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Tag archives for cap and trade

Extension of California’s Cap-and-Trade Program Entails Tough Balancing Act

On Monday California Governor Jerry Brown and legislative leaders released a plan to extend through 2030 the state’s cap-and-trade program, which limits carbon emissions and requires polluters to buy allowances for greenhouse gas emissions—that is, permits to pollute. The deal updates how carbon emitters can use pollution allowances and offsets, empowers the California Air Resources…

California’s Cap-and-Trade Program Survives Legal Challenge

Last week, California’s Cap-and-Trade Program to reduce carbon emissions was handed a victory when a state appeals court ruled that program’s auction of emissions permits does not constitute an illegal tax because the program is voluntary and the emissions permits have value. In a 2–1 vote, the Court of Appeal for the Third Appellate District…

California Increases Climate Ambitions with Landmark Legislation

Two laws signed by Gov. Jerry Brown will ratchet up California’s fight against climate change by launching efforts to reduce emissions 40 percent below 1990 levels by 2030. SB-32 calls for increased renewable energy use, more electric cars, improved energy efficiency, and emissions cuts from key industries. AB-197 provides aid to low-income or minority communities…

Study Quantifies Climate-Change-Related Deaths

A study in Environmental Research Letters suggests a fifth of premature deaths during a 2003 heatwave in Europe are linked to human-caused climate change. “We are now able to put a number on the deaths caused by climate change in a heat wave,” said lead author Daniel Mitchell of the University of Oxford. “This has…

China Announces Cap-and-Trade Program

On his visit to Washington last week, Chinese president Xi Jinping announced that his country, the world’s biggest carbon polluter, will launch a national cap-and-trade scheme in 2017. The move would make China the world’s biggest carbon market and could strengthen global efforts to put a price on carbon. The planned emissions trading program will…

EPA Delays Release of Carbon Emissions Rules for Power Plants

The Environmental Protection Agency (EPA) is delaying the release of carbon emissions rules for all power plants and will publish them for new as well as existing plants at the same time mid-summer. “It’s become clear to us … that there are cross-cutting topics that affect the standards for new sources, for modified sources and…

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…