Sentences with phrase «surplus of allowances»

The surplus of allowances is largely due to the economic crisis (which reduced emissions more than anticipated) and high imports of international credits.

We believe that the sector as a whole will slowly become more forward - looking to adequately prepare for the time when its surplus of allowances will run dry.

¬ 6 and the IEA says those higher prices «are unlikely to materialise» unless reforms deal with the huge current surplus of allowances.

By the end of 2016 there was a 1.7 billion tonne surplus of allowances in the market [2]-- almost the same as the 1.75 billion tonnes of annual emissions covered by the scheme.

Because of a surplus of allowances obtained via auction during the initial years of RGGI, the value of these allowances remained close to the program's price floor of $ 1.93 / ton of CO2 allowed in each quarterly auction.

Not exact matches

Choosing not to do so would mean that the EU can make use of the surplus allowances to fulfil its post 2020 action, which means that actual reductions will not be as great.

The cause of the problems plaguing the European market is the presence of a two - gigaton surplus of emissions allowances.

The surplus has created a problematic decline in the price of emissions allowances, which dropped as low as $ 2.81 in April 2013.

Impact of the Doha outcome on surplus emission allowances and their effect on developed country emissions

The world's most developed carbon market, the EU Emissions Trading Scheme (EU ETS), still bedeviled by massive oversupply of allowances, was the focus of attention throughout the year as legislators debated ways of cutting the surplus, both through the temporary fix of «backloading» and long - term structural measures.

The surplus amounted to around 2 billion allowances at the start of phase 3 and increased further to more than 2.1 billion in 2013.

As shown in Figure 2, our projections indicate that the MSR, operating at an initial injection rate of 24 %, will slash the EU - ETS surplus for fixed installations — technically known as the Total Number of Allowances in Circulation (TNAC)-- from 1,776 m to 496m over 2019 - 23, a drop of 1,270 m (70 %)(Figure 2).

«At the start of phase 3 [Jan 1, 2013], we see a surplus of almost two billion allowances.

They include a clear commitment to increase the 40 % target in case of linking the EU's emissions trading system (EU ETS) with other carbon markets, the way land use emissions are accounted for and the threat the existing surplus of emission allowances pose on the 2030 climate target.

In particular, when the allowances are allocated directly to affected sources in a traditional cap and trade program the allowance bank is either allowances held by affected sources for compliance obligations or those deemed surplus by compliance entities because of investments in controls to meet their compliance obligations under the cap.