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Topic: Emission trading

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In the News (Mon 17 Jun 19)

  Environment - Climate Change - Emission Trading Scheme
The representatives of the European Commission present at the meeting concurred with this course of action, emphasising the European Commission’s commitment to maintain the proper functioning and integrity of the technical infrastructure of the EU emissions trading system which is the centrepiece of the EU’s policies to tackle climate change.
In January 2005 the European Union Greenhouse Gas Emission Trading Scheme (EU ETS) commenced operation as the largest multi-country, multi-sector Greenhouse Gas emission trading scheme world-wide.
In order to collect the views of stakeholders on a range of aspects of the EU emissions trading scheme, a web survey was carried out from June to September 2005.
ec.europa.eu /environment/climat/emission.htm   (526 words)

  Emissions trading - Wikipedia, the free encyclopedia
Emissions trading is an administrative approach used to reduce the cost of pollution control by providing economic incentives for achieving reductions in the emissions of pollutants.
For example an allowance for greenhouse gas emissions to a country might be based upon total population of the country or based on existing emissions of the country.
In private enterprise, emissions trading is very attractive because it does not harm industrial concerns, or require government subsidies.
en.wikipedia.org /wiki/Emission_trading   (1384 words)

 CPR Perspectives: Emissions Trading
Trading allowances for money is premised on the notion that the government not only is entitled to place an economic value on the public interest in natural resources, but remains free to sanction the buying and selling of those resources.
Trading schemes that allow trading of toxics must also employ comprehensive ambient monitoring to ensure that pollution is not pooling around specific facilities located near population centers, especially where there is no underlying health-based standard that is incorporated in a site-specific permit that remains in effect.
These expansions of traditional trading can result in exchanges of markedly more benign chemicals for their far more toxic cousins, as well as the substitution of poorly characterized pollution in one medium for pollution in another medium the effects of which are better understood.
www.progressiveregulation.org /perspectives/emissions.cfm   (2089 words)

 Defra, UK - Environmental Protection - Climate Change - Emissions Trading
Emissions trading is emerging as a key instrument in the drive to reduce greenhouse gas emissions.
The rationale behind emission trading is to ensure that the emission reductions take place where the cost of the reduction is lowest thus lowering the overall costs of combating climate change.
Emissions Trading is particularly suited to the emissions of greenhouse gases, the gases responsible for global warming, which have the same effect wherever they are emitted.
www.defra.gov.uk /environment/climatechange/trading   (288 words)

 Emissions Trading - International Negotiations - Climate Compendium | CCKN
With emissions trading, emitters have the choice of making the reductions themselves or purchasing reductions from countries or companies in a position to reduce the same quantity of emissions at lower cost.
Under an international emissions trading system, the total GHG emissions of each industrialized country would be limited according to the emission targets agreed upon in the Kyoto Protocol.
Emission reduction credits are generated by specific and identifiable actions taken to reduce GHG emissions.
www.cckn.net /compendium/int_emissions_trading.asp   (993 words)

Emissions in fiscal 2002 were estimated to have increased 7.6 percent from the 1990 level to 1.33 billion tons.
Trade in emission quotas is allowed under the Kyoto Protocol via the Kyoto Mechanism.
Emission credits purchased by the fund will be distributed to member companies in accordance to their contributions.
www.co2e.com /News/story.asp?StoryID=2220   (896 words)

 Frequently Asked Questions on Greenhouse Gas Emission Trading   (Site not responding. Last check: 2007-10-26)
Emissions trading is an economic concept that emphasizes leveraging market forces to minimize the cost of reducing emissions in various pollution reduction regimes.
Trading also provides flexibility to participants by enabling them to purchase allowances at the end of the compliance period if they are unable to make their targets.
Emissions trading is considered to be an effective, cost-efficient way to meet limits imposed by regulators, especially toward the end of a compliance period.
www.aicpa.org /innovation/baas/environ/ghgfaq.htm   (3515 words)

