the landmark new rule, Washington businesses such as power
plants, petroleum refiners and manufacturers of metal and cement, which are collectively responsible for two - thirds of carbon pollution in the state, are required to
cap and reduce
emissions starting in 2017.
But, expanding California's
cap - and - trade program to enable polluters to buy REDD credits also harms Californians — overwhelmingly low - income communities and communities of color — those who live near the refineries, power
plants, oil and gas extraction sites and other high -
emission industries that are the main cause of local and global climate disruption
In an agreement announced on Feb. 26, 2007, TXU agreed to cancel 8 of its planned 11 new Texas coal - fired power
plants as well as several new coal - fired
plants in Pennsylvania and Virginia, back federal legislation to create a
cap - and - trade system regulating CO2
emissions, and double spending on energy efficiency.
States can draw from a number of options, including joining or starting a
cap - and - trade program, which sets limits on
emissions, then allows for the purchase and sale of pollution permits; boosting their share of renewable energy in electricity generation; and tightening efficiency standards on
plants and energy users.
Yet the Clean Power Plan takes a fairly new approach to regulating
emissions by including solutions such as
cap - and - trade programs that go far beyond power
plants — the target of the rule.
John Sauven, executive director of Greenpeace, said: «The EU needs to adopt a science - based
cap on
emissions, ditch plans for dirty new coal
plants and nuclear power stations that will give tiny
emission cuts at enormous and dangerous cost, end aviation expansion and ban wasteful products like incandescent lightbulbs.»
But Rep. Henry Waxman (D) of California, who led the fight in the House to pass
cap - and - trade legislation to limit greenhouse gas
emissions — only to see that bill die in the Senate — declared the EPA's proposed carbon pollution standards for new power
plants «a breakthrough.»
Consequently, the research report calls for action: (1) to reform electricity markets so that low cost renewables are dispatched first; (2) to extend robust moratoriums on new coal power
plants; (3) to
cap longer - term coal consumption and
emissions in the power sector in the context of carbon markets.
The rise in
emissions is widely attributed to precious metal mining projects, coal fired power
plants and melting polar ice
caps.
As both the House and the Senate grapple with proposed carbon - cutting measures — carbon taxes and «
cap - and - trade» schemes for big CO2 emitters such as coal - fired power
plants; increased Corporate Average Fuel Economy (CAFE) standards for cars, SUVs, and trucks; and mandatory set - asides for clean renewable energy in the mix of energy generation options —
emissions from aircraft seem, at least for the time being, to have gone over the heads of most policymakers engaged in the rush to cut carbon
emissions.
Massachusetts and nine other Northeast states are part of a landmark pact called the Regional Greenhouse Gas Initiative that is designed to
cap power
plant emissions in 2009 and then gradually reduce them by 10 percent over the next decade.
# 36 Play the market... «In carbon -
emissions trading, the government puts a
cap on how much carbon an industry is allowed to emit from power
plants, factories and cars.
A study from an economic, financial, and strategy consulting group says the Regional Greenhouse Gas Initiative (RGGI), a multi-state program designed to
cap emissions from power
plants in the northeastern U.S., has generated $ 4 billion in net economic activity even as it has increased electricity prices in the region.
The agency will be imposing
emissions caps on new and existing power
plants across the country, which significantly hurts the coal industry.
The program only
caps emissions from electric power
plants.
According to a study last month, power
plants across the RGGI region slashed their
emissions by 23 percent from 2009 to 2011, thanks partly to
cap and trade.