Sentences with phrase «trade emissions permits»

Then on Tuesday night, hours before the summit was due to end, the US announced the formation of a «carbon club» consisting of itself, Canada, Japan and Russia, to trade emissions permits among themselves.

Not exact matches

The logic behind carbon pricing — most likely either a tax on fossil fuels or a cap - and - trade system that allows companies to sell emission permits back and forth — is powerful.

One recommendation by the alliance takes aim at Ontario government energy policy that could also double as climate policy, as the province has curtailed greenhouse gas emissions coming from the electricity sector by closing coal - fired power plants, invested in costly solar and wind energy projects, and instituted a cap - and - trade system that requires businesses to buy permits to cover their carbon emissions.

The bill aims to ameliorate these effects by allowing emitting plants to continue for a while by buying permits or allowances from other producers whose emissions are below their allowances — hence «cap and trade.»

The system will work better if markets link up to trade internationally — greater competition for permits should add to the incentive to cut emissions.

So, the argument for carbon trading goes, we should be able to trade the right to emit: firms that cut emissions can profit by selling emissions permits to those that do not.

Such optimization is critical as ETS considers revising its permitting process, and more emissions trading markets worldwide adopt similar exemption rules.

British Columbia and Alberta have already introduced modest carbon taxes; Ontario and Quebec have embryonic cap - and - trade systems that allow polluters to buy and sell a limited number of emissions permits.

Moreover, if the cap - and - trade system is bringing in revenue, that means by definition that there has to be a significant initial auctioning off of the emissions permits.

Instead of regulating carbon at the many smokestacks where emissions occur, the group recommends regulating by cap - and - trade permits directed «upstream» at the wellheads, mine mouths, and import points where oil, coal, and natural gas enter the economy.

At a summer 2006 hearing of the U.S. Senate to discuss the design of a potential emissions trading system, several American utilities urged that auctions, if used at all, should be limited to just five to 15 percent of total permits.

SACRAMENTO — Only two weeks after California voters turned back an effort to suspend the state's program to combat climate change, a cap - and - trade market for greenhouse gas emissions saw its first trade, a swap of a climate - change pollution permit for 2012.

They accepted - despite advice from energy analysts that trading would permit the US and Japan to raise their domestic emissions by between 12 and 16 per cent above any national targets.

Those that reduce emissions below the cap can sell their excess permits to those sources that fail to meet the targets — the trade part of the market — resulting in an overall reduction of pollution at the lowest economic cost, in theory.

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.

Courses: Economics: IB, A-level, AS - level, GCSE, International GCSE Ages: 16 + Topics: Common Access Resources / externalities / Emissions trading / cap and trade / pollution permits

As for caps on carbon dioxide, both Senator Barack Obama and Senator John McCain support having a cap on emissions and a trading system for permits to pollute under the descending ceiling.

Companies that emit these gases, mainly when they burn fossil fuels, would be able to buy and sell emissions permits, an approach called «cap - and - trade» that reward those who find cheap ways to control pollution.

The bill would set up a cap - and - trade system to achieve the emissions targets, allowing industry and other entities to buy and sell permits within an overall emissions ceiling.

For example, nine states in the Northeast, as part of a regional cap - and - trade program that sets overall limits on carbon and then allows states to trade permits to pollute, have committed to cut emissions by 45 percent during the next year and by another 2.5 percent a year after that until 2020.

A glowing report on Canada's efforts does not mention that Canada formally withdrew from the Kyoto Protocol late last year, and a reference to South Korea's emissions trading scheme, due to start in 2015, does not say that 90 per cent of the scheme's permits will initially be issued for free.

The use of cap - and - trade systems with marketable permits has been effective at the national level, ranging from restricting the catch in an Australian fishery to reducing sulfur emissions in the United States.

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).

Rehdanz, K. ja Tol, R. S. J. (2005), Unilateral regulation of bilateral trade in greenhouse gas emission permits, Ecological Economics, 54: 397416.

