First Climate can support you in this area; from the analysis of your baseline to the delivery of
the required emission allowances.
(B) provisions to
require emission allowances or offset credits to be held in amounts to fully compensate for greenhouse gas emissions attributable to reversals, and to assign responsibility for holding such emission allowances; and
Requires emission allowances to the states» SEED accounts to support the implementation through state REEP programs of alternative means of creating incentives for, or reducing financial barriers to, improved energy and environmental performance in buildings.
Not exact matches
The industries can generate cash by selling unused carbon
allowances for profit if they reduce
emissions more than
required.
The ability to demonstrate compliance with offset credits shall be divided pro rata among covered entities by allowing each covered entity to satisfy a percentage of the number of
allowances required to be held under subsection (b) to demonstrate compliance by holding 1 domestic offset credit or 1.25 international offset credits in lieu of an
emission allowance, except as provided in subparagraph (D).
-- Where carbon dioxide (or another greenhouse gas) generated by a covered entity is used as an input in the production of algae - based fuels, the Administrator shall ensure that
emission allowances are
required to be held either for the carbon dioxide generated by a covered entity that is used to grow the algae or for the portion of the carbon dioxide emitted from combustion of the fuel produced from such algae that is attributable to carbon dioxide generated by a covered entity, but not for both.
«(B) attributable to the combustion or gasification of biomass, to the extent that the owner or operator of the unit is not
required to hold
emission allowances for such
emissions.
Transport
emissions would be tackled by
requiring refineries and importers of petroleum to hold
allowances for each ton of carbon dioxide that would be emitted in the combustion of their products.
In the case of a cap - and - trade program, they might take the form of a requirement that importers obtain
allowances for those
emissions and that domestic manufacturers receive a rebate of the
allowances required for their products that are exported.
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.
Subtitle D: State Energy and Environment Development Accounts -(Sec. 131)
Requires the EPA Administrator to establish a program under which a state, through its State Energy Office or other state agency, may operate a State Energy and Environment Development (SEED) account to serve as a common state - level repository for managing
emission allowances provided to states designated for renewable energy and energy efficiency purposes.
Allows a covered entity to satisfy a percentage of the number of
allowances required to be held to demonstrate compliance by holding 1 domestic offset credit or 1.25 international offset credits in lieu of an
emission allowance.
(Sec. 115) Amends the CAA to
require the EPA Administrator to promulgate regulations providing for the distribution of
emission allowances (established by this Act) that are allocated to support the commercial deployment of carbon capture and sequestration technologies in electric power generation and industrial operations.
And President Barack Obama has called for a national cap - and - trade system that would set greenhouse - gas
emission limits for many businesses and
require those that exceeded them to buy
allowances from others that haven't (see Chu's Wish List: Cap - and - Trade and Cheaper Solar).
Requires the President to: (1) report to Congress, by January 1, 2017, and biannually thereafter, on the effectiveness of the distribution of
emission allowance rebates in mitigating carbon leakage in eligible industrial sectors: (2) establish, if there is no multilateral agreement on reducing GHGs in force by January 1, 2018, an international reserve
allowance program for each eligible industrial sector unless the President determines and the Congress concurs that the program, or inclusion of a sector within that program, would not be in the nation's economic or environmental interests.
Requires the EPA Administrator to: (1) establish a strategic reserve account of a specified amount of
emission allowances; (2) auction strategic reserve
allowances quarterly.
(Sec. 446)
Requires the President to: (1) designate the Secretary of the Treasury to distribute
emission allowances to the Global Environment Facility; and (2) report to specified congressional committees on assistance provided under this subtitle.
Requires the Comptroller General to report to Congress on the results of a review of programs administered by the federal government that distribute
emission allowances or funds from any federal auction of
allowances.
Requires the EPA Administrator to promulgate regulations establishing a program to use
emission allowances set aside to reduce GHG
emissions from deforestation in developing countries, with the objectives to: (1) achieve 720 million tons of reductions in 2020 and a cumulative
emission reduction of 6 billion tons by 2025, (2) build institutional capacities in developing nations; and (3) preserve intact, native forests.
Requires the EPA Administrator to issue regulations allowing: (1) any person to exchange instruments in the nature of offset credits issued before January 1, 2009, by an approved state or a voluntary offset program for
emission allowances; and (2) the EPA Administrator to provide compensation in the form of
emission allowances for other documented early reductions or avoidance of GHG
emissions or GHGs sequestered before January 1, 2009, that meet specific conditions.
(Sec. 480)
Requires 100 % of
emission allowances made available for this subpart to be provided to states for natural resource adaptation activities under such state plans.
Requires the EPA Administrator to: (1) use the proceeds to purchase international offset credits issued for reduced deforestation activities; (2) retire those credits and establish a number of
emission allowances equal to 80 % of the number of international offset credits retired; and (3) deposit such
allowances in the Reserve.
Requires auctions to have a minimum reserve price, which in: (1) 2012 will be $ 28 per
allowance; (2) 2013 and 2014 will be the minimum strategic reserve auction price for the previous year increased by 5 % plus the rate of inflation; and (3) 2015 and thereafter will be 60 % above a rolling 36 - month average of the daily closing price for that year's
emission allowance vintage as reported on registered carbon trading facilities.
Requires the Secretary of Agriculture to establish a program to provide incentives in the form of
emission allowances for activities undertaken in the agriculture sector that reduce GHG
emissions or sequester carbon, including activities that prevent conversion of land that would increase
emissions.
Since 2005, the trade bloc has operated the world's only continentwide system that puts a cap on greenhouse gas
emissions and that
requires major polluters to hold tradable
allowances.
«(B) attributable to the combustion or gasification of biomass, to the extent that the owner or operator of the unit is not
required to hold
emission allowances for such
emissions.
For purposes of this section, the term «cap and trade program» means a system of greenhouse gas regulation under which a State or political subdivision issues a limited number of tradable instruments in the nature of
emission allowances and
requires that sources within its jurisdiction surrender such tradeable instruments for each unit of greenhouse gases emitted during a compliance period.
But it's not clear what that exactly means — whether businesses will have to immediately start buying carbon
allowances to cover their
emissions, or some lesser form of regulation, like
requiring companies to report their
emissions.
-- Where carbon dioxide (or another greenhouse gas) generated by a covered entity is used as an input in the production of algae - based fuels, the Administrator shall ensure that
emission allowances are
required to be held either for the carbon dioxide generated by a covered entity that is used to grow the algae or for the portion of the carbon dioxide emitted from combustion of the fuel produced from such algae that is attributable to carbon dioxide generated by a covered entity, but not for both.
Beginning in 2013, the state's largest sources of GHG
emissions will be
required to reduce greenhouse gas
emissions or purchase
allowances or offsets if they can not.
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.
Every source of
emissions subject to the cap (for example, power plants or refineries) would be
required to hold
allowances equal to the
emissions they produce.
This means that the EU would not
require allowances to be surrendered in April 2013 for
emissions from such flights during the whole of 2012.