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Saying that “ investment-grade climatechange and clean energy policy is required to shift private sector investment from high-carbon to low-carbon assets ”, a group of 285 investors has urged governments and international policy makers to take new and meaningful steps in the fight against climatechange.
This article shows that including offsets in climatechange legislation would likely make an emissions program more cost-effective by: (a) providing an incentive for non-regulated sources to generate emission reductions; and (b) expanding emission compliance opportunities for regulated entities. Assuming the offset is legitimate—i.e.,
Alberta, Canada’s ClimateChange and Emissions Management (CCMEC) Corporation is awarding more than C$37.5 Since 2007, Alberta companies that annually produce more than 100,000 tonnes of greenhouse gas emissions are legally required to reduce their greenhouse gas intensity by 12%. million (US$36.6 million (US$14.1
“Pack Up Your Toxic, Fossil Fuel Factory With Its Climate-Changing Products & Get Out of Town By 2020!&# Consider this fair and legal warning, world’s largest and most polluting oil company - I’m giving you 10 years to pack up and hit the road. Greenius Rules. They’ve got other priorities.
All the participating jurisdictions are members of the Transportation and Climate Initiative (TCI), a regional collaboration of Northeast and Mid-Atlantic states and the District of Columbia that seeks to improve transportation, develop the clean energy economy, and reduce carbon emissions from the transportation sector.
Researchers from the GEOMAR Helmholtz Center for Ocean Research Kiel have found that considerable quantities of the greenhouse gas methane escape uncontrolled into the water from abandoned oil and gas wells in the North Sea. On the basis of investigations directly on the seafloor it was possible to determine the amount of escaping gas.
The Smith School of Enterprise and the Environment at the University of Oxford recently published a report recommending that individual governments take more action to curb their own greenhouse gas emissions and put pressure on other governments to do the same. International climate negotiations can only go so far.
Simple, effective solutions that can help lessen the impact of climatechange already exist. Rahman, a power expert and professor of electrical and computer engineering at Virginia Tech , is the former chair of the IEEE ad hoc committee on climatechange. It results in higher efficiencies: about 46 percent.
Thirteen scientists and land use experts conclude in a new paper that an important but fixable error in legal accounting rules used to measure compliance with carbon limits for bioenergy could undermine efforts to reduce greenhouse gas emissions by encouraging deforestation. Their paper is published in the 23 Oct. Earlier post.).
Alberta, Canada’s ClimateChange and Emissions Management (CCEMC) Corporation is providing C$46 million (US$45 million) in funding to support six new carbon capture and storage and cleaner technology projects in the Canadian oil sands region. The projects have a combined value of more than $327 million (US$321 million).
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. Verification of the emission reduction or carbon sequestration is critical in efforts to mitigate climatechange.
The formal acknowledgement of the Copenhagen Accord ended a particularly contentious and chaotic set of negotiations, ostensibly capping more than a decade of deliberations towards a framework to reduce global greenhouse gas emissions beyond the terms of the Kyoto Protocol, which expires in 2012. by Jack Rosebro.
This action is based on the premise that federal law preempts state and local tailpipe greenhouse gas (GHG) emissions standards as well as zero emission vehicle (ZEV) mandates. EPA said that the legal basis for withdrawing the California waiver is under CAA section 209(b)(1)(B), which covers compelling and extraordinary conditions.
Alberta-based ClimateChange and Emissions Management Corporation (CCEMC) ( earlier post ) has issued a $35-million open innovation international challenge to create new, carbon-based products and markets. They are estimated to reduce greenhouse gas emissions by approximately 8 megatonnes over 10 years, enough to take more than 1.6
The Advanced Clean Cars package will help clean our air, help us fight climatechange, and perhaps most important for average citizens, save thousands of dollars over the life of the vehicles. The new rules strengthen the greenhouse gas standard for 2017 models and beyond. This marks a new chapter in the history of ARB. ”.
When Congress passed the Clean Air Act, it never gave EPA the explicit authority to regulate greenhouse gas emissions for the purpose of stopping global climatechange. My resolution does, however, keep EPA from threatening Congress with its own greenhouse gas policy as we write legislation. —Congressman Skelton.
introduced legislation that would set an escalating fee on greenhouse gas emissions from large stationary sources to fund investments in energy efficiency and sustainable energy technologies and also provide rebates to consumers to offset increases in energy prices. Bernie Sanders (I-Vt.) and Barbara Boxer (D-Calif.) International sources.
The US Environmental Protection Agency (EPA) released its latest set of proposed standards to reduce emissions of methane and volatile organic compounds (VOCs) from the oil and natural gas industry. The proposal also includes incentives to spur the oil and gas industry to minimize leaks.
The GCEP collaboration expects to benefit from the bank’s expertise in financing sustainable businesses dedicated to addressing climatechange and advancing low-carbon solutions. Bank of America is also working to reduce greenhouse gas emissions from its own operations.
The bill also modifies the Clean Air Act to require the development of greenhouse gas emissions standards for all other mobile sources—e.g., Within three years of enactment, the EPA would need to determine the lifecycle greenhouse gas emissions of all transportation fuels and determine the fuel emission baseline.
Pacific NorthWest LNG is a proposed natural gas liquefaction and export facility on Lelu Island within the District of Port Edward on land administered by the Prince Rupert Port Authority (PRPA). The facility would liquefy and export natural gas produced by Progress Energy Canada Ltd. in northeast British Columbia.
The report concludes that while CCS can play an important role in domestic greenhouse gas (GHG) emissions reductions thereby preserving the option of using coal and other abundant domestic fossil energy resources, it faces a key barrier in the lack of a price on carbon.
