Speaker Nancy Pelosi released the following statement today on news that the Obama Administration, joined by other G-8 leaders in Italy today, agreed in principle to reduce greenhouse gas emissions in developed countries by 80 percent by 2050:

“The agreement reached by the G-8 today demonstrates that President Obama and the international community are committed to addressing climate change, and doing so with great urgency. This underscores the importance of the American Clean Energy and Security legislation passed by the House last month because the United States will be negotiating in Copenhagen with the weight of strong congressional action. Read more

Last week the U.S. House of Representative approved a 1,500 page piece of legislation aimed at reducing America’s output of carbon emissions, which supporters suggest contributes to global climate change. If implemented, the legislation would require a 17 percent reduction (from 2005 levels) in carbon emissions by 2020 and an 83 percent reduction by 2050. Read more

First-of-its-Kind Report by Leading Clean Technology CEOs, Venture Capitalists and Academics Identifies How to Reduce a Billion Tons of CO2 from Each of Eight Existing Industries, Add Millions More Jobs than Fossil Fuel Industries, and Ensure Energy Independence

In a presentation before national policymakers and analysts today, leading clean energy CEOs, venture capitalists and academics unveiled the “Gigaton Throwdown,” an assessment of the nation’s clean energy potential that identifies seven industries capable of creating 5 million clean energy jobs and reducing CO2 emissions by 5-7 gigatons by 2020. The report, a collaborative effort between leading researchers at UC Berkeley, MIT, University of Michigan, Stanford, and Drexel University, and clean tech leaders, challenges Washington policymakers to remove obstacles that keep billions of capital investment dollars sitting on the sidelines.

“What we’ve outlined today is an ambitious goal, but one that is entirely attainable through hard work and a concerted effort between government, business and private investment,” said Sunil Paul, founder of the Gigaton Throwdown and founding director of Spring Ventures. “We are at a crossroads, and the U.S. has an opportunity to become a leader in this new global sector if we act now. To us the choice is clear.” Read more

 

 WASHINGTON, March 25 /PRNewswire/ — Flawed mathematical modeling rarely makes for a sexy story, but the latest round of CO2 data errors are heating up. The Center for Global Development’s (CGD) carbon monitoring project, CARMA, has placed China atop the heap of bad-guy emitters, prompting a flurry of cross-pacific finger pointing. But the numbers are wrong.

An independent audit conducted by data company Performeks LLC found that CARMA overestimated the CO2 emissions of its worst ranked emitter, a Chinese power company, by more than 80 million tons. CO2 over-estimates for CARMA’s first, sixth and ninth ranked carbon emitting companies, China’s Huaneng, Datang and Huadian, total 148 million tons of CO2.   Read more

Just a few weeks after President Obama asked Congress to send him legislation “that places a market-based cap on carbon pollution and drives the production of more renewable energy in America,” the Discovery Channel will air an original one-hour special on the thrilling energy breakthroughs poised to take off when Congress rises to the challenge. “Earth: The Sequel,” premieres Wednesday, March 11 at 10 PM (ET/PT) and features Fred Krupp, President of Environmental Defense Fund (EDF), as well as numerous clean energy entrepreneurs working to build a viable – and highly profitable – future for our planet. Read more

Efforts by China, Brazil and Others in Many Ways Surpass Those of U.S., WWF CEO Says in Testimony

After years of the U.S. failing to address the climate crisis under the previous administration, China, Brazil and other emerging economies are moving forward, setting ambitious emissions targets and disproving the conventional wisdom in Washington that says they do not take climate change seriously and are unwilling to take action, World Wildlife Fund CEO Carter Roberts told Congress today. As the Obama Administration and Congress reclaim U.S. leadership on the critical issue of climate change, they will find willing allies in the developing world, Roberts said.  Read more

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