Sentence examples for trading permits from inspiring English sources
Three industrialised states Gujarat, Maharashtra and Tamil Nadu are about to launch the world's first market for trading permits in emissions of particulate matter.
A major stumbling block arose at the outset, when some participating governments allocated too many trading permits to polluters when the market was created.
Phase I led to the oversupply of trading permits and resulted in Europe's heavy industry emitting less carbon than their quota of free permits, allowing them to sell on the allocation they have not used to over-polluters.
The European Union already has a system of trading permits for industrial emissions of heat-trapping gases in which polluters can meet limits either by reducing emissions or buying credits from more efficient producers.
Canada's environment minister Peter Kent defended the decision on Monday, saying it would save the country $14bn in emissions trading permits it could have had to buy for not achieving its Kyoto targets.
California has one of the largest carbon trading permit markets in the world.
On Nov. 8, Australia passed a bill that would cap emissions and allow companies to trade permits.
No passes will be given these people to visit headquarters for the purpose of making personal application for trade permits.
For example, initiatives such as cap-and-trade permits might control pollution as efficiently as government regulation and enforcement.
Under any sort of cap-and-trade scheme, government sets an overall limit on emissions while allowing companies to trade permits, known as allowances, to pollute.
