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Cap and trade is touted as a method of reducing greenhouse gas (GHG) emissions based on:
* capping the amount of GHGs that a plant can emit (in total tonnes/yr) with a declining permitted amount over the following years. * emissions in excess of the permitted amount cost the firm a fee (say $10/tonne) Assume the company can either pay the fine or put in pollution control equipment which would remove GHGs at a cost of more than $10/tonne.
What is supposed to happen next is that another firm which will be below its permitted emission rate will step up and sell the "hole" for $8/tonne, making money for themselves and saving the first company $2/tonne. Alternately if the first company can put in a GHG control system at the second company for less than one at their own plant site they will do that and claim the reduction for themselves.
What I have seen happen is that, since this activity looks more like commodity trading than pollution control, the company's trading staff get involved instead of the environmentalists and engineers. You soon have a futures' market in GHGs - big bucks to be made by all.
Except the purpose of the program is to reduce GHGs not play with them. Furthermore all nations need to "play" to make the system work. China and India for their own economic interests, especially in the current worldwide collapse, have indicated they will not participate. This directly increases their economic competitiveness relative to any nation that participates in this system and will cause migration of jobs and production to non cap-and-trade nations. In addition the costs of administrating and monitoring this international bureaucracy would have to be substantial and would be unwieldy.
What else can I help you with?
What does stem -cap- mean?
"Stem cap" typically refers to the top cap of a bicycle stem, which is the component that secures the handlebars to the steerer tube of the fork. It provides a cover for the top of the steerer tube and may serve as a point for attaching accessories such as a computer or light.
A 10-state effort to reduce carbon dioxide emissions includes what kind of auctions?
sturm and drag! or cap and trade or put and call. but i dont know
What does NAF trade mean?
NAF trade stands for Non-Agricultural Market Access trade. It refers to negotiations between countries to reduce tariffs and other trade barriers on non-agricultural products, such as manufactured goods and services. The goal of NAF trade is to increase market access and promote international trade in sectors outside of agriculture.
What is apical cap?
The root apex is provided with a protective covering, it is apical cap or root cap
What does fta nwni mean?
"FTA NWNI" typically stands for "Free Trade Agreement, No Waivers, No Incentives." It refers to trade agreements between countries that eliminate tariffs and trade barriers, ensuring that no additional incentives or waivers are applied to specific goods or services. This type of agreement aims to create a level playing field for trade without preferential treatment.
What is mean by hand cap?
any hand cap
With a red carpet lease a manufacturers rebate to a customers trade equity ia called what?
Trade equity and rebates are both forms of "cap cost reduction". The initial capitalized cost (cap cost) would be the selling price of the vehicle. You can add to the cap cost with things such as acquisition fees. You can reduce the cap cost with things like downpayment, rebates and trade equity.
What does the M mean on the Atlanta Braves cap?
The cap is a retro cap and it stands for Milwaukee
What does une casquette mean in English?
"Une casquette" translates to "a cap" or "a baseball cap" in English.
The idea that countries can only become rich if they trade is called?
cap
What are the benefits of cap and trade in reducing carbon emissions and promoting sustainable practices?
Cap and trade systems can help reduce carbon emissions by setting limits on pollution and allowing companies to trade permits. This encourages businesses to find innovative ways to reduce their emissions and promotes sustainable practices. By creating a financial incentive to cut emissions, cap and trade can drive investment in clean technologies and help combat climate change.
What does a no cap season mean?
a no cap season means to not make fun of someone for that season
What does voluntary trade mean?
voluntary trade probably mean means to volunteer trade.
Why is cap and trade being proposed?
The goal behind cap and trade is to hold companies and industries that produce disproportional amounts of pollution responsible. The idea behind cap and trade is that companies that produce large amounts of pollution must either curb their emmissions or invest in a "Eco-friendly" business or industry, to offset the pollution they are creating. So cap and trade aims to equal out the amount of pollution a dirty industry (like coal) produces with environmentally-sound industries (like wind power), and halt the emission of Carbon dioxide into our atmosphere from human productions.
What does trade and trade routes mean?
no
How does cap and trade FIGHT air pollution?
Cap and trade fights air pollution by setting a limit (cap) on total greenhouse gas emissions for specific industries. Companies are allocated or can purchase emissions allowances, which they can trade among themselves. This creates a financial incentive to reduce emissions; companies that lower their pollution can sell their excess allowances to those that need more. Over time, the cap is gradually lowered, leading to overall reductions in air pollutants and encouraging investments in cleaner technologies.
Wool cap with MEOW on the front what does it mean?
A wool cap with the word MEOW on the front does not mean anything other than the wearer likes cats.
