China has revealed details of a carbon cap-and-trade pilot project that will be launched next month, a much-anticipated market attempt to rein in carbon dioxide emissions by the world’s biggest emitter.
While piecemeal clean energy targets, feast-or-famine tax incentives and sporadic funding for research have played a significant role in growing U.S. clean energy capacity, it is clear that this strategy is insufficient as a national approach to addressing climate change.
I get it. There is zero chance any climate policy will be (more…)
A regional cap-and-trade program launched in the northeastern U.S. three years ago has saved customers nearly $1.1 billion on electricity bills, helped create 16,000 jobs, and has retained more than $765 million in local economies by reducing the demand for fossil fuels, according to a new analysis. (more…)
Australia has just enacted a carbon tax law that it will implement mid-2012. Is a carbon tax a better policy than a cap and trade policy? Better minds than mine disagree over the answer to that question and the primary reason for disagreement is that they are both susceptible to misuse when in place even (more…)
Parliament OKs plan to cut carbon to 5 percent below 2000 levels by 2020
Under a controversial plan passed today in the Australian parliament, Australia’s 500 biggest greenhouse gas emitters will pay $23* for every ton of carbon they emit. The carbon pricing scheme, which will go into effect next July after the (more…)
In the summer of 2009, U.S. and Australian climate politics had a similar look and feel. The lower houses of legislature in each country had passed carbon trading schemes and were waiting on their respective senates to act. While the U.S. House’s wide-ranging cap-and-trade bill didn’t stand much of a chance in (more…)
At a time when many are adopting the narrative that carbon markets are faltering, the European Union (EU) is aggressively pursuing the expansion of theirs to include aviation. One of only two mandatory greenhouse gas (GHG) cap-and-trade systems in the world, the EU Emissions Trading Scheme (ETS) plans to fold in a (more…)
A San Francisco judge ruled in March that the California Air Resources Board (CARB) must stop implementations of regulations under the state’s 2006 climate change legislation (AB 32, the Global Warming Solutions Act of 2006) because the state didn’t adequately consider alternatives to a cap-and-trade plan for carbon emissions. In (more…)