1. Articles in category: Cap and Trade

    49-72 of 159 « 1 2 3 4 5 6 7 »
    1. In Europe, Companies Work the Angles on the Carbon Trade

      In Europe, Companies Work the Angles on the Carbon Trade
      Carbon trading, also known as cap and trade, has suffered a lot of hiccups in Europe over the past five years. Conceived to make it more expensive to emit greenhouse gases, the fledgling system in the European Union has been rocked by extreme volatility, cyber- attacks, tax fraud, recycling of used credits and suspicions of profiteering. Despite those difficulties, carbon trading has developed into a business worth about $140 billion annually. While most of that business is concentrated in Europe, Asian nations are rolling out systems and Australia and the United States are still considering using trading as a tool for cutting carbon in the future.
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      Mentions: Europe
    2. Georgia Power Captures Carbon

      Georgia Power Captures Carbon
      Georgia Power has captured carbon dioxide for the first time at one of its coal-fired power plants. Plant Yates is the company’s first experimental site. The plant is one of Georgia Power’s oldest coal-fired power plants. In the experiment a solvent was mixed into the carbon filled gas that escapes the smokestack. Officials say the carbon got trapped in the solvent but there was no place yet to store it, so it had to be released. Georgia Power’s Jeff Wilson says they are still 5 to 10 years away from removing carbon on a large scale, but experiments will continue.
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    3. Analyst says carbon market would work here

      Analyst says carbon market would work here
      The cap-and-trade system of reining in greenhouse gas emissions is working in Europe and would work in Canada as well, says a London-based carbon trading research analyst.Trevor Sikorski, in Calgary to give a presentation at a conference today sponsored by U.K. investment bank Barclays Capital, said his company has traded four billion tonnes of carbon since the European Union decision to proceed in 2004. That's more than any other. The bank has three full-time traders who do nothing but trade carbon, he said. The European system caps maximum overall greenhouse gas emissions but allows emitting industries that exceed their limits to buy carbon "allowances" from companies that have a surplus because they've reduced their emissions. The allowances are traded like any other commodity.
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      Mentions: Europe
    4. Climate Movement at the Crossroads

      Climate Movement at the Crossroads
      When future scholars document the history of global warming, one of the watershed years will almost surely be 2010. For over a decade, the primary goal of U.S. climate policy advocates has been to establish a strong carbon pollution cap and a binding global emissions treaty. Armed with large war chests and major electoral victories, climate advocates had one of the best opportunities to achieve these goals. This agenda has collapsed. In the aftermath of the Copenhagen climate negotiations and recent developments in the Senate, it is clear that carbon caps in the U.S. and globally will not happen for the foreseeable future. Meanwhile, the IEA projects global CO2 emissions will skyrocket 40% above 2007 levels by 2030, and the EIA predicts China’s emissions will more than double over the next 25 years – which would make its emissions greater than the rest of the world combined.
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    5. Clean tech faces muddy future

      Clean tech faces muddy future
      Southwest Washington’s emerging clean-technology industry could face long-term setbacks if the U.S. Congress fails to pass a comprehensive energy policy this year, state and local leaders say. Both the House and Senate this session have debated energy bills that seek to regulate greenhouse gas emissions in some form, whether by establishing a carbon cap-and-trade system or a national renewable energy standard. But the proposals have so far failed to move forward.
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    6. Cap and Trade Makes a Comeback

      Cap and Trade Makes a Comeback
      Many of us thought that earlier this year we saw the end of cap and trade. But with the oil disaster, cap and trade is poised to make a big comeback. But is emissions trading the answer or just a Band-Aid on a bullet hole? Though there has been a great deal of debate surrounding cap and trade in its most recent context of carbon trading, cap and trade in history has had its successes. It all started back in 1988 when former President George H.W. Bush came into office in the midst of a major environmental issue, acid rain—rain that was laden with sulfur dioxide seemingly from power plants burning coal. Bush, who billed himself as the “environmental president,” took action and in 1990, worked to pass the Clean Air Act. The Act provided provisions for emissions trading that were supported by many on both sides of ...
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    7. Coal is the fuel of today -- and tomorrow

      Coal is the fuel of today -- and tomorrow
      For all the talk of electricity produced by windmills and solar arrays, the Department of Energy has seen the future of electric power generation and it's coal. More than half of the U.S.'s electricity comes from coal and, says the DOE, will continue to do so for the foreseeable future. That's because of two reasons: There's a lot of it and it's relatively cheap. Nor is the supply prone to interruption like oil, wind and solar. Despite the government's best efforts, coal produces 20 times the electricity of renewable fuels other than hydropower. The power industry is betting that will continue to be the case. According to the Associated Press, since 2008 16 coal-fired plants have been completed and 16 more are under construction.
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    8. How Could the Climate Bill Have Passed?

