emission rights

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emission rights:

see pollution allowancepollution allowance
or emission rights,
government-issued permit to emit a certain amount of a pollutant. The holder of the permit may use it to pollute legally, may trade permits, or may sell the permit for a profit.
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References in periodicals archive ?
The practice of emission rights is to use Coase's externality bargaining mechanism (Coase, 1960).
In 2011 the EPA responded with the Cross State Air Pollution rule, which again allowed the trading of emission reduction quotas, but with constraints so that all upwind states would have to reduce emissions rather than simply buy emission rights sufficient to allow their emissions.
The grandfathering approach bases emission rights on existing patterns.
The accounting treatment for emission rights has been a topic which is extensively discussed within the IASB3.
The amount of electricity produced by TVO's share at Meri-Pori coal-fired power plant on January 1 - June 30, 2011 was 730.4 (862.8) GWh requiring 243.8 (298.7) thousand tons of coal and 580.1 (702.2) thousand tons of carbon dioxide emission rights.
Taipei, July 20, 2011 (CENS)--The United Kingdom has recently agreed to allow Taiwan to trade carbon emission rights on its U.K.
The auditors' report has alleged misuse of funds in the previous government from selling carbon emission rights under the Kyoto protocol.
The target applies to operations not covered by the system of trade in emission rights. This means that for the non-trading sector emissions of greenhouse gases in 2020 should be reduced by about 20 million tons of carbon dioxide equivalents in relation to the 1990 level.
The consequences of the failure are already apparent: the price of emission rights in the European Union Emission Trading System has fallen, which means that firms will have less incentive to reduce emissions now and less incentive to invest in innovations that will reduce emissions in the future.
Poland could generate around EUR1.6bn by 2012 from selling carbon dioxide emission rights to other countries, according to Environment Minister Maciej Nowicki.
Solvay Energy will negotiate and manage main contracts for natural gas, coal, coke, fuel, electrical energy, steam, and carbon dioxide emission rights on behalf of the entities of the group.
The European Energy Exchange (EEX) and Eurex are expanding the offering of futures on emission rights. Pending approval of the EEX Exchange Council, the new futures will be launched as of 27 October 2009.