Discussions on comprehensive, emissions-focused measures often fall into two camps: a global cap-and-trade scheme aimed at controlling carbon or a tax on all carbon emissions. But a new study by researchers at MIT finds that a “segmental” approach — involving separate targeting of energy choices and energy consumption through regulations or incentives — can play an important role in achieving emission reductions. The study press release and a link to the report top our Leads section.
Plus, Bloomberg reports EU adopts emergency carbon fix law to curb permit glut and Reuters offers U.S. states urge regulator to adopt their emissions strategies.
Quote of the Day:
“It really is a slap in the face for manufacturers. Maybe they underestimate the efficiency with which markets can work if they are allowed to work.”
–Dow Chemical’s director of global climate change policy, in Bloomberg’s “EU Climate and Energy Squeeze on Industry Backfiring, Dow Says”
Study finds piece-by-piece approach to emissions policies can be effective
MIT News Office
Discussions on curbing climate change tend to focus on comprehensive, emissions-focused measures: a global cap-and-trade scheme aimed at controlling carbon, or a tax on all carbon emissions. But a new study by researchers at MIT finds that a “segmental” approach — involving separate targeting of energy choices and energy consumption through regulations or incentives — can play an important role in achieving emission reductions.
Effectiveness of a Segmental Approach to Climate Policy
Pricing Carbon Not Just A Fad, Says CDP
Even in the absence of global regulation of greenhouse gas (GHG) emissions, dozens of international corporations are seeing the wisdom in setting an internal carbon price to help guide their business decisions, according to a new white paper by the CDP (formerly known as the Carbon Disclosure Project). Technology giant Microsoft, which charges its business units a carbon fee as part of its efforts to reduce its GHG emissions, has published a helpful how-to-guide for companies that want to follow in its footsteps.
**RKB — Find an archive of the CDP release in our Reports section.
EU Adopts Emergency Carbon Fix Law to Curb Permit Glut
The European Union adopted an emergency law change to alleviate a record glut of emission permits in the region’s carbon market and help prices recover from near all-time lows.
EU Climate and Energy Squeeze on Industry Backfiring, Dow Says
Europe’s “backfiring” climate and energy policies are adding to high natural gas costs and holding back Dow Chemical Co.’s investment in the region, said the company’s director of global climate change policy.
Regulators pose threat to EU green energy and industry
A formal enquiry by EU regulators into German energy subsidies, expected this week, threatens to hand heavy industry a multi-billion euro bill and jeopardises Europe’s shift to green energy, campaigners and lawyers say.
U.S. states urge regulator to adopt their emissions strategies
Fifteen U.S. states have urged the top environmental regulator to adopt their carbon-cutting policies as a template for future federal rules to cut greenhouse gas emissions from power plants, the country’s largest source of pollution.
Editorial: A Fight Over Cross-State Pollution
The New York Times
The Environmental Protection Agency is charged by the Clean Air Act with setting air-quality standards and issuing regulations to limit pollutants like life-threatening particulate matter and ozone. Because bad air often travels far from its source — 93 percent of the air pollution in New Haven, Conn., for example, comes from other states — the act’s “good neighbor” policy requires that every state work to assure that the pollution from its power plants does not “contribute significantly” to the pollution in other states. If a state has no plan or an inadequate one, the E.P.A. can impose its own.
U.S. trade talks could deliver cheaper energy for Europe
European negotiators, hoping to cut fuel bills, will press their U.S. counterparts in Washington this week on including energy exports in a transatlantic trade pact that aims to integrate two markets accounting for half the world’s economy.
USDA, EPA Partnership Supports Water Quality Trading Program
The U. S. Department of Agriculture (USDA) and the Environmental Protection Agency (EPA) have announced an expanded partnership to support water quality trading and other market-based approaches that provide benefits to the environment and economy.
China weighs eco-compensation
Xinhua Global Times
Chu Chenglong, 56, never imagined that one day he would not be able to farm fishes. Starting March this year, more than 60 of Chu’s fish ponds, along with those of other aquiculturists, were removed from Foziling Reservoir in Huoshan county, East China’s Anhui Province.
