Sentences with phrase «tradable emissions allowances»

Estimates of the value of tradable emissions allowances in the first year range from roughly $ 2.6 billion to $ 7.8 billion, when electricity and industry are covered under the program.

Not exact matches

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.

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.

For the avoidance of doubt, Gross Revenues shall (A) exclude monies received from any source other than the sale of electric energy and capacity, including, without limitation, any of the following: (i) any federal, state, county or local tax benefits, grants or credits or allowances related to, derived from, or granted to the Wind Energy Project or Grantee, including, but not limited to, investment or production tax credits, or property or sales tax exemptions, (ii) proceeds from financing activities, sales, assignments, partial assignments, contracts (other than the power purchase agreement) or other dispositions of or related to the Wind Energy Project (such as damages for breach of contract or liquidated damages for delays in project completion or failures in equipment performance), (iii) amounts received as reimbursements or compensation for wheeling costs or other electricity transmission or delivery costs, and (iv) any proceeds received by Grantee as a result of damage or casualty to the Wind Energy Project, or any portion thereof and (B) include any revenues derived from Grantee's sale of carbon dioxide trading credits, renewable energy credits or certificates, emissions reduction credits, emissions allowances, green tags, tradable renewable credits, or Green - e ® products, any of which are allocated to Grantee, if applicable, through its participation in any voluntary registry, association or market - based exchange.

EPA anticipates that states might want to create tradable allowances for these low - emitting resources, and thus is offering tradable emissions rate credits (ERCs) produced in units of energy.

Companies buy and sell emission allowances (tradable certificates that allow a certain amount of emissions) based on their needs.