Sentences with phrase «surplus permits»

>> > The stability reserve would only take part of the two billion surplus permits out of the system and would not do so fast enough to significantly impact the carbon price.

Carrying over surplus permits from one period to the next

This practice created an overhang of surplus permits that led to a price collapse in 2007.

The internal EU agreement was accompanied by declarations from the bloc's member states and five other nations that they won't buy surplus permits from the current five - year phase, known as the first commitment period, according to an EU official.

The ETS is supposed to provide incentives to companies who pollute less by allowing them to trade surplus permits with other companies.

According to Andreas Löschel of the Centre for European Economic Research in Mannheim, Germany, there are a staggering 1.3 billion surplus permits, equivalent to 1.3 billion tonnes of carbon.

On top of this, there is no guarantee that surplus permits would not re-enter the market in the future.