emission permits

emission permits

permits that allow firms to cause POLLUTION up to a predetermined level. The total number of permits is determined by the government in relation to the likely impact upon the environment. Permits may be bought and sold and will tend to be bought by the firms with the greatest technical and economic problems of dealing with their pollution emissions.
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Carbon emission right trading is a method countries utilize to meet their obligations specified by the Kyoto Protocol, as signatory nations are committed to achieve a certain carbon emission reduction targets in a certain period of time and then assign it to different domestic enterprises; when one country cannot meet its target on schedule, it can purchase a certain amount of quotas or emission permits from the countries that have the quota or emission permit (mainly developing countries) to meet their own emission reduction targets.
They import emission permits from a trader in another EU country without paying VAT and then resell them, adding VAT to the price.
Meanwhile, jurisdictions using the cap-and-trade approach like California, the nine Northeastern states and Quebec are investing the revenue generated by auctioning emission permits in mass transit, energy efficiency, renewable energy and other strategies to reduce carbon emissions.
* Environmental policies should be implemented with market instruments such as emission prices or tradable emission permits.
His topics include China's energy and environmental problems and policies, the optimal path for carbon dioxide emission to control global warming, stochastic models to study the effect of climate change, macroeconomic models to explain pollution and environmental protection, the use of emission permits, and clean energy and international efforts to solve environmental problems.
As mentioned earlier, a market for trading emission permits has also faced concerns over potential market power.
The document said China would step up efforts to create market mechanisms to reduce pollution, with the aim of establishing nationwide platforms that would allow enterprises to trade energy consumption and emission permits.
Committee chairman Adamos Adamou said, according to the bill, that every business or industry applying for emission permits must first have acquired town planning and building permits, as well as an environmental impact study.
In 2011, a German court jailed six men over a E300m ($391m [pounds sterling]249m) fraud selling carbon emission permits through Deutsche Bank.
Fertilizer company CF Industries Holdings Inc (NYSE:CF) announced on Tuesday the receipt of final air emission permits with respect to its urea expansion projects in Louisiana & Iowa.
A platform allowing businesses in the southern city of Shenzhen to trade carbon emission permits among each other held an official launch ceremony and has completed several trades, a spokeswoman for the city's foreign affairs office who did not provide her name told AFP.