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Senate Climate Bill Gets Sidelined over Immigration

The Senate climate bill, which was to be unveiled today (April 26), has been sidelined by Republican Senator Lindsey Graham’s decision to walk away from Senate talks on climate legislation over the Democrats plans to work on immigration legislation this year, reports The Hill. This has prompted Sen. John Kerry … Read more »

Australia Votes Down Climate Legislation Again

The Australian Parliament has voted down its emissions trading scheme (ETS) for the second time, reports the Australian Broadcasting Corp. (ABC) News. If it had passed, Australia would have become one of the first countries to implement a comprehensive cap-and-trade scheme. The Parliament voted down the carbon-trading proposal for the … Read more »

Consensus: No Climate Deal at Copenhagen

The decision by some world leaders to not seek a binding climate change agreement in Copenhagen has dealt a significant setback to efforts leading up to December’s meeting, reports the Wall Street Journal. Instead, Danish Prime Minister Lars Lokke Rasmussen has proposed to Asia-Pacific Economic Cooperation (APEC) leaders a politically … Read more »

Carbon Registry Bolstered by Credit Transfer System

The Voluntary Carbon Standard registry system is now able to transfer carbon emission offsets across different registries, after several months of delays due to technical reasons, according to the Voluntary Carbon Standard Association, reports Reuters. Eliminating the need for a central clearing house, this is the first time independent registries … Read more »

Climate Bill Needs to Drive Investment in Energy Efficiency

Climate legislation that encourages energy-saving investments will create millions of jobs, save U.S. consumers billions on monthly energy bills, and spur innovation, according to a report from the American Council for an Energy-Efficient Economy (ACEEE). The report also evaluates the long-term economic impacts of cap-and-trade legislation. The report, Climate Change … Read more »

With 20% Target, Senate Climate Bill Draft Tougher on Emissions

Forthcoming climate legislation in the Senate may outdo the House effort, which called for 17 percent emission cuts from 2005 levels by 2020 and 80 percent cuts by 2050. The Senate Environment and Public Works Committee, which is expected to release its version of legislation Sept. 30, will call for … Read more »

Caterpillar, FedEx Join Debate Over Carbon Tax Vs. Cap and Trade

Industry-leading businesses and associations are locking horns over the merits of a carbon tax versus a cap-and-trade program as passed in the House’s climate legislation in June. Those in favor of a carbon tax include Caterpillar and FedEx. However, globally, shippers prefer a cap-and-trade program. The chief executives of Caterpillar … Read more »

Global Investors Call for a Strong Climate Change Treaty

The world’s largest global investors are urging the U.S. and other global policy makers to take strong action in the fight against global warming. In the midst of Congressional debate on climate legislation and the upcoming climate change talks in Copenhagen, global investors issued a policy statement calling for a … Read more »

Major U.S. Companies to Senate: Pass Climate Legislation

Twelve major U.S. companies delivered an open letter to the U.S. Senate urging legislators to pass comprehensive climate change legislation that will reduce greenhouse gas emissions, drive investment in technological innovation and solutions, and jumpstart a clean energy economy. In the letter, Bumble Bee Foods, Dell, DuPont, FPL Group, Google, … Read more »

UN Approves Ag Carbon Offset Methodology to Cut CO2 Emissions

The United Nations recently approved the broad application of the first agricultural methodology, or biological approach, for Clean Development Mechanism (CDM) projects to reduce greenhouse gas emissions. The UN’s announcement coincides with the USDA’s analysis report that shows the economic benefits to agriculture from the U.S. cap-and-trade legislation. The Clean Development Mechanism … Read more »

U.S. Commerce Secretary Supports “Carbon Tariffs”

Americans should be required to “pay” for the carbon content of goods they consume from other countries because the consumption activity leads to greenhouse gas (GHG) emissions, said U.S. Commerce Secretary Gary Locke at a meeting of the American Chamber of Commerce in Shanghai, reports Reuters. Locke spoke to the … Read more »

Focus on Innovators, Not Polluters, for Climate Solutions

The Waxman-Markey bill trickling its way through Congress is both historic and problematic. As loopholes are inserted, and interests appeased, the bill will inevitably get watered down to something that is both more passable, and less effective. While the eventual result may be the best we can get out of … Read more »

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