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It required the State Air Resources Board to establish a program for statewide greenhouse gas emissions reporting and to monitor and enforce compliance with this program, authorizes the state board to adopt market-based compliance mechanisms [11] including cap-and-trade, and allows a one-year extension of the targets under extraordinary ...
On December 17, 2010 ARB adopted a cap-and-trade program to place an upper limit on state-wide greenhouse gas emissions. This is the first program of its kind on this scale in the United States, though in the north-eastern United States, the Regional Greenhouse Gas Initiative works on a similar principle.
The tax was opposed by the energy-intensive industry, who feared that the price increase caused by the tax would make U.S. products undesirable on an international level, and thus was never fully implemented. [27] In 1994, the U.S. called for a new limit on greenhouse gas emissions post-2000 in at the August 1994 INC-10.
Other greenhouse gas emission sources, such as suppliers of transportation fuels, must comply with the cap beginning in 2015. Among other things, the Western Climate Initiative lays the foundation for a North American cap-and-trade program, not only in its design and implementation, but in its potential acceptance of greenhouse gas emissions ...
The cap-and-trade program proposed by the legislation would reduce overall greenhouse gas emissions while generating revenue. A June 2009 analysis by the Congressional Budget Office (CBO) projected that the program would be deficit-neutral and would cost households an average of $175 per year.
The program was initiated to accelerate the examination of patent applications relating to certain green technologies, including the energy sector. [38] The pilot program was initially designed to accommodate 3,000 applications related to certain green technology categories, and the program was originally set to expire on December 8, 2010.
It also strives to make every building energy efficient. One of the main factors for its proposal was a United Nations report released in October 2018 stating that "the world must cut greenhouse gases by almost half by 2030" [102] to avoid the fate of irreversible damage by 2030, if the United States continues business as usual. "To stop ...
The Regional Greenhouse Gas Initiative (RGGI, pronounced "Reggie") is the first mandatory market-based program to reduce greenhouse gas emissions by the United States.RGGI is a cooperative effort among the states of Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Rhode Island, Vermont, and Virginia to cap and reduce carbon dioxide (CO 2) emissions ...