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Tag archives for cap and trade

States, Studies React to EPA Rule Release

On the coattails of the U.S. Environmental Protection Agency’s proposed rule for regulating carbon dioxide emissions from existing power plants, the White House issued a report on the health effects of climate change. The seven-page report outlines six major risks linked to rising temperatures—asthma, lung and heart illnesses; infectious disease; allergies; flooding-related hazards and heat stroke. But one week after release of the…

Carbon Markets Show Glimmers of Recovery in 2014

A year after the launch of its cap-and-trade program, California formally linked its emissions trading scheme with Quebec’s—enabling carbon allowances and offset credits to be exchanged between participants in the two jurisdictions. The linkage, which marks the first agreement in North America that allows for the trading of greenhouse gas emissions across borders, is designed to escalate…

Can Green Replace Gold When it Comes to REDD?

Warsaw climate talks give surprise boost to a struggling UN plan to provide incentives to reduce deforestation Chris Meyer sounded cautiously optimistic on the phone a few days ago. He’s had plenty of time to reflect on the two-week UN climate negotiations in Warsaw in November. Those talks yielded only modest progress on a range…

REDD+ Can Be a Game-Changer in the Battle Against Tropical Deforestation

In a high profile side event to the UN General Assembly next week, UN agencies, NGOs and the private sector will gather at the Wildlife Conservation Society’s Bronx Zoo to celebrate recent successes in forest protection to combat climate change and call for much greater future investment.

One Way China is Getting Serious About Climate Change

China, the world’s top emitter of greenhouse gasses, has a plan to use climate change to is economic advantage. It’s plan is very, well, American.

NOAA, Others Predict Active Atlantic Hurricane Season

The National Oceanic and Atmospheric Administration (NOAA) released its predictions for hurricane activity, ahead of the official start of the storm season June 1. In the Atlantic, NOAA forecasts an active season with 13 to 20 named storms. Seven to 11 of those storms, NOAA said, could actually develop into Category 1 or higher hurricanes. As many as three…

European Union Rejects Carbon Market Solution

The European Union Parliament rejected a proposal to backload the auctioning of credits within its Emissions Trading Scheme this week. The proposed “backloading” plan would have removed a surplus of emissions permits from the world’s largest carbon market—potentially saving it from collapse and making fossil fuels more expensive for utilities and factories to burn. The surplus, partly a result of the…

A Wind Tax Credit, Indefinitely?

In last week’s State of the Union address, President Barack Obama called for doubling research and development funding for renewable energy. A policy document released by the White House following the State of the Union proposes making the wind production tax credit—which was renewed in January for one year as part of the deal to avert the fiscal cliff—permanent. “To once…

Fiscal Cliff Deal Reached, Clean Energy Not Forgotten

After months of negotiating, lawmakers in Washington, D.C., reached an agreement to avoid the so-called “fiscal cliff.” Featured in the measure is an extension of a renewable electricity production tax credit for wind, geothermal and some biomass projects, which gives credit for each kilowatt-hour of energy they produce. Highly contested prior to the bill’s passing was the credit’s impact on the wind industry. The credit, which offers 2.2 cents per kilowatt-hour of…

Climate Change under the Microscope in Report, Leaked IPCC Draft

As lawmakers in Washington, D.C., debate the so-called fiscal cliff—when U.S. federal tax increases and spending cuts are due to take effect at the end of 2012—new research in the journal Nature Climate Change says we are already at the edge of a climate cliff. It explores the cost and risk associated with surpassing critical emissions thresholds by 2020, and what would need to…

Climate Change a Focus for President in Second Term

In his first press conference since being re-elected, President Barack Obama acknowledged he’ll focus on climate change in his second term. “I am a firm believer that climate change is real, that it is impacted by human behavior, and carbon emissions,” Obama said at a televised news conference on Wednesday. “And as a consequence, I think we’ve got an obligation to…

Climate Change Back on Political Radar after Sandy, Election

In his re-election victory speech, President Barack Obama finally touched on a seldom-mentioned issue of the campaign—climate change: “We want our children to live in an America … that isn’t threatened by the destructive power of a warming planet.” Whether or not Hurricane Sandy can be  attributed to climate change, the storm’s devastating flooding brought…

Hurricane Isaac Disrupts Energy Production, Stirs Old Wounds

While Hurricane Isaac managed to leave Gulf oil platforms largely untouched, New Orleans’ strengthened levees were put to the test as the storm made landfall on the seventh anniversary of Hurricane Katrina. More than 90 percent of all oil production and roughly 66 percent of all gas output was shut down as a precautionary measure as Isaac approached the Louisiana coast Tuesday. As…

Reach of BP Oil Spill Still Strong Two Years Later

BP has made headlines again, two years after the Gulf oil spill. For the spill, the company stands to pay billions of dollars in environmental fines under the Clean Water Act; a new study indicates thousands of jobs could be created along the coast if those funds were used for coastal restoration. Specifically, if $1.5 billion per…

Obama Moves Ahead with Oil Sanctions as Gas Prices Climb

Before Congress headed home for spring recess, the Senate, with a rate vote of 100, approved President Obama’s new round of sanctions designed to deter Iran’s nuclear ambitions. The president’s decision was based on an analysis of current oil supply and the likely effect of further sanctions on prices. The Senate also shot down the president’s bid to reduce subsidies to oil producers. Oil…