Sentences with phrase «which emission credits»

Here are the three trading schemes set by the Kyoto Protocol under which emission credits can be bought and sold, as explained by Reuters:

Not exact matches

However, its automotive gross margin, which doesn't include the sale of zero - emission vehicle credits, dropped to 13.8 % from 22.2 % in the same period last year.

Shell's emissions last year were 5Mt, so with their credits from Quest and their use of cogeneration, more than half of this could be offset, far exceeding the reductions which will be required under Alberta law.

If the effects of the European emissions trading scheme (ETS)- which gives industries pollution credits to use or sell - are included, this reduction would be 23.6 per cent.

But to their credit, the Conservatives came up with a particularly zany way of banning these gatherings, which was to outlaw «sounds wholly or predominantly characterised by the emission of a succession of repetitive beats» played above a certain volume to a certain number of people.

The agency agreed to purchase zero emissions credits to subsidize the upstate nuclear power plants, although NYPA is not under the authority of the Public Service Commission which mandated other power providers buy the credits.

Since the Kyoto protocol came into force in 2005, companies in the developing world can generate greenhouse gas emission reductions and sell them as «carbon credits» in the developed world through such mechanisms as the European Union's Environmental Trading Scheme (EU ETS), which is similar to schemes in Japan and New Zealand.

If the UNFCCC is happy with the project, it issues us with a certificate for a number of carbon credits (1 tonne of carbon, or the equivalent, abated equals 1 carbon credit) which can then be sold to companies who need to reduce their net emissions.

(To his credit, Gore compensates for his plane trips by buying carbon offsets, which pay for projects that reduce greenhouse gas emissions.)

And the way to fix the accounting error is to count the very real emissions from using bioenergy and then provide a credit to that bioenergy which results from a source that really is «additional» carbon.

Blue carbon markets, in which countries or corporations could offset CO2 emissions by buying carbon credits from projects that create or protect carbon - rich habitat, could become viable in two to three years, says John Bruno, a marine ecologist at the University of North Carolina in Chapel Hill.

It will seek to take a share of the multi-billion dollar global market which trades emissions credits granted by the Kyoto Protocol in exchange for investment in green projects in developing countries.

They do so because they know that politicians tend to give away the emission credits for free to existing emitters, which constitutes huge windfalls that benefit the politically well - organized establishment.

-- If a reversal has occurred with respect to an offset project for which offset credits are reserved under this paragraph, the Administrator shall retire offset credits or emission allowances from the offsets reserve to fully account for the tons of carbon dioxide equivalent that are no longer sequestered.

«(1) any person in the United States to exchange instruments in the nature of offset credits issued before January 1, 2009, by a State or voluntary offset program with respect to which the Administrator has made an affirmative determination under section 740 (a)(2), for emissions allowances established by the Administrator under section 721 (a); and

Submission of a statement by the owner or operator, or the designated representative of the owners and operators, of a covered entity that the owners and operators will hold allowances or offset credits for the entity's combined emissions and attributable greenhouse gas emissions to which section 722 applies shall be deemed to meet the proposed and approved planning requirements of title V. Recordation by the Administrator of transfers of allowances and offset credits shall amend automatically all applicable proposed or approved permit applications, compliance plans, and permits.

In addition, no international offset credits shall be issued for emission reductions from activities with respect to which emission allowances were allocated under section 781 for distribution under part E.

-- Except as provided in paragraph (2) or (3), the annual number of emission allowances that a covered entity may purchase at the strategic reserve auctions in each calendar year shall not exceed 20 percent of the covered entity's combined greenhouse gas emissions and attributable greenhouse gas emissions during the most recent year for which allowances or offset credits were retired under section 722.

-- The term «offset project» means a project or activity that reduces or avoids greenhouse gas emissions, or sequesters greenhouse gases, and for which offset credits are or may be issued under part D.

Here's how RGGI works: Using an auction system, the states offer a declining number of carbon emissions credits each year, which power plant owners bid on and are then required to use to offset their carbon dioxide emissions.

«Look, for example, at the E.U. where, after getting all the credit for the unification of Germany and for the shift to gas in the U.K. (all of which lowered emissions), total E.U. emissions are now, once again, inching back up.

What I foresee is a lot of people getting very rich selling credits which most consumers will view as «feel good» coupons which ultimately will have very little impact on the problem of CO2 emissions.

The other two were Sandbag, which buys credits in the EU Emissions Trading Scheme and Solar Aid which sells solar lights in rural Africa, seeking to replace kerosene lamps.

There, James Kanter has a fresh post on developments related to the growing trade in carbon offsets, credits a person or company can buy from someone planting trees or building windmills or the like, which — in theory at least — could compensate for unavoidable emissions of carbon dioxide or other greenhouse gases.

Yesterday, Senator Richard Lugar, a moderate Republican from Indiana, proposed breaking the impasse with the Lugar Practical Energy and Climate Plan, which lacks the most contentious element, an emissions cap and trading system for pollution credits.

These offset types are both eligible to be converted to ARB compliance Offset Credits, which can be used by California entities to help meet their emissions reductions obligations in the Cap - and - Trade Program.

You'll still own all the VERs to be generated by a share of the alternate project (s)» generating capacity, adjusted for expected generation and expected operating life to produce at least your chosen number of tons of VERs over a term no longer than its Crediting Period, according to the standard under which the project is validated and its emissions reductions verified.