      How Could the Climate Bill Have Passed?
      In the weeks since the clean energy and climate bill died unceremoniously in the Senate, there's been much soul-searching in both green and policy circles alike. Some people blame the bill's failure to pass on intransigent Republicans, others a lack of leadership from Obama, and some have pointed their fingers directly at environmentalists. Charles Komanoff, however, is simply relieved. He argues that the failure of the cap and trade bill is good news, because it clears the way for a fresh start with much better policy: Something that's easier for the American people to rally behind, something that doesn't have so many complicated rules and giveaways to polluters. Something closer to a carbon tax, or what's known as a cap and dividend -- that's what you need to pass a climate bill. He explains: In this video hosted by Grit TV, Komanoff explains why he ...
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    9. Europe investing in solar and carbon capture

      Europe investing in solar and carbon capture
      The European Union (EU) is investing in solar and carbon capture. The European Union (EU) plans to aggressively cut Greenhouse Gases with new technology. The EU is investing $50 billion Euros into research and development of solar and carbon capture at coal plants. The EU is comprised of 27 members. It already has a carbon limiting cap and trade program but it is viewed as too expensive by business. Some EU countries have a carbon tax also. Solar power is getting $23 billion Euros over the next decade in investment. Carbon capture is receiving $13 billion Euros over the same time. The hope is to have carbon capture installed on all new coal power plants built after 2020. The Smart City plan aims at urban efficiency. $11 billion Euros goes to buildings and transportation to reduce their carbon footprint.
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    10. Government Energy Plans Could Prompt Data Centre Exodus

      Government Energy Plans Could Prompt Data Centre Exodus
      Data centre operators have become the latest group to threaten to quit the UK over government regulation of their industry. In a statement released this week - reminiscent of the threats made by some financial services firms that they would quit the country over banking taxes and other regulations - data centre specialists have warned that the coalition government’s recently announced energy policies could prompt an exodus of computing facility operators for more favourable climes.
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    11. How to achieve Zero Carbon Emissions by 2020

      How to achieve Zero Carbon Emissions by 2020
      The public launch of the Beyond Zero Emissions report - Zero Carbon Australia 2020 - was delivered to an overflowing audience at Melbourne University last night. The report is one possible blueprint for acting on the challenge of climate change by converting the existing coal and gas fired carbon pollution dependent electricity generation to 100% renewables using only current technologies in ten years. Related: Renewable energy target: 20 by 2020 or zero emissions by 2020? | Northcote Independent (blog) - Zero emissions challenge to Australia's coal minister Beyond Zero Emissions has utilised pro-bono research by academic specialists in solar technology, mechanical and electrical engineering and economics, over the last two years to produce this report. It shows how Australia could move from being one of the highest carbon emitters per capita to one of the lowest.
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    12. Cap and trade bill will clobber DC

      Cap and trade bill will clobber DC
      How will the Kerry-Lieberman American Power Act affect your state? The Institute for Energy Research has a new interactive map showing the percentage of carbon-based fuels used by each state. The higher the percentage, the greater the cost if Kerry-Lieberman passes. For example, Virginia is less dependent on carbon-based fuels, which account for 81.1 % of its energy consumption, than the U.S. as a whole (85.5 %) due to its Lake Anna nuclear reactor (which, ironically, is not considered a “clean, renewable energy source” under this proposal).
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    13. Rating the Virginia Congressional Delegation on Climate Change

