The idea was that countries whose emissions fall under the emissions cap -- the permitted level of CO2 equivalent emissions per year -- could then sell those carbon credits to countries who are not able to meet their own caps.
The global carbon market trades emissions via cap-and-trade schemes and credits that offset reductions in carbon emissions.
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Most economists figure a tax is a simpler and more-straightforward way to reduce carbon emissions than cap-and-trade.
While most economists say a tax on carbon emissions is the best way to curb greenhouse gases, the proposed "cap-and-trade" programs that would cap emissions and provide emitters with tradable (and sellable) carbon allowances is likely to curry the most favor with lawmakers and industry.
Another approach to putting a price on carbon dioxide emissions is a cap and trade program.
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The European Union, which already restricts greenhouse-gas emissions through a cap-and-trade scheme, unveiled further incentives for CCS last year.
At its annual meeting in Kuala Lumpur this week, the trade group pledged to cap emissions from aviation in 2020.
Many California businesses have argued that forcing reductions in carbon emissions through a cap-and-trade platform will cause industry to move out-of-state.
We should cap carbon emissions from power plants and make cars and trucks more efficient.
Under this plan, governments cap total emissions and require pricey permits and hefty fines for emissions.
The European Parliament will vote this month on a proposal to cap aircraft emissions and include them in the trading scheme.
The permits allow the companies that own them to produce greenhouse gas, and by issuing a fixed number of permits, the EU hopes to cap overall emissions.
Mark Ruffalo is throwing his celebrity behind legislation in New York that would lower the cap on emissions (mostly from coal-fired power plants) and help provide hundreds of millions of dollars in incentives for solar energy.
However, in a cap and trade or permit system the limit on emissions is the number of permits, the cap.
In 2006 emissions in EU countries participating in the cap-and-trade program went up while U.S. emissions went down.
We need to tackle global climate change by establishing an economywide cap on carbon emissions and making sure that carbon permits are auctioned, not given away.
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To their credit, ministers have pledged to try to get flying included in the European Union's Emissions Trading Scheme, a cap-and-trade arrangement for discouraging reliance on carbon.
This scheme may be a quirky California creation now, but if Congress decides to set a cap on carbon emissions nationwide, this kind of horse-trading could become commonplace.
Such a program would cap greenhouse gas emissions at certain levels, and allow more efficient energy producers to sell emissions permits to other, less efficient companies, thereby creating market-wide incentives to reduce carbon output.
Change the price of carbon emissions through a tax or a cap and trade system: then stop.
It was no wonder that the energy bill that passed Congress did not include a cap on greenhouse gas emissions.
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Unless the overall Senate bill includes a cap on stationary source emissions, some energy bill provisions would actually make carbon emissions worse.
The United States House of Representatives recently passed the Waxman-Markey Bill, setting an emissions reduction target and introducing a cap and trade scheme.
On the first count, thanks to the economic malaise, the ETS is a success: its participants' emissions are well below the current cap.
So in the Clean Air Act of 1990, he proposed a plan that would cap sulfur-dioxide emissions but let the market decide how to allocate the permits.
Obama's plans to finance an ambitious clean energy agenda by imposing a de facto carbon-emissions tax in the form of an auction-based cap-and-trade system has set the stage for an epic showdown on Capitol Hill over carbon emissions and energy legislation.
Looming above all: the push to price and manage carbon dioxide emissions via a carbon tax or a cap and trade regime.
Not long after the California energy crisis brought deregulation screeching to a halt in 2000, utilities began predicting that legislation putting a cap on greenhouse-gas emissions would be the catalyst for change.
Under Rex Tillerson, the current boss, policy changed to support for a carbon tax, a proposal so much more radical than the cap-and-trade emissions bills on offer that critics suspected it of being an intentional distraction.
The rapid decline in U.S. emissions has taken some pressure off the White House after the 2010 failure of a cap-and-trade bill meant to put a price on carbon emissions.
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