EEI Board Embraces Climate Legislation

January 16, 2009

Email this story Print this post Add your comments

The Edison Electric Institute Board of Directors has embraced federal climate change legislation capping greenhouse gas emissions by creating and adopting an updated climate change framework. The framework calls for an 80% emissions reduction by 2050, without passing on major costs to the consumer.

“We believe these principles will help assure that U.S. climate policy is successful in both reducing greenhouse gas emissions and addressing the very real cost concerns of our customers as much as possible,” said EEI Chairman David M. Ratcliffe.

The framework recommends that the industry take a more unified approach to reducng emissions, rather than an “every company from themselves” approach. under cap-and-trade legislation. The EEI board has also recommended emission allowances of 40% to the electrical power sector.

This new framework builds upon February 2007 documents that the EEI created to support mandatory federal carbon capping legislation. EEI president Tom Kuhn says that these new polices and goals take the electrical industry’s commitment to the environment to a higher level. Their formula would pass emission allowance benefits directly to the consumer to help cut costs. To make this possible, the EEI calls from firm a price floor and ceiling for carbon costs, which expand over time as new technologies develop.

Companies belonging to the EEI provide about 70% of electric power in the United States. There are also 65 International affiliate members and more than 170 supplier associate members. In 2008, the group reported that upcoming changes in efficients to reduce electric power consumption by up to 11% over the next twenty years.

Email this story Print this post Add your comments

Advertisers

Enhance Sustainability. Improve Profitability.

Learn how at the SAP Sustainability Resource Center. >>

Unclear about the EPA's new GHG Rule?

Learn how it could affect your business. >>

EPA mandatory emissions reporting starts Jan 1st

CSA Standards can help your organization get ready for compliance. Find out how. >>

Best Practices: Product Environmental Compliance

How to achieve compliance at a significantly lower cost. Download the full report. >>

Join the Discussion

Recent Daily News [ see all ]

11/20/2009
11/19/2009
11/18/2009

Charts [ see all ]

European Paper Industry Cuts CO2 Emissions by 42% since 1990

S. America Takes Most Urgent View of Copenhagen Talks

Nike Tops Annual Climate Action Scores

Oceans May Trap more Carbon than Forests

Jobs

View All Jobs >> Post a Job >>

Comments and Discussions

Trade Association on Trade Group on EPA Chemical Regs: ‘If Everything is a Priority, Then Nothing is a Priority’
"Seriously… that..."

Gary Markowitz on Supermarkets Tackle Emissions Reductions, Fuel Efficiency
"Supermarkets waste over 10 percent of their energy through improper..."

peter in ireland on Ontario May Follow California’s Lead on TV Energy Efficiency
"Governor Schwarzenegger is shooting himself in the foot! 1...."

Environmental Leader on S. America Takes Most Urgent View of Copenhagen Talks
"The survey respondents (the PDF report mentions 4,000 respondents in 38..."

Jake on UPS Trying New Hydraulic Hybrid Trucks
"A point of clarification: the Reuters press release referenced herein reports that 20 UPS will purchase..."

Custom Organic Shirts on S. America Takes Most Urgent View of Copenhagen Talks
"90% of North Americans believe it is urgent to get a global climate..."

peter dublin on California City’s Green Building Ordinance Applies to Commercial Buildings
"Why energy efficiebnt regulation on buildings –..."

Environmental Leader