Remove 2005 Remove Financing Remove Grant Remove Legal
article thumbnail

Senators Sanders, Boxer propose legislation to institute GHG price on large stationary sources and remove support for fossil fuel industries

Green Car Congress

The legislation also proposes numerous actions against financing and support for fossil fuel industries. Among the financing provisions of the legislation are: Price on carbon. trillion in revenue over 10 years and reduce GHG emissions by approximately 20% from 2005 levels by 2025. Bernie Sanders (I-Vt.) International sources.

Industry 259
article thumbnail

Obama Announces Steps to Boost Biofuels, Clean Coal; RFS2, BCAP, BIWG and Carbon Capture and Storage Task Force

Green Car Congress

Second, the US Department of Agriculture proposed a rule on the Biomass Crop Assistance Program (BCAP) that would provide financing to increase the conversion of biomass to bioenergy. Percent reduction from 2005 baseline). Renewable fuel. Advanced biofuel. Biomass-based diesel. Biomass Crop Assistance Program.

Obama 218
article thumbnail

Devil in the Details: World Leaders Scramble To Salvage and Shape Copenhagens UNFCCC Climate Summit

Green Car Congress

The 15 th Congress, also known as the 15 th Conference of Parties, or COP 15, was initially intended to be a largely procedural summit, with many major negotiating points settled and most environmental ministers prepared to sign a binding emissions treaty that contained specific emissions targets as well as commitments to financing structures.

Climate 236
article thumbnail

Perspective: The UN Approval Process for Carbon Offsets

Green Car Congress

Since 2005, when major greenhouse-gas emitters among the Kyoto signatories were issued caps on their emissions and permitted to buy credits to meet those caps, there has been more than $300 billion worth of carbon transactions. Perspective by Brian J. Donovan, CEO of Renergie, Inc. INTRODUCTION.

Carbon 255
article thumbnail

Perspective: Why Carbon Emissions Should Not Have Been the Focus of the UN Climate Change Summit and Why the 15th Conference of the Parties Should Have Focused on Technology Transfer

Green Car Congress

This article discusses: (a) why the focus should have been on the transfer of proven renewable energy technology from developed to developing countries; and (b) how this technology transfer can be financed with currently available funds. But starting to raise immediate finance is more important than determining its exact future size.

article thumbnail

Perspective: Regional Greenhouse Gas Cap-and-Trade Programs May be the Solution

Green Car Congress

The program will reduce emissions fifteen percent below 2005 levels by 2020. These recommendations call for an economy-wide program that would reduce emissions twenty percent below 2005 levels by 2020, and eighty percent below 2005 levels by 2050, though the 2020 target may decrease to eighteen percent if allowance prices increase too much.

Gas 244