      Rating the Virginia Congressional Delegation on Climate Change
      Sen. Mark Warner (D) hasn’t had to vote on a Senate climate and clean energy bill, but he clearly "gets it" when it comes to this issue. Warner’s statement for the Times-Dispatch is generally excellent, talking about the "overwhelming science" of climate change; the "real threat" from both climate change and our addiction to oil "from countries that are anti-American;" the tremendous opportunity afforded by the clean energy sector; and Warner’s openness to "a price on carbon" and to "cap and trade." The main item that’s potentially of concern from an environmentalist perspective is Warner’s comment that "coal’s got to be part, is a huge part of the mix." Given that coal has the highest carbon content of all fossil fuels, the key here is going to be whether economical, technologically feasible "carbon capture and sequestration" technology is developed, and when. On that issue ...
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    14. Cap and Trade's Failing Grade: A Deeper Look Inside Europe's Emissions Trading ...

      Cap and Trade's Failing Grade: A Deeper Look Inside Europe's Emissions Trading ...
      In Europe, the demand to tax carbon dioxide and other greenhouse gas emissions has increased. Debates surrounding taxation, cap and trade, as well as renewable energy investments are vigorous, and consensus, which translates into tangible actions, has been slow. During his eight-year tenure as president of the European Commission, Jacques Delors spent much of his time arguing for the creation of an EU carbon/energy tax. Unfortunately, in Europe, taxation measures required unanimous approval by the Council of Ministers, as well as the majority of member states. Throughout this reign, many member states, including the UK, vigorously opposed Delors proposal on 'subsidiarity' grounds, arguing that tax jurisdiction resides with national governments, rather than the EU. Additionally, other member states less politically opposed to EU integration, such as Germany, quietly opposed Delors' proposals due to the economic impact a tax would have, particularly on coal reliant industries. Having failed creating a ...
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      Mentions: Europe Netherlands
    15. Researchers calculate the cost of CO2 emissions, call for carbon tax

      Researchers calculate the cost of CO2 emissions, call for carbon tax
      Two Rice University researchers are calling on policymakers to encourage the transition from coal-based electricity production to a system based on natural gas through a carbon tax.Such a mechanism would help limit carbon dioxide (CO2) emissions. At the United Nations Climate Change Conference in Copenhagen last December, the United States pledged to reduce the 2005 levels of CO2 emissions by 17 percent by 2020. Dagobert Brito, the George A. Peterkin Professor of Political Economy, and Robert Curl, the Kenneth S. Pitzer-Schlumberger Professor Emeritus of Natural Sciences and winner of the 1996 Nobel Prize in chemistry, made this recommendation in a paper published by Rice University's Baker Institute for Public Policy.
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    16. Firms Face Fines For Ignoring Carbon Rules

      Firms Face Fines For Ignoring Carbon Rules
      he UK’s carbon reduction law may have loopholes, but it is essential to meet the UK’s energy shortage - and IT managers are falling behind in complying with it, according to speakers at a London conference. The Carbon Reduction Commitment is a “cap and trade” scheme designed to reduce the amount of energy used by the largest energy consumers in the country. Although it has already started very few organisations have registered - even though failure to comply with the rules could eventually mean a £50,000 fine, according to CRC consultant Andrew Jones of ITM Communications.
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    17. Congressmen and governor state positions on climate change

      Congressmen and governor state positions on climate change
      Virginia's congressional delegation and Gov. Bob McDonnell respond to a Times-Dispatch survey on climate change. Rep. Robert J. Wittman (R-1st): As a scientist myself, I recognize that the earth’s climate is changing. We must recognize that these climactic cycles of heating and cooling have been going on well before man appeared on earth. Humans across the globe contribute greenhouse gases to the atmosphere. The questions then become, how much does man affect carbon levels in the atmosphere and to what extent does this affect climate change. We need to examine and take into account all factors, both those induced by humans and those occurring naturally, that contribute to the level of carbon in the atmosphere.
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    18. Companies unaware of green legislation

      Companies unaware of green legislation
      A new survey by Green IT specialist Externus has revealed that 71% of business professionals still have no idea whether or not their company will be affected by the Carbon Reduction Commitment (CRC) - despite the fact that the legislation has already been introduced. The first major impact of the legislation, which will affect companies on a yearly-basis, will be the release of league tables in April 2011 that are set to become an important measure of how green a company is. Published one year on from the CRC coming into effect, the tables will show how energy efficient businesses actually are. Over 54% had not even heard of the CRC, the UK's new domestic cap and trade scheme which has been created with the aim of stimulating energy efficiency in organisations.
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    19. Is a Carbon Tax Actually Good for the Economy?