C40 Cities Climate Leadership Group, 12 California, 7, 68, 102, 128, 169 - 170, 187, 196, 232 - 234, 245 California Energy Commission, 232 Cambridge Media Environment Programme (CMEP), 167 - 168 Cambridge University, 102 Cameron, David, 11, 24, 218 Cameroon, 25 Campbell, Philip, 165 Canada, 22, 32, 64, 111, 115, 130, 134, 137, 156 - 157, 166, 169, 177, 211, 222, 224 - 226, 230, 236, 243 Canadian Meteorological and Oceanographic Society (CMOS), 15 Cap - and - trade, 20, 28, 40 - 41, 44, 170, 175 allowances (permits), 41 - 42, 176, 243 Capitalism, 34 - 35, 45 Capps, Lois, 135 Car (see vehicle) Carbon, 98, 130 Carbon Capture and Storage (CCS), 192 Carbon Capture and Storage Association, 164 Carbon credits (offsets), 28 - 29, 42 - 43, 45 Carbon Cycle, 80 - 82 Carbon dioxide (CO2), 9, 18, 23, 49 - 51, 53, 55, 66 - 67, 72 - 89, 91, 98 - 99, 110, 112, 115, 118, 128 - 132, 137, 139, 141 - 144, 152, 240 emissions, 12, 18 - 25, 28 - 30, 32 - 33, 36 - 38, 41 - 44, 47, 49, 53, 55, 71 - 72, 74, 77 - 78, 81 - 82, 108 - 109, 115, 132, 139, 169, 186, 199 - 201, 203 - 204, 209 - 211, 214, 217, 219, 224, 230 - 231, 238, 241, 243 - 244 Carbon Dioxide Analysis Center, 19 Carbon Expo, 42 Carbon, footprint, 3, 13, 29, 35, 41, 45, 110, 132 tax, 20, 44, 170 trading, 13, 20, 40, 43, 44, 176, 182 Carbon monoxide (CO), 120 Carbon Reduction Commitment (CRC), 44 Carlin, George, 17 Carter, Bob, 63 Carter, Jimmy, 186, 188 Cato Institute, 179 CBS, 141, 146 Center for Disease Control, 174 Center for the Study of Carbon Dioxide and Global Change, 62, 139 Centre for Policy Studies, 219 CERN (European Organization for Nuclear Research), 96 Chavez, Hugo, 34 Chicago Tribune, 146 China, 29, 32 - 33, 60 - 62, 120, 169, 176, 187 - 188, 211, 216, 225 - 226, 242 - 243 China's National Population and Planning Commission, 33 Chinese Academy of Sciences, 60 Chirac, Jacques, 36 Chlorofluorocarbons, 42 - 43, 50 Choi, Yong - Sang, 88 Christy, John, 105 Churchill, Winston, 214, 220 Chu, Steven, 187 Citibank (Citigroup), 40, 176 Clean Air Act, 85, 128 - 129 Clean Development Mechanism, 42 Climate Action Partnership, 14 Climate alarm, 4, 13, 21, 32, 35, 38, 56, 102 - 103, 115 - 117, 120, 137, 156, 168, 173, 182 Climate Audit, 66 Climate change, adaptation, 39, 110, 112 mitigation, 16, 39, 110 Climate Change and the Failure of Democracy, 34 Climate Change: Picturing the Science, 121 Climate Change Reconsidered, 242 Climate conference, 38 Cancun, 18, 29, 36 - 37, 124 - 125, 242 Copenhagen, 33, 36, 109, 125, 156, 158, 175, 241 - 242 Durban, 13, 36 - 37, 166, 242 - 243 Climategate, 2, 67, 152, 158 - 170, 180, 182, 242 Climate Protection Agreement, 12 Climate Research Unit (CRU), 48, 67, 120, 147, 152 - 153, 158 - 160, 162 - 163, 165 - 167, 169 Climate Science Register, 142 Climatism, definition, 2, 7 Clinton, Bill, 176, 178 Clinton Global Initiative, 176 CLOUD project, 96 Club of Rome, 21, 186 CO2Science, 59, 61 - 62, 66, 131 Coal, 19 - 20, 39 - 41, 80, 126, 128 - 129, 175, 185 - 186, 188 - 190, 192 - 196, 199 - 201, 209, 214, 217, 219, 222, 229 Coase, Ronald, 145 Coca - Cola, 138 Cogley, Graham, 156 Cohen, David, 220 Colorado State University, 117, 181 Columbia University, 7 Columbus, Christopher, 58 Computer models, 16, 51 - 53, 56, 67, 72, 74,77 - 79, 82, 87, 89 - 91, 94, 105, 110 - 111, 120, 124, 138 - 140, 168, 171,173, 181, 238, 240, 246 Conference on the Changing Atmosphere, 15 Consensus, scientific, 12 Copenhagen Business School, 134 Coral, 53 Corporate Average Fuel Economy, 22 - 23 Cosmic Rays, 72, 93 - 99, 180 Credit Suisse, 176 Crow, Cheryl, 30 Crowley, Tom, 167 Cuadrilla Resources, 224 - 225 Curry, Judith, 164, 167 Cycles, natural, 3, 16, 57, 62 - 63, 66 - 69, 72, 80, 99, 103, 138, 238, 240 Milankovich, 62, 67, 80 Cyprus, 134 Czech Republic, 12, 37

Had Europe compromised and permitted emission trading, as requested by the U.S., an agreement might have been possible.