Global Warming Explained, In About A Minute
On a pleasant day in 2011, researchers roamed San Diego’s public parks in search of volunteers to fill out anonymous surveys about global warming. In the end about 270 responses were collected from a mix of park visitors and nearby community college students.
Climate Leadership Conference
Association of Climate Change Officers
February 24-26, 2014
San Diego, CA
Navigating the American Carbon World (NACW) 2014
March 26-28, 2014
San Francisco, California
EU reaches deal to cap super-warming F-gases
The European Union on Monday reached a tentative deal on limiting the use in fridges and air conditioners of fluorinated gases that have a global warming potential thousands of times greater than carbon dioxide.
Initiative: Carbon-credit dollars for timber lots
For most of Oregon’s history, the forests like the ones near Paul Nys’ house were places where a landowner could get wealthy. Cultivated from seed, rows of trees were grown to a healthy middle age and then chopped down, buzzed into lumber at sawmills and shipped out.
Corning Inc. gets $30 million tax credit
Corning Inc. is getting a $30 million tax credit from the federal government.The 48-C Tax Credit is part of a $150 million package that will go toward investments in manufacturing facilities by 12 firms. The benefit will allow Corning to expand the manufacturing capacity of its diesel emissions control products facility in Erwin, N.Y.
Natural Gas/Coal/Alternative Fuels
RPT-UPDATE 2-Shale boom could bring record US oil output in 5 years-EIA
U.S. crude oil production, rejuvenated by the advent of “fracking” shale formations, will approach historic highs by 2019, the Energy Information Administration (EIA) said on Monday, raising its forecast to levels that would have been unforeseen just a few years ago.
U.S. forecasts natural gas boom through 2040
America’s energy boom will continue for decades, and natural gas will replace coal as the largest source of U.S. electricity by 2035, the Department of Energy forecast today.
Buffett’s MidAmerican Gives Siemens Biggest Turbine Order
MidAmerican Energy Holdings Co., the power unit of Warren Buffett’s Berkshire Hathaway Inc. (BRK/A), agreed to buy wind turbines valued at more than $1 billion from Siemens AG (SIE) for five projects in Iowa, in the supplier’s biggest order to date for land-based wind equipment.
Siemens Says Cape Wind Farm Starts Work, Meeting Deadline
Cape Wind, the proposed $2.6 billion wind farm off the coast of Massachusetts criticized by local residents including the Kennedy family, will qualify for a key federal tax credit that expires at the end of the year, according to its turbine supplier Siemens AG. (SIE).
U.K. Offshore Wind Risks Failing to Reach 10 Gigawatts
The U.K. risks failing to attain the 10 gigawatts of offshore-wind power it says is possible by 2020 unless the country does more to curb construction and financing hazards for developers, Bloomberg New Energy Finance said.
Advanced Plasma Wins Approval for Trash-to-Power Plant
Advanced Plasma Power Ltd., a U.K. waste-to-energy developer, won consent to build a facility in central England that will use trash to generate electricity.
Brazil’s Chesf Gets $516 Million to Upgrade Northeast Power Grid
Chesf, a unit of Brazil’s state-run power utility, will receive 1.2 billion reais ($516 million) in loans from development bank BNDES to upgrade its electricity grid and build power lines in the northeast.
Use of internal carbon price by companies as incentive and strategic planning tool (Posted December 11, 2013)
OECD: Effective carbon prices (November 4, 2013)
Global 500 Climate Change Report 2013 (Posted September 12, 2013)
The Future of China’s Power Sector (posted August 27, 2013)
Bloomberg New Energy Finance
Sub-national involvement in NAMA development (posted August 7, 2013)
Ecofys’ International Climate Policies Unit
U.S. Energy Sector Vulnerabilities to Climate Change and Extreme Weather (Posted July 14, 2013)
U.S. Dept. of Energy