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U Chicago, MIT study suggests ongoing use of fossil fuels absent new carbon taxes

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A paper by a team from the University of Chicago and MIT suggests that technology-driven cost reductions in fossil fuels will lead to the continued use of fossil fuels—oil, gas, and coal—unless governments pass new taxes on carbon emissions. for oil, 24% for coal, and 20% for natural gas. —Christopher Knittel.

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IRENA, IEA study concludes meeting 2?C scenario possible with net positive economics

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The Paris Agreement reflected an unprecedented international determination to act on climate. We are in a good position to transform the global energy system but success will depend on urgent action, as delays will raise the costs of decarbonization. Coal use would decline most rapidly. —IRENA Director-General Adnan Z.

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UK launches new $1.6B commercialization program for Carbon Capture and Storage (CCS) and first UK CCS Roadmap; making a play for global leadership

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The UK Department of Energy and Climate Change (DECC) has launched a new competition for Carbon Capture and Storage (CCS) technology to drive down costs by supporting practical experience in the design, construction and operation of commercial scale CCS ( CCS Commercialization Programme ) with £1 billion (US$1.6 billion [US$10.4

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Obama Administration Announces $8.33B in Loan Guarantees for New Nuclear Power Reactors in Georgia; First New US Nuclear Power Plant Project in Nearly 3 Decades

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To meet our growing energy needs and prevent the worst consequences of climate change, we need to increase our supply of nuclear power and today’s announcement helps to move us down that path. Total cost of the new units is currently projected to be approximately $14 billion.

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Senators Kerry and Lieberman Release Details of Energy and Climate Bill; Incentives for Electric Drive and Natural Gas Vehicles

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Chairman of the Homeland Security and Governmental Affairs Committee, released the details of their long-anticipated energy and climate change legislation on Wednesday, 12 May. Industrial sources will not enter the program until 2016. Tags: Climate Change Emissions Policy. Senators John Kerry (D-Mass.),

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Renewable Energy Generation: Change is not a destination, just as hope is not a strategy, a lesson exported from Detroit

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Fifty years later, the USA is faced with a similar challenge, energy independency and climatic change. mpg by 2016. Their business model dictates that they pursue the lowest-cost power source and charge the highest premiums they can for the product in an open, but federally controlled, market. cents/ kWh in Hawaii to 5.61

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EPA releases final Clean Power Plan; 32% reduction in CO2 from power plants by 2030

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EPA said that in addition to its projected climate benefits, the CPP will result in the avoidance each year of : 1,500 to 3,600 premature deaths. EPA thus estimates that the CPP will result in public health and climate benefits worth an estimated $34 billion to $54 billion per year in 2030, against implementation costs of $8.4

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