ENSC 310 Lecture Notes - Lecture 17: Risk Perception, Committee On The Status Of Endangered Wildlife In Canada, Joint Implementation
22 Dec 2016
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Need effective monitoring and enforcement of holders of permits and penalising industry though. emitters who over-emit: so2 emissions fell 68% in 5 years at about 10% of the forecast cost. Reduced them later for new standards (2000: epa co emissions, nox, and cfcs all used permit trading. Much less successful than the so2 program; the others had much more regulations (command and control combination). First us-canada sale of permits was in 1998. Generation, opg) sold 500 tonnes or k worth of nitrogen oxide credits to the. Pilot program set up in ontario; involved us utilities. Opg modified technology at 2 of its electricity generating facilities had credits left to sell. 1/11 of them it sold to connecticut jurisdiction; you have to buy more permits. No points for buying permits from downwind jurisdictions e. g. connecticut needed to buy 50% more credits from ontario than say, ny state. You(cid:495)d rather a utility buys permits from nearby provinces or states.
