Sentences with phrase «trade allowances program»

This is truly unprecedented in any cap and trade allowance program so we do not know how the market will react.

Not exact matches

«We are considering expanding the existing pilot programs into surrounding areas and link up those regional carbon markets; if that fails, the central government will then design a nationwide emissions trading scheme and allocate allowances to each region,» said Xu, the government official involved in the national carbon market buildup.

The cap - and - trade program has been selling carbon allowances since 2012 under California's economywide ceiling on 1990 emissions levels by 2020.

This argument is especially galling to EPA's supporters, because under President George W. Bush's administration, when Holmstead himself was an EPA official in charge of air pollution programs, the agency tried to regulate mercury pollution using a similarly flexible system of pollution allowance trading.

Establishing industrial energy efficiency program funding at 0.25 % of emissions allowances until 2030; and the establishment of a Revolving Loan Fund with 1/3 of the Energy - Intensive, Trade - Exposed Industries (EITE) allocations.

Unlike existing cap - and - trade program designs, a «pre-pay» system has no need for setting rules about allocating emission allowances, banking / borrowing of allowances, and the use of offsets.

In the case of a cap - and - trade program, they might take the form of a requirement that importers obtain allowances for those emissions and that domestic manufacturers receive a rebate of the allowances required for their products that are exported.

In the course of this review, the idea of an emissions containment reserve (ECR) mechanism has been proposed to address a common issue confronting cap - and - trade programs worldwide: the prices for emissions allowances tend to be significantly lower than program designers anticipate in advance, making mid-course corrections necessary for it to perform as intended.

In addition, the RGGI cap and auction CO2 allowance program is different than a traditional cap and trade program for SO2 or NOx.

Arbitrarily adjusting the allowance bank because it is «too» big is unusual for cap and trade programs.

Also known as the Acid Rain Program and the SO2 allowance - trading system, Title IV represented the first large - scale application of cap and trade to control pollution — in the United States or any other country.

The George H. W. Bush Administration, which proposed the SO2 allowance trading program and then championed it through an initially resistant Democratic Congress, was (at least in its first two years) «moderate Republican;» and phrases such as «fiscally responsible environmental protection» and «harnessing market forces to protect the environment» do have the sound of quintessential moderate Republican issues.

To make up for the missed revenue from the taxes and fire prevention fees, as well as to pay for offsets to counteract additional allowances put on the market if the carbon price hits its upper bound, money will be taken from the cap - and - trade program's revenue, effectively decreasing the amount of discretionary funds remaining for local environmental investments and other greenhouse gas reduction projects.

Many existing mass - based trading programs, including the Regional Greenhouse Gas Initiative in the Northeast, use an auction process to distribute allowances.

If these conditions are met, a state can link with the federal trading program and units in that state can use allowances from any other state that is under the federal plan or similarly linked to it.

The number of allowances made available each year under a mass - based trading program must equal the state's aggregate emission limit, which is set by EPA, and every generator subject to the Clean Power Plan must surrender allowances equal to the quantity of CO2 it emits during the compliance period.

One simple, straightforward way states can broaden the scope of their interstate allowance trading program is to adopt EPA's model rule and link to the federal mass - based trading plan.

Early action allowances can be banked for future use and traded freely among states with compatible trading programs.

EPA has designed its model mass - based trading program to use a free - allocation method of distributing allowances.

Limits the trading of allowances with facilities other than electricity generating facilities to certain carbon dioxide emission control programs.

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.

Directs the Administrator of the Environmental Protection Agency (EPA) to establish trading programs for nitrogen oxide and mercury allowances.

Permits the trading of allowances under any U.S. or internationally recognized carbon dioxide reduction program.

NRDC offsets all carbon emissions annually by purchasing carbon allowances through the California Cap - and - Trade Program and by directly supporting the creation of renewable energy projects.

Analysis that supported the design of Ontario's cap and trade program, for example, found that linked allowance trade reduced the cost of Ontario achieving its climate targets alone from $ 157 per tonne of carbon dioxide to just $ 20 per tonne with linked carbon trade.

-- The term «cap - and - trade program» means an economy - wide program enacted by Congress under which greenhouse gas emission allowances are distributed or auctioned to control those emissions under the Clean Air Act (42 U.S.C. 7401 et seq.).

For instance, some environmentalists have been outlining a proposal for a cap - and - trade program that offers special allowances to automakers that would help fund the industry's technological advances.

State Representatives Barry, Moore, and Notter introduced a bill on January 7, 2015 that would end the state's participation in the cap - and - trade program, which requires power plants in nine participating states to purchase an «allowance» for each ton of carbon dioxide emitted.

On the mitigation side, the state's cap and trade program creates emission allowances and a pot of money that can be used to to fund additional actions, whether it's public transit or other things to reduce emissions.

Be warned: cap - and - trade programs that give the allowances away for free have no money to spend.

Each state is responsible for establishing its own trading program, issuing allowances, and staging auctions to distribute the allowances; regulated utilities can then use allowances from any of the 10 states to meet their CO2 limits.

Directs the Administrator to: (1) establish a carbon dioxide allowance trading program; (2) promulgate regulations relating to offsets produced by agricultural sequestration practices; (3) establish a reserve of carbon dioxide allowances to be allocated to new affected units and to a clean coal technology reserve; and (4) allocate a specified amount of carbon dioxide allowances to certain units; and (5) promulgate regulations that provide for the issuance, certification, and use of offset allowances (and early reduction allowances) for greenhouse gas reduction or sequestration projects.

Authorizes the use and transfer of allowances in other carbon dioxide allowance trading programs that are approved by the Administrator for the use of the allowances.

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.

There is a difference in the Regional Greenhouse Gas Initiative (RGGI) cap and auction program relative to a cap and trade program that allocates all allowances to affected sources or compliance entities.

I have been involved in cap and trade compliance programs since 1993 and I can safely say that environmental staff in electric generating companies are universally opposed to assuming that allowances will be available.

The potential overallocation of the program has contributed to the low cost of carbon relative to allowances under the European Emissions Trading Scheme (trading US$ 35.16 / ton for EUA ’09 as of 29 September.)Trading Scheme (trading US$ 35.16 / ton for EUA ’09 as of 29 September.)trading US$ 35.16 / ton for EUA ’09 as of 29 September.)»