The French had a point: the emission trading scheme, while it would have allowed the U.S. to sign on, was really a cop - out, since buying unused permits from Russia would mean that overall emissions to the atmosphere would not actually be reduced at all.

Through carbon trade, countries with higher carbon emissions could purchase emission permit from those with lower emissions or even negative emissions.

On a larger scale, the EU emissions trading scheme handed large companies vast numbers of permits to emit greenhouse gasses, which they sold on at a profit.

States can draw from a number of options, including joining or starting a cap - and - trade program, which sets limits on emissions, then allows for the purchase and sale of pollution permits; boosting their share of renewable energy in electricity generation; and tightening efficiency standards on plants and energy users.

To expand emissions permit trading opportunities among companies, Ontario plans to link its system to those that already exist in Quebec and California.

The study, by carbon trading thinktank Sandbag, found that a huge oversupply of carbon pollution permits means many are being banked to enable emissions after 2020, when efforts to tackle global warming should be intensifying.

I watched Penny Wong on the 7:30 report defending the government's emissions trading scheme against the criticism, made here and elsewhere, that initiatives such as the government's home insulation scheme will have no effect except to reduce the price of permits and therefore the costs faced by large emitters.

A CAT country could, if it wished, introduce procedures whereby additional emission permits could be issued if the trading price of permits exceeded the agreed carbon charge by a significant amount for a significant period of time.

With resurgent debate over the relative merits of carbon taxes and emissions trading, attention has turned again to Europe where the market price of emissions permits has fallen sharply as a result of the financial crisis and recession.

The proposed cap and trade system for carbon emission permits bears many of the same hallmarks as fiat currencies, and the same groups stand to benefit.

Cap and trade with carbon emission permits is the new game in town... the new way to suck more blood out of us.

A regular criticism of Emissions trading (that I have heard) is that it constitutes a «privatisation of the atmosphere» i.e. purchasing an emissions permit is effectively purchasing a chunk of air into which you can dump your carbon pEmissions trading (that I have heard) is that it constitutes a «privatisation of the atmosphere» i.e. purchasing an emissions permit is effectively purchasing a chunk of air into which you can dump your carbon pemissions permit is effectively purchasing a chunk of air into which you can dump your carbon pollution.

If you choose an emissions trading scheme such that permits trade at (roughly) $ 30 / tonne, you'll get (roughly) the same outcome, assuming that the emissions intensity of generation is initially about 1 tonne / MWh.

What will be the impact on Australia if we introduce a an emissions permit system ahead of our trading partners and the worlds major sources of greenhouse gasses?

He wants to give out many emission permits free to energy - intensive industries and to the local distribution companies (LDCs) that funnel electricity to users, rather than auctioning the permits off, and he wants permit giveaways to the industrial sector to continue throughout the whole length of the cap - and - trade program, rather than be phased out.

Enron had banked on trading permits for carbon dioxide emissions, which would have been based upon the existing permit system for sulfur dioxide emissions from coal - burning electric power plants.

This is the beauty of cap and trade: the amount of emissions is clear and unambiguous (the size of the cap), and polluters who find it cheapest to cut back emissions do so, selling permits to those who have a harder time reducing emissions.

RGGI is the nation's first state - level greenhouse gas cap - and - trade program, in which power plants must buy enough state - issued permits to cover emissions of carbon dioxide, which an international scientific consensus blames as the cause of man - made climate change.

In this case, low prices mean that firms are not exceeding their emissions allowances under the cap - and - trade scheme, and so do not need to purchase additional permits.

Burden - sharing frameworks — several of which are reviewed in this report — can assist in determining the allocation of each country's share of emissions reductions, as well as the allocation of permits under a global cap - and - trade regime.»

This is the main reason forestry and agriculture are not permitted in the EU Emissions Trading Scheme.

The EPA's previous experiments with emissions trading had faltered because they relied on a complicated system of permits and credits requiring frequent regulatory intervention.

This article examines whether a greenhouse gas emissions trading scheme has the potential to bring parties into conflict with the WTO provisions in dealing with the initial allocation of permits, non-compliance with emissions targets, emissions trading system enlargement, and trade measures against non-members of an emissions trading club, and relates the discussion to joint implementation with developing countries.

The proposed «remedy» has been for countries to cap their emission and trade permits.