Climate Change
Risky Business
Climate Change and the Insurance Sector
Founded in 1871, the National Association of Insurance Commission represents insurance regulators in all fifty states. It’s not a particularly woke group – the current president is the Director of the Idaho Department of Insurance. However, the group has just issued a new “voluntary” survey for insurance companies about climate risks. “Voluntary” is in quotes …
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CONTINUE READINGA Green Tint for Rio Tinto
It’s not just a U.S. thing. Shareholder worries about climate risks are global.
Rio Tinto historically has been far from an environmental paragon. That made an investor revolt last week over the giant mining company’s climate disclosures especially notable. It’s also notable that this took place in London, showing that investor worries about climate change are worldwide. These are people with real money at stake, unlike conservative politicians …
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CONTINUE READINGWhy Energy Conservation Will Remain Crucial
Even after switching to clean power, we’ll still need to limit energy use.
If we switch to renewables, we won’t need to worry about saving energy. Right? Wrong! One reason to save energy is to limit carbon emissions from the energy we use. That’s going to important until the energy system has been completely cleaned up. But energy conservation is important for reasons that go beyond the direct …
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CONTINUE READINGRegan Hits His Stride
Under Administrator Michael Regan, the Biden EPA is beginning to churn out important new regulatory proposals.
The Trump Administration left a trail of regulatory destruction behind it. Cleaning up the mess and issuing new regulations is Priority #1 for the Biden Administration. Under EPA head Michael Regan, the effort is beginning to pick up steam. EPA has begun the year with several major new regulatory efforts. No one of them is …
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CONTINUE READINGWhy Are Big Utilities Planning to Cut Carbon?
The top ten utilities have set goals for emissions reduction. It’s less clear what’s driving them.
As my post on Monday indicated, the top ten utilities have all announced plans for cutting carbon in the next several decades. Some of these utilities, like PG&E or ConEd, operate in states that have ambitious climate policies. It’s easy to see why utilities in New York or California would be setting their own targets. …
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CONTINUE READINGWashington State Steps Up
A new law is the latest sign that the future is electrical, not oil.
On the weekend weekend, Governor Jay Inslee signed a major transportation bill. The most dramatic feature of the bill is that it will mostly ban new gas cars in Washington as of 2030. That puts Washington ahead of California, Massachusetts and New York, as well as Canada and Japan. Washington’s deadline is tied with Israel, …
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CONTINUE READINGPollution Control as Climate Policy
Tightening air quality standards will also reduce carbon emissions.
The Biden Administration is slowly grinding away at an important regulatory task: reconsidering the air quality standards for particulates and ozone. Setting those standards is an arduous and time-consuming process, requiring consideration of reams of technical data. For instance, a preliminary staff report on fine particulates (PM2.5) is over 600 pages long. When the process …
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CONTINUE READINGGovernors Launch Action Plan to Reduce Deforestation and Improve Lives in Forested Regions
Manaus Action Plan for a New Forest Economy advances ambitious action at Governors’ Climate and Forests Task Force 12th Annual Meeting hosted by state of Amazonas
For more than a decade of leadership and innovation, member states and provinces of the Governors’ Climate and Forests (GCF) Task Force have been developing strategies, programs, investment plans, and new legal structures to address tropical deforestation, embark on a low-emissions development path, and benefit their populations and the climate. These governments have developed jurisdiction-specific, …
CONTINUE READINGGovernors’ Climate and Forests Task Force Kicks Off Annual Meeting in Heart of the Amazon Basin
12th Annual Meeting of GCF Task Force hosted by Governor of Amazonas in Manaus, Brazil, March 15-18, 2022
This week, on the banks of the largest river system in the world, Governors, environment secretaries and civil servants, Indigenous peoples and local community leaders, national governments, the private sector, and partner organizations will be meeting to discuss innovative partnerships and solutions to the threat of tropical deforestation at the 12th Annual Meeting of the …
CONTINUE READINGPipelines, Emissions and FERC
From now on, carbon emissions from new pipelines will be one of FERC’s key concerns.
On Friday there were two seismic shocks in the world of gas pipeline regulation. FERC has spent years resisting pressure to change the way it licenses new gas pipelines. A whole point of a natural gas pipeline is to deliver the gas to users who will burn it, thereby releasing CO2 into the atmosphere. FERC …
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