In the near term, federal policy could: i) level the playing field between air captured CO2 and fossil - fuel derived CO2 by providing subsidies or credits for superior carbon lifecycle emissions that account for recovering carbon from the atmosphere; ii) provide additional research funding into air capture R&D initiatives, along with other areas of carbon removal, which have historically been unable to secure grants; and iii) ensure air capture is deployed in a manner that leads to sustainable net - negative emissions pathways in the future, within the framework of near - term national emissions reductions, and securing 2 °C - avoiding emissions trajectories.

For energy companies willing to accept some limits on warming gases, one goal is to firm up a market for tradeable credits earned by companies that make sharp cuts in emissions or plant or protect forests, which absorb carbon dioxide.

The state is well on pace to meet the emissions targets set by AB 32, which is credited with having spurred developments that contributed $ 48 billion to California's economy over the past 10 years while creating a half million jobs.

Accordingly, donors do not receive title to carbon credits or Verified Emissions Reductions (VERs), and COTAP also reserves the right to reject transactions which appear to be for the purposes of re-selling.

Those who believe they can profit from carbon credits because polluters with emission caps will pay for them point to the Kyoto Protocol's Clean Development Mechanism, which allows parties to meet their emission reduction obligations by paying developing countries to grow forests onto land cleared long ago.

Projects in EU Member States which reduce greenhouse gas emissions not covered by the ETS could issue credits.

In basic terms, the CDM is a program in which developing countries, like China, who are not bound by carbon emission reduction obligations, are encouraged to undertake projects in their jurisdiction that result in carbon emission reductions through financing provided by developed countries, who are themselves bound by such obligations and can credit such emission reductions to their obligations, even though those reductions have taken place in the developing country.

The Western Climate Initiative got a critical boost in October when California approved its final cap and trade regulations which will enable the trade of emission credits by 2013.

Most members of the commission favored a REDD (Reduced Emissions from Deforestation and Degradation) strategy, which would let farmers earn carbon credits by saving endangered forests.

And we've developed some of the most robust reporting and monitoring systems that ensure carbon credits represent real, measurable and additional emissions reductions,» said Simon Henry, program director at the International Carbon Reduction and Offset Alliance (ICROA), which funded the research for this article.

This unambiguous disclosure is in stark contrast to previous statements which confounded regulatory emissions (emissions net of credits granted for early action, contributions to technology funds, etc.) and actual emissions.

In addition, no international offset credits shall be issued for emission reductions from activities with respect to which emission allowances were allocated under section 781 for distribution under part E.

-- With respect to the emissions for which a covered entity is using term offset credits to demonstrate compliance temporarily with this section, the owner or operator of a covered entity shall not be considered to be in compliance with the prohibition in subsection (a) unless, as of 12:01 a.m. on April 1 (or a later date established by the Administrator under subsection (j)-RRB- of the calendar year in which a term offset credit expires, the owner or operator holds --

A similar abuse of the additionality criteria is arising over the destruction of trifluoromethane (HFC - 23) gas, which generates three - quarters of the CDM's emission reduction credits.

-- The term «offset practice» means an activity that reduces, avoids, or sequesters greenhouse gas emissions, and for which offset credits may be issued pursuant to this title.

«(1) any person in the United States to exchange instruments in the nature of offset credits issued before January 1, 2009, by a State or voluntary offset program with respect to which the Administrator has made an affirmative determination under section 740 (a)(2), for emissions allowances established by the Administrator under section 721 (a); and

-- The term «offset project» means a project or activity that reduces or avoids greenhouse gas emissions, or sequesters greenhouse gases, and for which offset credits are or may be issued under part D.

«(C) upon sale of such international offset credits, the Administrator shall retire those international offset credits, and establish and provide to the purchasers a number of emission allowances equal to 80 percent of the number of international offset credits so retired, which allowances shall be in addition to those established under section 721 (a); and

In Europe, legislation forces companies / governments to adhere to emissions reductions targets which artificially supports trading and the price of credits on the European Climate Exchange.

Nevertheless the study identifies forests that may be best suited (low population density, unsuitable climate and soils) for «Reduced Emissions from Deforestation and Degradation» (REDD) initiatives which compensate countries for preserving forest lands in exchange for carbon credits.

«It emerged at the international level, through the combination of, among others: (1) the conservationist interests of big environmental NGOs in the North, (2) the interests of national and sub-national governments in the North seeking low - cost alternatives to supposedly «offset» their continued and excessive emissions of pollutants and greenhouse gases, (3) the interests of national and sub-national governments in the South seeking to obtain financial resources for the «protection» of forests in their countries, (4) the interests of corporations that could profit from market - tradable «offset» credits, including through speculation on secondary (derivatives) markets, which would allow them to continue destroying the forests for the extraction of timber, minerals or oil, the establishment of monoculture plantations, etc., thus expanding their business opportunities, and (5) the interests of consultants and other actors involved in financial capital markets who want to turn «unexploited» forests into a new market for this type of capital, through the commercialization of «environmental services» such as carbon sequestration, among others.»

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

The amount generally credited for land use changes looks closer to the amount of carbon sinking eliminated than actual emissions which are 30 + % of fossil fuel emissions.