 SCADPlus: Greenhouse gas emission allowance trading scheme
The European Union is establishing a greenhouse gas emissions trading scheme for the cost-effective reduction of such emissions in the Community.
The Green Paper on greenhouse gas emissions trading within the European Union launched a debate on the suitability of such a scheme and the ways in which it might operate.
These criteria are: Kyoto commitments, assessments of emissions development, potential to reduce emissions, consistency with other legislation, non-discrimination between companies or sectors, participation of new entrants, early action, clean technology, involvement of the public, list of installations covered, competition from outside the Union.
europa.eu.int /scadplus/leg/en/lvb/l28012.htm   (2017 words)

 Environmental Effects of SO2 Trading and Banking
The environmental consequences of trading have been the subject of considerable speculation and acrimony, especially in the Northeast, which is widely thought to be the recipient of pollution emitted by power plants in the Midwest.
Emissions set to be less than or equal to the allowance allocation in the baseline in each period.
The emission changes we identify only pertain to trading and banking, which are only a small part of the story with respect to the overall impact of the SO program.
pubs.acs.org /cgi-bin/jtextd?esthag/asap/html/es9902726.html   (4075 words)

 Paying to pollute / System would limit emission, allow trading of credits
They are turning to a system called "cap and trade," which limits the overall amount of carbon dioxide an area or industry can emit and then lets individual companies buy and sell credits to release specific amounts of the gas.
Emissions that were free in the past, regardless of their environmental cost, now would cost an amount set by the market.
The panel voted last week to limit carbon dioxide emissions at some point in the future, with the exact level still to be set.
www.sfgate.com /cgi-bin/article.cgi?f=/c/a/2006/02/19/BUGFTHAP1C1.DTL   (1170 words)

 Emissions Trading
Emissions trading, as set out in Article 17 of the Kyoto Protocol, provides for Annex I Parties to acquire units from other Annex I Parties and use them towards meeting their emissions targets under the Kyoto Protocol.
The units which may be transferred under Article 17 emissions trading, each equal to one metric tonne of emissions (in CO -equivalent terms), may be in the form of:
Emissions trading schemes may be established as climate policy instruments at the national level (e.g.
unfccc.int /kyoto_mechanisms/emissions_trading/items/2731.php   (703 words)

 MD - Greenhouse Gas Emission Trading Act   (Site not responding. Last check: 2007-10-26)
The purpose of this Act is to limit emissions of greenhouse gases in a cost-effective manner by means of a system involving the duty to surrender carbon dioxide (CO) emission allowances and freely transferable emission allowances.
The procedure for issuing allowances is for the pollution control authorities to inform the Norwegian Emissions Trading Registry by 1 March each year that a specified number of allowances is to be transferred to the operator’s account in the registry.
The excess emissions fine shall correspond to EUR 40 on the due date for each tonne of CO for which reporting is mandatory and for which no allowances have been surrendered to the appropriate account in accordance with section 13, first paragraph.
odin.dep.no /md/english/doc/regelverk/acts/022051-200015/dok-bn.html   (2073 words)

 Emission Trading Introduction
Emission reductions from energy efficiency and renewable energy produce health and environmental benefits by reducing sulfur dioxide, carbon dioxide, nitrogen oxides, lead, mercury, and particulate matter emissions.
Credits for emission reductions provide an incentive to find the most cost-effective way to reduce emissions, since once an emission reduction credit is created, it can be sold on the open market.
Program buys emission reduction credits that are reported according to the Multiple Pollutant Emission Reduction Reporting System developed by Leonardo Academy with funding from the U.S. Any emission reduction credits or offsets that are purchased are retired.
www.leonardoacademy.org /Resources/introduction.htm   (825 words)

 Emissions trading in the European Union
Introduction: Emission Trading in the EU The EU has agreed to establish a cap-and-trade system to limit CO2 emissions from large industrial sources.
The Parliament voted on 2nd July 2003 to agree a compromise with Council on the Directive on emissions trading in the EU.
Strong policies to limit emissions in the transport sector in particular are still missing, while too little is being made of the great potential for energy efficiency in buildings and appliances.
www.climnet.org /EUenergy/ET.html   (1617 words)

