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    energinnova
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    This document outlines an emissions trading system, noting emissions in 1990 as a 100% reference value, with a target value of 79% for 2008. It describes Company A being over the target value and needing to purchase certificates, while Company B is below the target and can sell certificates, which are exchanged on a certificate market.

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    Figure11.16

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    This document outlines an emissions trading system, noting emissions in 1990 as a 100% reference value, with a target value of 79% for 2008. It describes Company A being over the target value and needing to purchase certificates, while Company B is below the target and can sell certificates, which are exchanged on a certificate market.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    5 views1 page

    Figure11 16

    Uploaded by

    energinnova
    This document outlines an emissions trading system, noting emissions in 1990 as a 100% reference value, with a target value of 79% for 2008. It describes Company A being over the target value and needing to purchase certificates, while Company B is below the target and can sell certificates, which are exchanged on a certificate market.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Emissions in 1990 as reference value: 100 per cent

    Target emissions in 2008:79 per cent

    Emissions

    Company A

    Company B

    Company A is over the target value and has to purchase certificates.

    Company B is below the target value and can sell certificates. Exchange Certificates are sold on the certificate exchange.

    Figure 11.16 How emissions trading works


    Source: The authors

    Emissions

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