Sentences with phrase «purchase emission permit»

Through carbon trade, countries with higher carbon emissions could purchase emission permit from those with lower emissions or even negative emissions.

A regular criticism of Emissions trading (that I have heard) is that it constitutes a «privatisation of the atmosphere» i.e. purchasing an emissions permit is effectively purchasing a chunk of air into which you can dump your carbon pollution.

Not exact matches

The contentious part of ETS would require airlines to purchase permits should they exceed predetermined annual emissions quotas.

Launched in 2003, it relies on companies such as Cargill, DuPont, Intel, Ford and Monsanto to make legally binding but voluntary commitments to meet emissions targets either by reducing emissions from their factories or by purchasing permits from other members of the exchange who have exceeded their targets.

Tusk said Sarkozy and the EU Commission agreed to extend a period limiting mandatory purchases of carbon emissions permits for east European coal plants.

The changes will keep the provision for unlimited outsourcing of Australia's national responsibilities by allowing the purchase of permits from overseas without limit, so that the scheme has no mechanism for ensuring that Australia's emissions (as opposed to domestic permits) will drop by even one tonne by 2050.

But western European nations, especially France, wanted to see the U.S. make painful cuts in its use of energy rather than permit the purchase of unused emission permits from Russia.

Instead of curbing their own emissions, companies were permitted to purchase credits.

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.

If emissions exceed what is permitted by a country's allowances, an installation must purchase allowances from others.

In this case, low prices mean that firms are not exceeding their emissions allowances under the cap - and - trade scheme, and so do not need to purchase additional permits.

Or, a portion of the tax revenues could be devoted to purchasing GHG emissions permits on the international market.

So good idea in theory, but hard to see how purchasing excess permits will lead to reduced GHG emissions.

Any shortfall between actual emissions and the target will have to be made up through international purchases of permits, including directly through businesses.