 EUROPA - Environment - Climate Change
In January 2005 the European Union Greenhouse Gas Emission Trading Scheme (EU ETS) commenced operation as the largest multi-country, multi-sector Greenhouse Gas emission trading scheme world-wide.
Allowances traded in the EU ETS will not be printed but held in accounts in electronic registries set up by Member States.
In order to collect the views of stakeholders on a range of aspects of the EU emissions trading scheme, a web survey was carried out from June to September 2005.
europa.eu.int /comm/environment/climat/emission.htm   (277 words)

 Michigan Air Emission Trading Program Overview
Emission trading is a market-based environmental program, which provides an incentive for sources to reduce emissions beyond an applicable requirement and improve air quality.
Emission averaging is a reduction in emissions from one or more emission units to compensate for a contemporaneous overage in emissions at the same or another source(s).
An ERC is the unit of exchange in emission trading and represents one ton of emissions reduced, minus an air quality benefit contribution.
www.michigan.gov /deq/1,1607,7-135-3310_4103_4194-10617--,00.html   (1272 words)

 Environmental Protection Agency - EPA Press Release: $20 BILLION EMISSION TRADING MARKET GOES ONLINE
A trading unit is called an allowance and is equivalent to one ton of air emissions.
Emissions cap and trade programs ensure that environmental goals are met, while providing companies an alternative to the installation of costly pollution control technologies in complying with the law.
EPA expects that by the program’s full implementation date of 2010, emissions from power plants will be half of their 1980 levels, improving lakes and streams damaged by acid rain and delivering more than $50 billion per year in health benefits to Americans.
yosemite.epa.gov /opa/admpress.nsf/b1ab9f485b098972852562e7004dc686/0c2c9878398b873a85256b1700672c86?OpenDocument   (616 words)

 KEMA - Environment - emissions
NOx emissions regulations are becoming increasingly stringent, and regulatory and legislative authorities continue to examine and promulgate changes in the rules.
Emission trading, accounting, monitoring and evaluating the impact of implemented measures have to be proven in practice.
A great variety of measuring equipment is applied for the execution of environmental measurements (emission, ambient air, workplace air and health and safety measurements).
www.kema.com /consulting_services/power_generation/environment   (411 words)

 IETA - International Emissions Trading Association
Emissions trading evolves from a system that restricts the aggregate allowable amount of a pollutant and allows market forces to continually move the allowed emissions to the highest value uses.
Emissions trading systems can be found in regulated markets (as in the European Union and in the United States Acid Rain Program) or in markets attempting to address environmental problems prior to regulations (as in the greenhouse gas markets emerging throughout the world).
The trading region is prescribed to the area impacted by the particular pollutant.
www.ieta.org /ieta/www/pages/index.php?IdSiteTree=26   (198 words)

 Emission Trading Schemes
In order to meet its obligations under the Kyoto Protocol, the European Union has launched an Emissions Trading Scheme (EU-ETS) which in Phase I covers the carbon dioxide (CO) emitted from around 13,000 sites across the EU, embracing close to 46% of EU wide CO emissions.
It requires the EU to reduce CO emissions by 3% from its baseline.
However, seven States in the North-Eastern United States are planning to launch a GHG emissions trading system in 2009 and States on the West Coast are also examining GHG emissions trading proposals.
www.puretrust.org.uk /ClimateChange/EmissionTradingSchemes.aspx   (266 words)

 20/1/2003 -- JAPAN: Emission-trading trials planned
The ministry's plan will set emission quotas for companies but allow firms to increase their quotas by trading for emission rights with firms under quota.
Estimated differences between their targets and emission volumes will be traded among the companies in the market.
Prices for trading emission rights or credits will be determined by market forces, according to the ministry.
forests.org /articles/reader.asp?linkid=19491   (448 words)

