cap-and-trade
Putting a Price on Carbon: Is It Needed? Is It Enough?
The bottom line seems to be that we need to get the price of carbon right — or as close to “right” as possible — but we need subsidies for R & D and we need direct regulation of the major categories of emitters.
CONTINUE READINGCustomer Impacts From Waxman’s Cap & Trade? Let’s Not Exaggerate
In Wednesday’s New York Times, Felicia Barringer reports on pocketbook concerns related to the Waxman-Markey carbon cap and trade proposal as expressed by parishioners at St. Louis’ Greater Mount Carmel Baptist Church. The article contains the following statement, attributed to a representative from the local electric utility: “Jaime Haro, Ameren UE’s director of asset management …
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CONTINUE READINGFree Allowances! Get Your Free Allowances!
From WashPo, The Obama administration might agree to postpone auctioning off 100 percent of emissions allowances under a cap-and-trade system to limit greenhouse gas pollution, White House science adviser John P. Holdren said today, a move that would please electricity providers and manufacturers but could anger environmentalists. Why would this “anger environmentalists’? I certainly see …
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CONTINUE READINGFrom Our Far Flung Correspondents: Copenhagen Day 3
A Ph.D student in the Berkeley Energy and Resources program writes: The third & final day of the climate conference dawned bright & sunny in Copenhagen, and I jammed myself & my poster onto a packed subway car for the trip back to the Bella Center. Trains run every 2-4 minutes in Copenhagen at rush hour; …
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CONTINUE READINGOne for All — All for One?
The Huffington Post reports that Speaker of the House Nancy Pelosi is seeking a single, comprehensive energy bill that establishes a strategy for deriving energy independence and fighting climate change. She is quoted as saying “I would like to see one bill, which is the energy bill, with the cap and trade and the grid …
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CONTINUE READINGIt’s the Economy
The Western Business Roundtable doesn’t care for Cap and Trade (the politician’s tool of choice for reducing carbon emissions). In fact, it is hard to believe that the organization gives much weight to the climate challenge at all. The Roundtable, the website of which does not list its members, but describes them as including representatives …
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CONTINUE READINGObama’s Progressive Tax and Energy Policy
Though the budget released yesterday by the Obama Administration was short on details, it was long on big pronouncements that fundamentally shift federal policy in important areas. On the climate change front, the budget for the first time reveals the administration’s thinking on how it would distribute money raised from allowances issued under a proposed …
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CONTINUE READINGSupreme Court Denies Cert. in Mercury Case
The Supreme Court has declined to review a lower court opinion striking down the Bush Administration’s regulation of mercury. This isn’t a huge surprise since the Obama Admimistration indicated that the lower court opinion was consistent with its own regulatory policy, leaving only the industry to seek revieew. The lower court opinion is one of …
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CONTINUE READINGBridging a Browner-Summers Gap?
Much has been made about a potential feud between White House Economic Advisor Larry Summers and White House Energy and Climate Advisor Carol Browner over how fast to cut carbon emissions. Summers has been vocal in expressing concerns over the economic effects of a tough climate policy. Browner, by contrast, is a strong advocate for …
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CONTINUE READINGEngaging India on Climate
Via the Times of India, along comes the news that the state of Himachal Pradesh, just south of Kashmir, says that it will present a plan to become a carbon-neutral state. I’ll believe it when I see it, although the state seems to have a reasonable business strategy: reforest thousands of acres and sell carbon …
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