RGGI
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Critical List: Northeast cap-and-trade program dropped emissions; World Environment Day
It’s World Environment Day — bring out your green-minded celebrities! In the Northeast, power plants’ carbon emissions fell an average 23 percent during the three years of the Regional Greenhouse Gas Initiative’s cap-and-trade program (compared to the previous three years). By 2050, Latin American and Caribbean countries could be racking up $100 billion in damages […]
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Cap-and-trade program fuels economic growth in Northeast
Cross-posted from Climate Progress. A new report finds that America’s first mandatory, market-based carbon cap-and-trade system added $1.6 billion in value to the economies of participating states, set the stage for $1.1 billion in ratepayer savings, and created 16,000 jobs in its first three years of implementation. Says Susan Tierney, managing principal at the Analysis […]
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Critical List: TransCanada says Keystone XL will be rerouted; Bloomberg evicts #OWS
TransCanada officials announced last night that the company would re-route the Keystone XL pipeline away from environmentally sensitive areas of Nebraska. “I can confirm the route will be changed and Nebraskans will play an important role in determining the final route," an executive said in a statement. House Republicans are working on a bill that […]
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Koch brothers declare war on offshore wind
The dirty-energy-loving Koch brothers have put out a “cost-benefit analysis†of New Jersey offshore-wind plans that finds lots of costs and not so many benefits.
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New David Koch building gets energy upgrade — courtesy of the climate program he loves to hate
Image: Positioning GreenCross-posted from Positioning Green. Billionaire conservative financier David Koch doesn’t know it, but the cutting-edge energy-saving technologies included in a brand new $211 million research lab that bears his name were partly funded through a government program to reduce global warming pollution. It happens to be the very same program under a blistering […]
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Regional cap-and-trade saves jobs and money
This post originally appeared at Sightline’s Daily Score blog. I’m not big on parroting press releases, but I’m going to make an exception for Regional Greenhouse Gas Initiative (RGGI), the Northeast’s carbon cap-and-trade program. RGGI is quietly demonstrating that carbon markets can work wonderfully. So it’s too bad no one seems to be paying attention any longer. […]
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Koch-funded group mounts cut-and-paste attack on regional climate initiatives
Fresh off last year’s successful defeat of federal climate legislation in the U.S. Senate, the oil baron Koch brothers and their dirty-energy buddies are now bent on dismantling one of the nation’s last hopes for doing anything about climate change in the near term: regional climate accords. Today, a total of 32 states are active […]
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E.U. carbon fraud: Could it happen here?
Cross-posted from Sightline’s Daily Score blog. Europe’s Emission Trading Scheme (ETS) cap-and-trade system has taken a somewhat undeserved drubbing in the press. Overall, it has functioned reliably and reasonably efficiently. Most of the alleged “Carbon Fraud!” you hear about in some quarters was really just easily fixable design flaws (like an initial over-allocation of allowances); tax payment […]
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Regional cap-and-trade advances
Everyone is disappointed about climate policy prospects. I can't say that I'm thrilled, but we should take heart at what's happening on the state level