IMO said that the move sends a clear signal about its commitment to climatechange mitigation. This would allow a decision to be made on whether any further measures are needed to enhance energy efficiency and address greenhouse gas emissions from international shipping. If so, proposed policy options would then be considered.
The current proposals by developed countries on the table for the upcoming climate negotiations in Copenhagen to reduce greenhouse gas (GHG) emissions do not yet suffice to limit global warming to a rise of 2 °C (based on a long-term 450 ppm concentration of GHG), according to a new report by the Netherlands Environmental Assessment Agency (PBL).
With the first-ever EU emission standards for trucks agreed, we are completing the legal framework to reach the European target of cutting greenhouse gas emissions by at least 40% by 2030. The European Parliament and Council have reached an ambitious and balanced agreement.
Although maritime transport has the lowest ratio of CO 2 emissions per ton-kilometer transported compared to other modes of transport, its greenhouse gas (GHG) emissions are expected to increase from the current level of around 1 gigatonne per year, by an estimated 150-200% over the next four decades. The legal position on shipping emissions.
The National Petrochemical & Refiners Association (NPRA) filed a legal challenge to California’s Low Carbon Fuel Standard (LCFS) with the US District Court, Eastern District of California, Fresno Division. Tags: ClimateChange Fuels Policy. Earlier post.). LCFS Complaint.
In today’s world, climatechange is a reality we have to contend with and among the various measures undertaken to combat it, carbon credits can prove to be an effective solution. Weaving a new framework in the climate space, carbon credits incentivize sustainable practices by assigning a financial value to reductions in GHG emissions.
California is not on track to meet the greenhouse gas reductions expected under SB 375 for 2020, with emissions from statewide passenger vehicle travel per capita increasing and going in the wrong direction, according to a new report published by the California Air Resources Board (ARB). —“2018 Progress Report”.
And to help kick it all off for you, after the jump I’ll offer up the first ever Greenius Weekend Update: There will be plenty of time very soon enough to be overwhelmed with the crushing hard backhand of climatechange and budget reality.
The US Environmental Agency (EPA) has granted California’s waiver request enabling the state to enforce its greenhouse gas emissions standards (Pavley I) for new motor vehicles, beginning with the current model year. Tags: ClimateChange Emissions Policy. The request was subsequently denied in December 2007.
The regulations for plants that are already in operation, however, would remain unchanged to guarantee investment security and legal certainty. ClimateChange Europe Policy Power Generation' Renewable energies should prevail on the market in the future without levies, Siemens says.
Massachusetts Energy and Environmental Affairs (EEA) Secretary Ian Bowles has set the statewide greenhouse gas (GHG) emissions limit for 2020 required by the Global Warming Solutions Act of 2008 at 25% below 1990 levels, the maximum authorized by the Act, saying that measures already in place will get Massachusetts much of the way toward that goal.
In other words, an incremental efficiency improvement in heating will have a much bigger overall impact on energy demand and therefore climatechange. Heat pumps offer ways of addressing all three of the major sources of building-related climate-forcing emissions, Romanin says. What are the pros and cons of a heat pump?
However, modern engineering has been able to change this notion by introducing the fastest electric cars. Instead of being dependent on gas, cars make use of electricity that can power your vehicle. And the good thing about this car is that there is no gas needed to operate this elite car. Why make electric cars? Front View.
The major climate and energy bill introduced last week by House Select Committee on Energy Independence and Global Warming Chairman Henry Waxman and Subcommittee Chairman Edward Markey— H.R. The bill also calls for the harmonization of Federal and California motor vehicle greenhouse gas emission standards.
The OAL ensures that agency regulations are clear, necessary, legally valid, and available to the public. Cassman (2009) Improvements in Life Cycle Energy Efficiency and Greenhouse Gas Emissions of Corn-Ethanol, Journal of Industrial Ecology, doi: 10.1111/j.1530-9290.2008.00105.x. Yang, Virgil R. Bremer, Terry J. Walters, Galen E.
Ford was one of the first full-line US automakers to pledge to reduce greenhouse gas emissions from its vehicles, operations and supply chain in alignment with goals of the accord. The committee comprises senior representatives from Treasury, Sustainability, Corporate Finance, Investor Relations, Ford Credit and Legal.
The work also identifies potentially important sectors that are not yet quantified, including use of mercury in vinyl-chloride monomer production; secondary metals production and ferro-alloys; oil and gas extraction and transport; and industrial and some hazardous waste incineration.
In addition to charging pile companies, gas stations, the bottom core in the era of fuel vehicles, are not willing to be abandoned. In 2008, the United Kingdom formally promulgated the ClimateChange Act, becoming the first country in the world to clarify medium- and long-term emission reduction targets in legal form.
If an automaker fails to meet this legal target, which was established in 2017 , it may have to pay a fine of €95 per gram of CO2 per car. Meanwhile, gas car sales actually are slowing (-2% in 2Q). Nobody’s making them spend the tens of billions they spend advertising gas cars to Europeans every year. km or lower.
But natural gas is the second-largest in-state source of net generation, fueling about 18% of Washington’s total electricity generation in 2023, according to the US Energy Information Administration ( EIA ). No 1 is cats, No 2 is windows, and ultimately it’s climatechange. In 2023, wind provided almost 8% of the state’s power.
Markey of Massachusetts, both Democrats, built their climatechange bill last year in large measure around it. They are looking at cutting the nation’s greenhouse gas output by targeting, in separate ways, three major sources of emissions: electric utilities, transportation and industry. greenhouse gas emissions.
Oceans, already expanding from warmth and melting glaciers, would rise, increasing coastal flooding; a chain reaction of climatechanges is projected to lead to harsher, more widespread droughts and more powerful storms. Reductions in Emissions. According to Tol, the impact of a tax hike of this magnitude could reduce world GDP 12.9%
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