Sentences with phrase «sells emission permits»

Then the state government awards or sells emission permits to the roughly 360 corporations and other entities that control those sources.

The logic behind carbon pricing — most likely either a tax on fossil fuels or a cap - and - trade system that allows companies to sell emission permits back and forth — is powerful.

So, the argument for carbon trading goes, we should be able to trade the right to emit: firms that cut emissions can profit by selling emissions permits to those that do not.

Companies that emit these gases, mainly when they burn fossil fuels, would be able to buy and sell emissions permits, an approach called «cap - and - trade» that reward those who find cheap ways to control pollution.

This program limits carbon emissions and allows companies that reduce their emissions to profit by selling emissions permits to other companies.

Not exact matches

If a company reduces its emissions below the cap, it can sell excess permits for a profit.

British Columbia and Alberta have already introduced modest carbon taxes; Ontario and Quebec have embryonic cap - and - trade systems that allow polluters to buy and sell a limited number of emissions permits.

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.

Companies that actually cut their emissions will make a profit by selling excess permits.

It could then sell its extra permits to other polluting companies struggling to meet their emissions quota.

Those entities which subsequently can reduce their emissions easily and cheaply would be free to sell their excess permits to those who have more difficulty.

Mr. Barnes says the only approach that guarantees deep cuts in carbon dioxide emissions is to sell a steadily declining number of permits to emit the gas — forcing polluters to pay the full cost of using the shared atmosphere — and returning the revenue to citizens in a streamlined way, as in the Social Security system.

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.

That would give us surplus emission permits to sell to countries like Japan and the UK which will struggle to meet their targets domestically.

If the US cuts emissions more than its cap, then it can sell its extra permits to other countries and make money.

WASHINGTON (Reuters)- Most of the pollution emission permits that industry would need under a climate change bill being negotiated in the U.S. House of Representatives will initially be given to companies, instead of sold to them, Representative Mike Doyle said on Wednesday.

The results have been very positive: 100 percent of permits were sold in their most recent auction, at higher prices than expected, and evidence suggests that the ambitious emission reductions have been compatible with economic growth and have ensuring affordable access to energy.

Ignoring for the moment the demand response, the revenue associated with permits sold at $ 50 / ton in Australia would be about $ 25 billion (given current emissions around 500 million tonnes).

On a larger scale, the EU emissions trading scheme handed large companies vast numbers of permits to emit greenhouse gasses, which they sold on at a profit.

The idea is to provide an economic incentive to reduce the emissions of, say, a given power plant, because then the holder of the permits can sell some of them to improve the bottom line.

Those programs typically put a state cap on emissions but allow utilities to buy and sell permits allowing them to pollute.

Members made a voluntary but legally binding commitment to meet greenhouse gas emission reduction targets either by cutting emissions or by buying emissions permits sold by members.

He's also spoken out against a Democratic bill that passed the House in 2009 that would have limited emissions of greenhouse gases and created a market for pollution permits to be bought and sold.

at # 3 If cerain big polluters have the free permits, they still have the incentive to reduce their carbon emissions so as to make money by selling the permits that they receive.

All emissions permits to be sold to airlines at auction rather than given out for free; A multiplier of at least two, to be used to compensate for the additional impacts of emissions from aircraft at altitude;

This is the beauty of cap and trade: the amount of emissions is clear and unambiguous (the size of the cap), and polluters who find it cheapest to cut back emissions do so, selling permits to those who have a harder time reducing emissions.

They allow traders to package emissions permits into complex financial products and sell them in bundles — much like they did with subprime mortgages.

The mechanism in widest use is emissions trading, where companies or countries buy and sell permits to pollute.

When ever an existing company increases or decreases their carbon emissions, or someone starts a new business, they will need to either buy or sell carbon permits and it will be the brokers who will earn all the profits.