Sentence examples for selling allowances from inspiring English sources

Whereas they were unable (Congress) or unwilling (the White House) to exert the necessary leadership to put a price on carbon as part of a larger effort to cut greenhouse gas emissions and reduce the nation's dependence on fossil fuels, the Regional Greenhouse Gas Initiative (RGGI) will do just that by selling allowances to power plants in the nation's first cap-and-trade system.

Selling allowances could also significantly lessen the macroeconomic impact of a CO2 cap.

The rule is also intended to push states to institute interstate "cap-and-trade" systems, allowing polluters to buy and sell allowances to pollute.

But potential reductions in NOx and SO2 could be lost as plants that operated less sold allowances to other plants.

This would entail occasional intervention in the market, to buy or sell allowances.

So Congress set up a trading system in which power companies can buy and sell "allowances" to emit sulfur dioxide.

The ETS's "cap and trade" scheme creates a limited emissions market, within which 11,000 power stations and industrial plants can buy or sell allowances.

Nearly half of the continent's emissions are covered by the ETS, the world's largest carbon market, which sets a cap on CO2 output and forces firms to buy or sell allowances to stay within its boundaries.

Known as America's Climate Security Act of 2007 S.21911), the bill would create a system in which businesses that create or deal with carbon emissions would be issued or sold allowances.

This legislation authorizes unelected officials at the California Air Resources Board (CARB) to establish a program enabling companies that cut greenhouse gas emissions to sell "allowances" to others that need them to meet reduction regulations targeted at 15% by 2020.

The program--one of the first economy-wide programs put in place--aims to reduce greenhouse gas emissions by creating a fixed number of permits, called allowances, to emit a single ton; compliance entities and other market participants can buy and sell allowances, thereby enabling the market to determine the lowest-cost compliance path.