Climate & Energy

Europe, pioneering ways to fubar a carbon trading system

For the first years of the European Union’s cap-and-trade program (the EU ETS, for acronym lovers), permits were given away to polluters for free. Not only were they given away, but they were wildly overallocated based on inflated baseline numbers, …

Big drop in U.S. electricity consumption confounds utilities

Big drops in electricity consumption across a range of U.S. markets have utilities sweating, scratching their heads, and rethinking their business plans. U.S. electricity consumption, especially household consumption, has typically grown by some 1 to 2 percent a year, but …

Wal-Mart to purchase a lotta wind power in Texas

Retail behemoth Wal-Mart announced Thursday it will soon purchase up to 226 million kilowatt-hours of wind power each year from a nearly completed wind farm in Notrees, Texas, that will provide about 15 percent of the energy needed to power …

Waxman’s win signals shift in Congress on climate and energy policy

Henry Waxman. House Democrats unceremoniously dethroned John Dingell (D-Mich.) as chair of the House Energy and Commerce Committee, installing Henry Waxman (D-Calif.) in his stead — a move that will have resounding implications for climate and energy policy going forward …

NOAA: Second warmest October on record

NOAA’s National Climatic Data Center reports: Based on preliminary data, the globally averaged combined land and sea surface temperature was the second warmest on record for October and ninth warmest on record for the January-October year-to-date period. Given that this …

Shell Oil can’t drill in Alaska’s Beaufort Sea, says appeals court

Shell Oil’s plans to drill in Alaska’s Beaufort Sea have been shot down by a federal appeals court. The Minerals Management Service failed to take a “hard look” at the impact of drilling on whales and subsistence hunters, the court …

My robo-call from Gingrich

Here’s the call I got this morning, loosely paraphrased, initially from a live person and then with a recording from Newt. Newt (paraphrased): “I’m calling business leaders like yourself who understand the way that taxes cripple our economy, to ask …

Pelosi may keep House Global Warming Committee going

Ed Markey. In the wake of news that Henry Waxman will take over the House Energy and Commerce Committee, there’s been some speculation that Speaker Nancy Pelosi would scrap the House Select Committee on Energy Independence and Global Warming, which …

Cash from U.K. carbon auction may not go toward fixing climate

The United Kingdom held the E.U.’s first carbon-permit auction this week, raising some $80 million — but has angered environmentalists by socking away the funds into general coffers instead of promising to put the money toward tackling climate change.