Exact(5)
That decision is expected by next spring but could come much sooner as the Senate dives deeper into legislation that caps emissions.
"A lot of things can happen that can push emissions back up, so being in a system that caps emissions would ensure your emissions remain low," said Emilie Mazzacurati, a market analyst at Thomson Reuters Point Carbon.
At the heart of the bill is a cap-and-trade system, a market-based system that caps emissions at a certain level and allows large emitters to buy permits for additional emissions from other companies that emit less than the upper limit.
Waxman-Markey caps emissions at only 3.6percentt below 1990 levels by 2020, pitifully short of what the scientists have said is necessary.
The accounting rule under the Kyoto Protocol is different: it caps emissions from energy use but does not apply worldwide and it applies only incompletely to land use even in the Annex I countries.
Similar(55)
Congress is halfway toward producing a bill to cap emissions.
whose per cap emissions are a tenth of America's.
The Regional Greenhouse Gas Initiative, or RGGI, will cap emissions for 233 plants.
We are asking each country to cap emissions, or reduce emissions.
We will cap emissions according to specific goals, measuring progress by reference to past carbon emissions.
China said it would cap emissions and get 20% of its electricity from renewables by 2030.
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