In some ways carbon rule flexibility could be a hindrance

The New York Times

A lack of consistency -- with states taking different approaches to complying with the Environmental Protection Agency’s new carbon rule -- could breed frustration and opposition, according to The New York Times.

Global energy needs up to $2.5T a year in investment: IEA

The New York Times

Between now and 2035 the world will need to spend $40 trillion on energy supplies and $8 trillion on energy efficiency, according to a report released Monday by the International Energy Agency, The New York Times reports.

Businesses should share climate change concerns: Podesta

The Hill

Stories from businesses about how they’ve been affected by climate change could help blunt Republican attacks on the Obama administration’s new carbon rule and other initiatives, senior adviser John Podesta told leaders in a conference call hosted by the Business Forward initiative Monday, The Hill reports.

Australian PM backs Obama's greenhouse gas plan

CANBERRA, Australia (AP) — Prime Minister Tony Abbott, who wants to remove Australia's unpopular carbon tax on industrial polluters, on Tuesday described President Barack Obama's plan to slash U.S. greenhouse gas emissions as sensible steps.

Abbott's conservative government faces resistance in the Senate to its plan to remove the 24.15 Australian dollar ($22.39) tax that Australia's 260 largest polluters pay for every metric ton of carbon dioxide that they produce. The tax was introduced by a previous government in 2012 as a transitional measure before Australia was to join the European Union's carbon emissions trading scheme in mid-2015.

Power plant plan further clouds coal's future

PRESTONSBURG, Ky. (AP) — President Barack Obama's ambitious plan to reduce the gases blamed for global warming from the nation's power plants gives many coal-dependent states more lenient restrictions and won't necessarily be the primary reason coal-fired power plants will be retired.

If Kentucky, for example, meets the new limits that the Obama administration proposed Monday, it would be allowed to release more heat-trapping carbon dioxide per unit of power in 2030 than plants in 34 states do now.

That's because the Environmental Protection Agency would only require Kentucky, which relies on coal for about 90 percent of its electricity needs, to improve its carbon dioxide emissions rate by 18 percent over the next 15 years. By 2030, Kentucky would be second only to North Dakota for having the most carbon-intensive power plants in the country.

House Science Democrats

Newsmaker: EPA rule forces cap-and-trade or carbon tax, Holmstead predicts

The proposed rule by the Obama administration to rein in greenhouse gases from power plants leaves the methods to states, but the bottom line is that they will have to raise the price of carbon to meet federal targets, according to a former EPA assistant administrator.

Jeffrey Holmstead, an attorney who headed EPA's Office of Air and Radiation under the George W. Bush administration and now represents electricity power generators, noted that the agency envisions greater use of natural gas and renewables over cheaper coal generation to reach state-by-state carbon goals.

That means, to him, that states have to come up with a way to make coal power more expensive.  "As a practical matter, in many states, the only way they could feasibly meet these limits would be through a cap-and-trade program or through a carbon tax," Holmstead said.

Biden to Ukraine for Poroshenko's inauguration

WASHINGTON (AP) — Vice President Joe Biden is heading back to Ukraine to attend the inauguration of the embattled nation's new president.

The White House says Biden will be in Kiev on Saturday for President-elect Petro Poroshenko's inauguration and to meet with Ukrainian leaders.

Poll finds backing for carbon rule

The Washington Post

An ABC News-Washington Post poll within the past week finds public backing for the idea of limiting carbon emissions from power plants even if they face higher electricity bills to pay for it, and the numbers are similar among Democrats and Republicans.

Fuel economy standards may have bigger emissions impact than plants rules

National Journal

Vehicle fuel economy standards, rolled out in President Obama’s first term, may have a bigger impact on cutting greenhouse gas emissions than the rule regulating existing power plants announced Monday, in large part because industry cooperated with the rollout, National Journal reports.

Canada urges US to cooperate on cutting carbon


The U.S. and Canada should work together to cut greenhouse gas emissions in the oil and gas industry, according to a statement from Environment Minister Leona Aglukkaq Monday, reacting to the Obama administration’s announcement of a rule to curb carbon emissions from existing power plants, Reuters reports.


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