 Emissions Trading   (Site not responding. Last check: 2007-10-26)
Emissions Trading Master Agreement for the EU Scheme, V2.0 851kB - 2004-07-00 - IETA (pdf).
Emissions Trading is an innovative way to reduce pollution...
Emissions trading is a proposed economic solution to air pollution...
www.mykyoto.ca /?Category=Emissions%20Trading   (428 words)

 Strategies - GHG Emission trading
Akzo Nobel’s chemical plant in Stenungsund is included in the emissions trading scheme within the European Union that commenced on 1 January 2005.
In order to facilitate Akzo Nobel site Stenungsund’s future work concerning emissions trading, a study was performed with the aim to investigate how the issue has been dealt with so far, what is left to be done and how it will influence the company in the future.
The focus of the study was to estimate the financial effect of the emissions trading by working with different scenarios and to describe routines for the company’s future work.
www.dantes.info /Strategies/Production/CO2/strategies_CO2_trad_background.html   (580 words)

 EU Proposes Emission Trading Scheme; China’s Dubious CO2 Reductions; Global Warming Insurance?; Carbon Tax Proposals ...   (Site not responding. Last check: 2007-10-26)
Russia is extremely interested in the EU trading scheme because of the benefits it could reap if it were expanded internationally.
Japan and the European Union are proposing to use taxes to lower CO emissions in order to comply with their obligations under Kyoto.
Instead of taxing CO emissions themselves, Belgium is using its presidency of the EU Commission to push a unified EU tax on energy usage.
www.globalwarming.org /article.php?uid=544   (998 words)

 Documents on Emissions Trading   (Site not responding. Last check: 2007-10-26)
The objective of the work on emission trading is to develop a practical implementation framework, or options, for an international greenhouse gas emission trading system.
Linking project-based mechanisms and domestic emissions trading schemes is economically desirable as it typically expands coverage of gases and sources, increases compliance options, increases market liquidity and lowers compliance costs of meeting environmental goals.
The paper also includes a case study examining how some of the theoretical issues associated with linking GHG emissions trading and project-based mechanisms are being dealt with in practice in the EU through the 2004 so-called "Linking Directive" on project-based mechanisms.
www.oecd.org /document/34/0,2340,en_2649_34361_1942946_1_1_1_1,00.html   (1664 words)

 ipedia.com: Emission Article   (Site not responding. Last check: 2007-10-26)
In chemistry emissions are the products of a reaction, either chemical or nuclear.
In physics and physical chemistry emissions are outputs of electromagnetic radiation or particles.
In common usage, emission is often the giving off of gases from industrial processes of factories and transportation.
www.ipedia.com /emission.html   (150 words)

 Can Emission Trading Lower Cost?   (Site not responding. Last check: 2007-10-26)
The Clinton Administration has claimed that international emission trading would substantially lower the cost of complying with the Kyoto Protocol.
According to Hahn and Stavins, "nation-states are not simple cost-minimizing agents." For example, governments may discourage trading, even though it may be the cost-minimizing instrument, in order to protect the revenue it gets through carbon taxes.
Preferably, governments would devolve their quota of permits to private entities that would then be allowed to trade freely.
www.globalwarming.org /article.php?uid=517   (286 words)

 Open Directory - Science: Environment: Air Quality: Emissions Trading   (Site not responding. Last check: 2007-10-26)
International Emissions Trading Association (IETA) - An independent, non-profit organization dedicated to the establishment of effective systems for trading in greenhouse gas emissions by businesses.
U.S. Mexico Border Air Emissions Trading - Dedicated to open discussions regarding air emissions trading in the common air shed in the El Paso del Norte air basin.
Vertis Environmental Finance - Trading, financial advisory and investment firm active in the emissions trading, carbon finance and environmental financial sectors, with focus on the EU Emissions Trading Scheme.
dmoz.org /Science/Environment/Air_Quality/Emissions_Trading   (1036 words)

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