Sentences with phrase «trade emissions trading system»

That centerpiece is the cap - and - trade Emissions Trading System (ETS), under which companies buy and sell carbon reduction credits.

Linking other national or regional cap - and - trade emissions trading systems to the EU ETS can create a bigger market, potentially lowering the aggregate cost of reducing greenhouse gas emissions.

Not exact matches

The pope repeated the strong call for environmental stewardship that he had made with his latest encyclical, Laudato Si, and Xi Jinping announced that China will launch a cap - and - trade system for carbon emissions in 2017.

Ms. Mitchelmore said CCS technology won't be widely adopted unless there is a price on carbon — either through a tax, a cap - and - trade system or regulations on emissions.

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.

«We believe that a carefully designed cap - and - trade system will send the appropriate price signals to encourage changes and ultimately help reduce emissions.»

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.

This will be accomplished through a combination of a «cap and trade» carbon pricing system, mandatory vehicle emission standards, and investing in renewable energy production and consumption.

The EU Emissions Trading System gives countries wriggle - room in meeting environmental targets.

Along with most people who recognise the reality of climate change, I do not doubt that markets and private property rights have, or can have, an important role to play in handling the problem, e.g., through suitably designed emissions trading systems and the like.

Only the EU Emissions Trading System and the carbon price floor were opposed by a clear majority of voters from across the political spectrum, though even then it is highly doubtful that very much political capital can be gained by abolishing measures equivalent to an annual average cost of # 13 per household, (see pie chart graph).

Certified Emissions Reduction credits (CERs) produced by the UN's Clean Development Mechanism; European Union Allowances (EUAs) produced by the European Union's Emissions Trading System (EU ETS), and Emissions Reduction Units (ERUs) produced by the UN's Joint Implementation mechanism.

The order gives the U.S. Environmental Protection Agency the authority to repeal and replace the Clean Power Plan, the set of rules that established goals for reducing carbon dioxide emissions from fossil - fueled electricity plants through a national trading system.

In «Let them eat carbon» Sinclair reveals the financial implications of regulations such as the Renewables Obligation and the EU Emissions Trading System (EU ETS).

The groups support using 5 percent of valuable greenhouse gas emission allowances under the bill's cap - and - trade system to prevent tropical deforestation and reduce international forest emissions.

International forest emission reductions should be fully interchangeable with other emission reductions in the cap - and - trade system, they said.

While still not included in the upcoming system, hundreds of facilities in Guangdong and Shanghai are being required to monitor and report their emissions, a move designed to prepare them for serious trading.

Farmers were still trying to understand how agriculture would play into the emissions trading system, Niles said.

The country is developing a carbon - trading system that is expected to go into effect next year, and is also scrambling to find ways to cut emissions causing its massive urban air - pollution problem, says Dawe.

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

The first carbon market was the European Union's Emissions Trading System (ETS), set up as a result of the Kyoto protocol.

It includes a nationwide cap - and - trade system to cut greenhouse gas emissions, along with a renewable power mandate and a suite of other energy measures.

China could both benefit from the lessons of earlier efforts, such as Europe's flagship carbon market — the world's largest, known as the European Union Emissions Trading System, or ETS.

«It is our view that the first step for Chinese ETS is to get the system right from the beginning — the trading platform; the monitoring, reporting and verification system; [emissions] inventories; getting companies informed and cooperative — and gradually shift toward more stringent caps,» says Li Shuo, a climate and energy campaigner for Greenpeace East Asia.

McConnaha said the study would draw on existing research that has informed existing cap - and - trade programs, including California's, the Regional Greenhouse Gas Initiative in the Northeast and the European Union's Emissions Trading System.

Speaking at the National Geographic Society in Washington, D.C., Clinton proposed an international «emissions trading system» that would allow companies in developing countries to buy the right to pollute from companies with cleaner technologies.

While a bill to actually implement a cap - and - trade system eluded state lawmakers in the legislative session that ended in March, they did direct the state Department of Environmental Quality to study «a market - based approach to controlling greenhouse gas emissions.»

Should the government impose a price on carbon emissions, whether it is a tax or cap - and - trade system, CO2 - free sources, such as nuclear energy, will become even more competitive.

Energy Both John McCain and Barack Obama have called for a cap - and - trade system to cut carbon emissions, although Obama's proposed reduction (80 percent from 1990 levels by 2050) is larger than McCain's (65 percent).

Called the Regional Greenhouse Gas Initiative, the group seeks to cut current emissions by 10 percent by 2019 through a cap - and - trade system.

This year, China may unveil its own emissions trading system, which could be the largest carbon pricing initiative in the world.

Under a cap - and - trade system to reduce emissions, like the one in California and Quebec, the cost of methane leaks can add up.

Chris Mooney makes an interesting point about the $ 15 billion the 2010 budget assumes a cap - and - trade system to battle greenhouse emissions will deliver to the Treasury next year:

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.

It gained urgency after the failure of the 2009 legislation known as the Waxman - Markey bill, which was aimed at setting up an emissions trading system in the United States.

In 2015, the fixed tax will be replaced by a market - based emissions trading system, similar to that in the European Union.

He will also institute a cap - and - trade system to limit industrial carbon emissions.

«It'd be about four times larger in terms of the amount of CO2 emissions from the facilities that are [currently] covered, and it'd be by far the largest cap - and - trade system in the world,» said Larry Goulder, an economist at Stanford University who has organized meetings of carbon market architects in both China and California.

No carbon - trading system in the world has actually resulted in significant emissions reductions yet.

A strong energy package approved last year by a key Senate panel is seen as a sweetener for passing a much more controversial cap - and - trade system to regulate the emissions of greenhouse gases.

Wooing the Reluctant Warts and all, emissions trading systems that are emerging from the bottom up are playing a key role in the drive to protect the climate.

«A cap - and - trade system says, «You have to reduce overall emissions, but how you do it is your business.»

For now, the European emissions trading system has emerged as the core of a nascent global market because it features the strongest institutions and exchanges the greatest volume of credits.

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.

That legislation, which Klein calls «the granddaddy of all emissions trading markets,» created a cap - and - trade system for utilities to reduce the sulfur - based pollutants that cause acid rain.

If the U.S. establishes a federal trading system in response, the scale of U.S. emissions trading could supplant the dominance of the E.U. in the budding global carbon market.

It is not yet clear whether the E.U.'s trading system will cut emissions enough to enable Europe to comply with its commitments under the Kyoto Protocol.

Taxes give clear, long - term price signals that make it easier for firms to make intelligent investments that will cut carbon emissions, whereas the price volatility of cap - and - trade systems impedes wise planning.

Launched in 2005, the European Union's Emissions Trading System sets a limit on the combined emissions from Europe's power stations, which gradually declines eEmissions Trading System sets a limit on the combined emissions from Europe's power stations, which gradually declines eemissions from Europe's power stations, which gradually declines each year.