Guam, American Samoa, the Commonwealth of the Northern Mariana Islands, and any other commonwealth, territory, or possession of the United States. (8) Vintage year The term vintage year means the calendar year for which a carbon permit is established under section 9902. 9902. Carbon permits (a) In general The Secretary, in consultation with the Administrator, shall establish a separate quantity of carbon permits for calendar year 2019 and each calendar year thereafter, as set forth under subsection (b). (b) Emissions reduction schedule (1) In general The quantity of carbon permits established by the Secretary, in consultation with the Administrator, under subsection (a) for any calendar year before 2050 that is between the nearest target years specified in paragraph (2) preceding and succeeding such calendar year shall be the quantity of such permits that represents an equal, pro rata reduction from the preceding year to the succeeding year. (2) Targets (A) Initial target The quantity of carbon permits established for 2019 shall be equal to 12.5 percent less than the number of metric tons of carbon dioxide emitted in the United States in 2005. (B) Decadal targets The quantity of carbon permits established for— (i) 2020 shall be equal to 20 percent less than the number of metric tons of carbon dioxide emitted in the United States in 2005, (ii) 2025 shall be equal to 30 percent less than the number of metric tons of carbon dioxide emitted in the United States in 2005, (iii) 2030 shall be equal to 40 percent less than the number of metric tons of carbon dioxide emitted in the United States in 2005, (iv) 2035 shall be equal to 50 percent less than the number of metric tons of carbon dioxide emitted in the United States in 2005, (v) 2040 shall be equal to 60 percent less than the number of metric tons of carbon dioxide emitted in the United States in 2005, (vi) 2045 shall be equal to 70 percent less than the number of metric tons of carbon dioxide emitted in the United States in 2005, and (vii) 2050 shall be equal to