      Is a Carbon Tax Actually Good for the Economy?
      Over at the Curious Capitalist blog–which I admit has both a better name and logo than Ecocentric—my TIME colleague Stephen Gandel looks at the common assumption that carbon pricing is bad for the economy. We hear rhetoric about carbon pricing being a "job-killing national energy tax" (thanks, House Republican leader John Boehner), but Gandel examines the evidence: The economic theoretical case for some sort of carbon tax is very simple. Pollution is a negative byproduct of the industrial process that neither the polluters or the people buying the product directly pay for. Instead government in the end has to pick up the bill, and that means general taxpayers, like you and me. Taxing companies directly for polluting can remedy the problem. But in practice, many worry that a carbon tax will hurt our already weak economy, and hasten our decades of decline in our manufacturing base. So the ...
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    20. What's the Best Way to Price Carbon Emissions: Cap and Trade, Cap and Dividend ...

      What's the Best Way to Price Carbon Emissions: Cap and Trade, Cap and Dividend ...
      With all the talk about getting the United States off of oil, energy independence, creating a low-carbon future, et cetera, one of the key parts of that is reducing carbon emissions, whether they are from electricity, transportation or wherever they occur. Central to that is setting a price on carbon emissions. What options are there to do this? Cap and trade may be the main option being considered, but both a cap and dividend approach, as well as a carbon tax have their vocal proponents. Let's take a look at each:
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    21. Cap and Trade: It's Not That Complicated

      Cap and Trade: It's Not That Complicated
      This post was written by Matt McDermott for Planet Greet, and a follow up to a post earlier this week on the differing impact of Cap and Trade on socio-economic classes. In practice a cap and trade program for carbon emissions is a pretty complex thing, no doubt about it. It also can seem like a pretty wonky concept for the average person to pay much attention to. If fairly recent public polls ...
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      Mentions: Barack Obama
    22. New report says Britain could cut emissions to zero by 2030

      New report says Britain could cut emissions to zero by 2030
      Britain could reduce its greenhouse gas (GHG) emissions to zero by 2030 without having to resort to nuclear power, according to a new report. 'Zerocarbonbritain2030’, published today by the Centre for Alternative Technology (CAT) purports to provide the first comprehensive energy strategy for the UK. It puts forward a scenario where carbon emissions across all sectors would be reduced to zero within 20 years and where Britain would become a net exporter of renewable energy, while creating hundreds of thousands of new jobs.
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    23. 8 Cool Things About Solar Power That Just Might Change the World

      8 Cool Things About Solar Power That Just Might Change the World
      Rapid changes in the solar power sector are fueling a green energy revolution. With so much emphasis on solving the global warming puzzle, technology in solar is advancing very quickly and may be the answer we’ve been looking for. Let’s take a look at how this industry is changing so quickly. The biggest detractor for solar in the past has been simple: it was just too expensive to be practical. Coal generated power was as much as 90% cheaper than solar power. But with the massive investment in production capacity, coupled with the global economic slowdown, prices on solar panels have come down anywhere from 10%-30% in the last 6 months. This means that many projects that were borderline before are now feasible. And the trend appears to be gaining steam. Prices on Sharp solar panels, for instance, have been lowered 3 times since May, bringing their ...
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    24. Cap and Trade definition

      Cap and Trade definition
      Cap and Trade - cap and Trade Definition: cap and trade become hot topic today. But, what is cap and trade definition? Why many people searching cap and Trade Definition? According to www.ecomii.com the cap and trade definition is one method for regulating and ultimately reducing the amount of pollution emitted into the atmosphere. It is viewed as a more democratic solution to regulating pollution than a carbon tax as it creates a commodity out of the right to emit carbon and allows the commodity to be traded on the free market. The basic concept involves two parties, the governing body and the regulated companies or units emitting pollution. The government sets a cap on pollution, limiting the amount of carbon dioxide and other harmful output that companies, or other groups, are allowed to release. The government then issues credits which allow companies to pollute a certain amount, as ...
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    49-72 of 159 « 1 2 3 4 5 6 7 »
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