Jun

29

Green America Recognizes the House Passage of ACES as a First Step, Seeks Strengthened Bill in the Senate

Filed Under ACES Bill, American Clean Energy and Security Act, CO2 Emissions, Carbon Trading, US Cap and Trade | Comments Off

Green America recognizes the passage of the American Clean Energy and Security Act (ACES) as an important step forward towards the comprehensive approach needed to reduce climate emissions and increase clean energy usage in the United States.

As the Senate takes up its version of this legislation, Green America, on behalf of its 120,000 individual and 5,000 business members, calls on Senators to build on the work of the House and strengthen the legislation to create accelerated reductions in carbon emissions, a faster phase out of dirty coal plants, and greater funding of clean energy sources. Read more

Mar

5

Congress to Vote on ‘Cap-and-Trade’ Legislation by Summer

Filed Under CO2, CO2 Emissions, Cap and Trade Legislation, Climate Legislation, Obama | Comments Off

Two weeks after President Obama challenged Congress to send him a bill that “places a market-based cap on carbon pollution and drives the production of more renewable energy,” House and Senate leaders responded with an ambitious timetable for new “cap-and-trade” legislation, including a final Senate vote by the end of summer.  Read more

Mar

4

Developing Nations Are Taking Strong Action on Climate Change, Carter Roberts Tells Congress

Filed Under CO2, CO2 Emissions, Carbon Dioxide, Carbon Emissions | Comments Off

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

Mar

2

Could Obama’s carbon cap and trade backfire?

Filed Under CO2 Emissions, Cap and Trade, Obama Cap and Trade, US Cap and Trade, United States Cap and Trade | Comments Off

That is the question asked by the investment website Seeking Alpha:

…will cap-and-trade drive the production of more clean energy? Or will the law of unintended consequences take over, leading to more, not less, coal being burned to generate electricity?

Everyone assumes that it is going to cost between roughly $30 to $70 to buy a one-ton carbon credit in the open market Obama’s legislation would create. What if the price is significantly less than that? What if the price is so low it is more economical for a power plant owner to keep burning coal, instead of switching to cleaner natural gas, and simply buy enough credits to offset the plant’s excess CO2 emissions?  Read more