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Policy & Enforcement Briefing: Carbon Standards Inquiry, Water Rights Act, Duke Coal Ash

The House Energy and Commerce Committee announced an investigation into the EPA’s carbon limits on new coal-fired power plants. Republicans on the committee asked Gina McCarthy for information, particularly on how the agency approached the issue of carbon capture technology, The Hill reports. The Waterkeeper Alliance says it has photos showing that Duke … Read more »

Policy & Enforcement Briefing: GHG Reporting, CDM ‘Coma,’ SC May Sue Feds

The EPA is amending the Greenhouse Gas Reporting Rule to implement technical corrections, clarifications and other amendments, including revisions to global warming potentials for certain greenhouse gases. The agency’s action also establishes confidentiality determinations for the reporting of new or substantially revised data elements. The UN’s Clean Development Mechanism offset market will likely remain “in … Read more »

Policy & Enforcement Briefing: Obama Climate Czar, Carbon Capture, CDM

White House deputy director for climate Dan Utech has become President Obama’s top energy and climate change advisor, The Hill reports. Utech replaces Heather Zichal, whose last day was Friday. The Department of Energy will invest nearly $84 million in 18 projects to research second-generation technologies for carbon capture from coal-fired power … Read more »

Policy & Enforcement Briefing: EU Biofuels, Norway Woos Industry, UN CDM Review, China Wind Quota

Draft EU legislation will impose a limit on the use of crop-based biofuels such as rapeseed and wheat that may be less climate-friendly and compete with food production. The draft rules will need the approval of EU governments and lawmakers, and include plans to shift to advanced non-land-using biofuels made … Read more »

Power Assure Products Used in UNFCC Methodology

Data center infrastructure and energy management provider Power Assure Inc. has announced that two of its products form “the foundation” of a new United Nations Framework Convention on Climate Change monitoring methodology. Power Assure’s EM/4 Dynamic Power Management product and PAR4/UL2640 for IT equipment baseline measurements are the basis of … Read more »

Standards & Compliance Briefing: Aviation Fuel Handling, Agriculture Carbon Credit, CARB, Clean Green

Airlines for America (A4A), the industry trade group for U.S. airlines, and the U.K.-based Energy Institute (EI) have signed a memorandum of understanding to cooperatively develop global aviation fuel-handling standards. The program will focus on how fuel at the airport is handled before it is loaded on an aircraft, A4A … Read more »

Carbon Capture Project Gets First U.S. PPA; Masdar Eyes CDM Credits

CPS Energy of San Antonio has signed the nation’s first power purchase agreement for electricity from a commercial-scale carbon capture project. The utility, the largest one in the U.S. owned by a municipality, will buy about 200 MW of power from the Texas Clean Energy Project, a coal-based power plant … Read more »

CDM Attacked in New Report

The Clean Development Mechanism (CDM) initiative, the UN-backed program to offer carbon offsets, came under a new round of criticism after a report by the WWF and Germany-based Oeko-Institute. According to a Reuters report, the CDM program suffers from ambiguous rules and fails to demonstrate that the energy projects it … Read more »

Barclays Bolsters Carbon Trading Position with Tricorona Purchase

Barclays plans to buy carbon trading firm Tricorona for 1.13 billion Swedish kronor ($145 million), which will position the U.K. bank as a leading global origination and carbon trading house, reports Market Watch. Tricorona sources, develops and trades carbon offsets from greenhouse gas (GHG) reduction projects in developing countries, a … Read more »

UN Climate Panel Suspends Third Emissions Cut Auditor

A UN climate panel suspended the third emissions cuts verifier under the Kyoto Protocol’s $33 billion carbon finance scheme in the past 15 months and partially suspended a fourth, reports Today’s Hot News. The scheme’s executive board suspended emissions auditors TUEV SUED and partially suspended Korea Energy Management Corporation (KEMCO) … Read more »

Who Needs a Carbon Market?

Are “carbon offsets” an effective means of cutting carbon for society and industry? Carbon offsets are a recent invention of the Kyoto Protocol. Kyoto has a unique distinction – it uses market forces. It trades the nations’ rights to use the planet’s atmosphere. These are the “carbon offsets” – or … Read more »

Global Carbon Trading Volumes Grew 68% in 2009

The global carbon trading market grew 68 percent last year compared with the previous year, despite a global economic downturn. But the value of the market remained virtually unchanged after carbon prices fell, averaging $16.40 in 2009. That’s down from $27.15 in 2008, according to a new report from Point … Read more »