Todd Stern, America's chief climate negotiator, has said that he believes it is morally right for rich nations to help poorer ones deal with climate change. His statement expressed support for the billions of dollars the US cap and trade bill being debated in Congress would potentially provide to developing countries to deal with climate change. He also commended China on their attempts to reduce the growth in their emissions, despite the explosion of their economy.
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The Cap and Trade bill in the House, HR 2454, includes provisions to increase transportation energy efficiency, including from heavy duty vehicles and airplanes as well as provisions for increasing electric vehicle charging infrastructure.
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Barack Obama faces conflicting views among his top advisers on the balance between the environment and the economy.
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Environmentally conscious farmers are looking to capture and use greenhouse gases produced by the animals in order to reduce the overall impact of eating meat.
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The Regional Greenhouse Gas Initiative had its second auction of permits for carbon emissions. Polluters in 10 Northeastern states will be required to posses these permits by the time the program starts.
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Province is first jurisdiction in North America to have consumer-based carbon tax.
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The European cap-and-trade permit auction system, in effect since 2005, has resulted in an “administrative nightmare” and imposed huge, unintended costs on businesses and the loss of some jobs, reports Open Europe, a UK think tank.
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As lawmakers on Capitol Hill push for a cap-and-trade system to rein in the nation's greenhouse gas emissions, an unlikely alternative has emerged from an ideologically diverse group of economists and industry leaders: a carbon tax.
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