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Companies that emit below the cap can then sell their permits on a carbon market, where companies exceeding the cap will, presumably, buy them so they can continue to pollute.
Companies with emissions below the cap can sell their extra "space," while companies whose emissions exceed their cap need to purchase permits for their overage.
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As an incentive to help the planet, savings of carbon emissions that one achieves below the designated cap can then be traded, as offsets, to another polluter who can then go over his cap by an equal amount.
Utilities with emissions below an allotted cap can sell or trade their unused allowances in online auctions held four times a year.
The cap margin can have a greenish-gray tinge.
In the late 1980s he helped persuade the federal government to add a trading element to the Clean Air Act that places a cap on the amount of sulphur dioxide a factory can belch into the air and gives companies credits that they can buy and sell if they go below the cap.
That combination means that emissions are below the cap, and will remain below the cap.
Democrats had said $10 million below the cap was enough.
Yet last year over half the days were below the cap.
Below the cap, his mouth and jaw were drawn tight.
Meanwhile, the Bush Administration has proposed, as required, some steps to stay below the cap.
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CEO of Professional Science Editing for Scientists @ prosciediting.com