It is rather unlikely that China's pilot carbon trading schemes will lead to an economy -
wide emission cap in the near future (they might lead to sectoral national schemes first and an economy - wide cap later).
Last October, a group of powerful Republican and Democrat senators introduced the McCain - Lieberman Bill to the US Senate (as an amendment to the Climate Stewardship Act) that would have required major emitters in the USA to adhere to mandatory, economy -
wide emission caps.
Not exact matches
The targets place the EU
Emissions Trading Scheme (ETS) at the heart of EU policy on climate change, with support for an EU - wide central cap on e
Emissions Trading Scheme (ETS) at the heart of EU policy on climate change, with support for an EU -
wide central
cap on
emissionsemissions.
The UK government was praised for leading the way in pushing for a
cap of
emissions, but will need to do more to persuade other EU states of the need for firmer action and should campaign for an EU -
wide cap on
emissions.
The most important thing that could happen to drive IGCC forward would be putting a price on CO2
emissions in the form of a mandatory economy -
wide «
cap and trade» approach, which is what a Senate resolution passed last summer recommended.»
An economy -
wide cap on carbon
emissions that would begin in 2012, with a target of reducing carbon pollution 17 percent by 2020 and 80 percent by 2050.
The Chinese acknowledge the World
Wide consensus on climate change to be the biggest challenge to be faced by humanity and they are prepared to
cap CO2
emissions 15 % by 2020.
That is to say that there will be one EU -
wide cap on the number of
emission allowances and this
cap will decrease annually along a linear trend line, which will continue beyond the end of the third trading period (2013 - 2020).
On the left, a
wide swath of climate advocates still cling to the idea that a price on carbon /
cap - and - trade / command - and - control approach is the correct method for driving the adoption of affordable clean technologies and reducing
emissions.
To meet their
emissions reduction obligations, regulated entities can reduce
emissions on - site, trade
emissions reductions achieved beyond the
cap, or use
emissions reductions generated in the state from a
wide variety of project categories, nine of which are cited ACR offset project types.
If the total society -
wide cap, before it is allocated among emitters within the jurisdiction of the government allocating the
cap, is less than the government's fair share of safe global
emissions, then the
cap is not environmentally just particularly to those who are vulnerable to climate change.
First a government establishes an
emission limitation for total
emissions from the government's jurisdiction and then permits or allowances are either given away or auctioned off and in this way create a society -
wide «
cap.»
But carbon pricing will be necessary to address the diverse economy -
wide sources of CO2
emissions effectively and at sensible cost, whether the carbon pricing comes about through an economy -
wide Federal
cap - and - trade system or through a Federal carbon tax.
-- 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.).
Indeed, we estimate that the extra tightening of the EU - ETS
cap required to align with a Paris - compliant EU -
wide trajectory for 2030 and beyond would require incremental
emissions reductions of 1.6 Gt over 2021 - 30 versus our base - case scenario under the current
cap.
An internal
cap and trade is a good choice for conglomerates and other corporations with diverse operations because it gives carbon - intensive business units added flexibility while reducing
emissions company -
wide.
New
emissions data for the 10,000 industrial installations covered by the EU -
wide cap and trade scheme shows that greenhouse gas output fell in 2012 by 1.4 % despite the ETS's current ineffectual state.
These members claim to «support economy -
wide reductions in CO2
emissions and / or federal
cap - and - trade legislation»: Alcoa, Caterpillar, Deere & Co., Dow Chemical, Duke Energy, Eastman Kodak, Entergy, Fox Entertainment, IBM, Lockheed, Nike, PepsiCo., PNM Resources, Rolls Royce, Siemens, Toyota, and Xerox.
In California, for example, an economy -
wide cap - and - trade system is being implemented that will ultimately cover all fossil fuel - derived CO2
emissions.
For example, climate scientists are least well - placed to make a judgement on the timing and quantum of CO2
emissions that are exported from, say, Spain, as a result of higher electricity prices there resulting from wind and solar, and certainly very poorly placed to opine on the impact on global GHG
emissions of
cap - and - trade or any similar EU or even EU / USA -
wide policy.
In addition they agreed on the merits of devising a US -
wide carbon
emission «
cap and trade» regime.
1) A
cap - and - trade system that would place an economy -
wide limit on greenhouse gas
emissions, and the reduction of U.S.
emissions to 80 percent below 1990 levels by 2050.
In addition to driving
emission cuts in one of the world's largest economies, California's program provides critical experience in creating and managing an economy -
wide cap - and - trade system.
The latest example is an email from the Republican Study Committee saying that centerpiece of the bill, an industry -
wide cap on carbon
emissions, will annually cost each America family $ 3,100.
It's been nearly a year since Alberta Premier Rachel Notley announced an ambitious set of policies to
cap oil sands
emissions, phase out coal - fired power generation and implement an economy -
wide carbon tax in Canada's «dirty» province.