The authors, abandoning efforts to have a single economy - wide mechanism for
trading pollution credits, have separate sets of carrots and sticks for utilities, transportation and manufacturing.
To date, most firms that have taken advantage of the concept and
offered pollution credits have been municipal wastewater - treatment systems.
It would set overall limits on carbon dioxide pollution, but would allow companies to pollute more by paying for it and buying
pollution credits from cleaner companies.
Yesterday, Senator Richard Lugar, a moderate Republican from Indiana, proposed breaking the impasse with the Lugar Practical Energy and Climate Plan, which lacks the most contentious element, an emissions cap and trading system
for pollution credits.
Known as the Regional Greenhouse Gas Initiative, or Reggie - New York and eight other states participate in a cap and trade program to buy and
sell pollution credits, with the aim of lowering power plant emissions.
If the effects of the European emissions trading scheme (ETS)- which gives
industries pollution credits to use or sell - are included, this reduction would be 23.6 per cent.
Joseph Percoco allegedly tried to help the company get a power purchase agreement from the state to help with financing of the project, and pushed later for an agreement to help the company use New
York pollution credits in developing a New Jersey plant.
Cuomo administration officials have said the funding diversion comes from an increase in the RGGI income
because pollution credits earned more money.
Even at that price it is the
California pollution credits that Tesla sells to other automakers there that boosted the company into profitability for the first time in its decade long existence this year.
if it were the former, it would seem both more fair and would most likely lead to a redistribution of wealth as capital flowed south (so to speak) and
pollution credits flowed north.
The main focus for years has been on a climate bill or climate treaty that would cap emissions and cut the cost with trading of
pollution credits so the cuts could be made by companies or countries that could do the job most cheaply.
Since then, a consensus has emerged that this «colossal blunder» can not be repeated — but exactly how to protect the forests has continued to be disputed, with some groups favoring a pure government funding approach and others backing an approach that would give
emitters pollution credits for investing in successful forest conservation.
And utilities would be given trillions in
free pollution credits even while raising energy prices for consumers.
To raise the cost of carbon, we can take either an indirect approach — creating a cap - and - trade system
of pollution credits — or a direct approach: charging a fee for greenhouse gas pollutants.
So you get the odd spectacle of Smith going before the Senate to denounce cap - and - trade — the widely endorsed idea that the Government should set a national ceiling on carbon emissions and then allow companies to buy and
sell pollution credits — on populist grounds.
EPA determined that the combination of using of smokestack controls and
pollution credits from shifting generation among plants makes up a well - demonstrated system of emission reduction, one that is widely used by the power industry both to meet internal targets and prior federal and state regulations.
Betsy Taylor, the head of a coalition of groups called 1Sky, said the bill's emissions targets were too weak and its provisions for creating a big market
for pollution credits would have allowed some industries to prosper while citizens got hit with higher energy bills.
A coalition of 11 states filed suit against the U.S. EPA in federal court yesterday, charging that the agency's recently issued mercury emissions rules, which establish a «cap and trade» system whereby coal - fired power plants can
trade pollution credits, pose an unacceptable threat to public health.
I will require
all pollution credits to be auctioned.
The Europeans cheated awarding
themselves pollution credits.
I think a term closer to what I had in mind might be «environmental use» rights, rather than «
pollution credits».
So for those of you that are slamming the U.S. and Liechetenstein for not signing it get rid of
the pollution credits and make China and India sign and then maybe the two countries will sign it.
In the United States, the current carbon market at the Chicago Climate Exchange buys offsets or «
pollution credits» as some have called them.
The agency will go through a comment period for its two proposed strategies: either assign a cap on emissions and allow for the trading of
pollution credits or require a state to meet an average emissions rate across its electricity fleet.
Four refineries — three of them next to Wilmington — bought most of
the pollution credits, which let them off the hook for installing pollution control equipment and created a hot spot, according to a 1999 report.
Legislation to use
the pollution credits approach to curb global warming passed the Democratic - controlled House in 2009, with the support of Obama.
State officials scanned the horizon for innovations and experimented with
a pollution credit trading program with the Netherlands.
(It was a more streamlined bill that limited pollution from big «upstream» energy companies — think coal mining and oil production — and didn't allow a freewheeling market in carbon -
pollution credits.)
Unless Calpine can find a source of
pollution credits it can purchase, the project appears to be a non-starter.