Sentences with phrase «tradable emissions permits»
What has caught on instead is a variant that most economists consider more or less equivalent: a system of tradable emissions permits, a k a cap and trade.
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McCain has cosponsored a bill, so far rejected by his colleagues, that would set up a national system of tradable emissions permits for greenhouse gases and would require U.S. emissions in 2010 to be no more than in 2000 — not quite Kyoto, which sets the levels 7 percent below 1990 — but a start.
Ensure that the tradable emission permits under Governor Pataki's proposed regional carbon cap are auctioned rather than given away with the proceeds used to mitigate negative distributional effects on low and moderate income households and to serve other economically and socially important purposes.
But Borenstein noted that policymakers are considering a far lower price — $ 20 per ton of greenhouse gases — as the maximum that industry could be charged in proposed tradable emissions permit programs.
Any attempts to bribe poorer nations into buying insurance (aka tradable emission permits) involves contracts that can't be enforced in the long run.
Emission fees or caps on total pollution, potentially with tradable emission permits, are examples of ways we could use to help remove this barrier.
Not exact matches
Presidential contenders John McCain and Barack Obama have committed to early enactment of mandatory, economy - wide restrictions on emissions, implemented through tradable permits and designed to reduce emissions by 60 to 80 percent below 1990 levels by 2050.
Under a cap, government sets a limit on total carbon emissions and issues tradable permits up to the limit.
The major industrial emitters could be required (or induced through taxation for tradable permits) to capture their CO2 emissions or to convert part of their processes to run on power cells and clean electricity.
The party opposes «any and all cap and trade legislation» that would create a system of tradable pollution permits designed to reduce industrial emissions of warming gases such as carbon dioxide.
Economists often talk as though putting a price on carbon emissions through tradable permits or a carbon tax will be enough to deliver the needed reductions in those emissions.
In the 1980s, tradable - permit systems were used to accomplish the phasedown of lead in gasoline -(at a savings of about $ 250 million per year), and to facilitate the phaseout of ozone - depleting chloroflourocarbons (CFCs); and in the 1990's, tradable permits were used to implement stricter air pollution controls in the Los Angeles metropolitan region, and — most important of all — a cap - and - trade system was adopted to reduce sulfur dioxide (SO2) emissions and consequent acid rain by 50 percent under the Clean Air Act amendments of 1990 (saving about $ 1 billion per year in abatement costs).
Emission permit - An emission permit is a non-transferable or tradable entitlement allocated by a government to a legal entity (company or other emitter) to emit a specified amount of a substance.
A tradable permit is an economic policy instrument under which rights to discharge pollution - in this case an amount of heat - trapping gas (greenhouse gas) emissions - can be exchanged through either a free or a controlled permit - market.
Springer, U. and M. Varilek, 2004: Estimating the price of tradable permits for greenhouse gas emissions in 2008 - 12.
Tradable permits are linked to emitters, who have to be controlled administratively as direct emission measurement is hardly ever possible.
Market - based regulation - Regulatory approaches using price mechanisms (e.g., taxes and auctioned tradable permits), among other instruments, to reduce heat - trapping gas (greenhouse gas) emissions.
Comprehensive tradable permits would allow countries to meet their emissions reduction commitments by reducing emissions or increasing sinks for GHGs in either their own country or in other countries.
If you seriously believe in markets, you should believe that given the right incentives — namely, putting a price on emissions, through either a tax or a tradable permit scheme — the economy will find lots of ways to emit less.
Starting in 2012, the agency implemented a statewide cap - and - trade system that imposed a ceiling on greenhouse - gas emissions across key sectors and then distributed a fixed number of tradable pollution permits to businesses.