He added that momentum was building for a core component of the Energy Department proposal: a national system for requiring cuts in carbon dioxide and letting companies that surpass those targets sell the excess credits.
If a manufacturer exceeds the CAFE standard in any year, the manufacturer is granted excess credits that may be used against past or future shortfalls (up to three years in either direction).
Those come either from firms that have excess credits or from projects certified as having reduced emissions in the developing world, for example an energy-efficiency overhaul that cuts the amount of pollution created by a cement plant in China.
Many of these companies have booked millions of euros from the sale of their excess credits, anticipating that they would have plenty in years to come, or because they needed to generate cash to shore up their balance sheets as the economic crisis bit deeper.
Many of these companies have booked millions of euros from the sale of their excess credits in anticipation that that they would have plenty in years to come, or because they needed to generate cash to shore up their balance sheets as the economic crisis bit deeper.
Many of the companies that were issued permits have made millions of euros from selling their excess credits, anticipating that they would have plenty in years to come, or because they needed to generate cash to shore up their balance sheets as the economic crisis bit deeper.
