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.
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.
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.
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.
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.
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.
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.
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.
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.
The power substation in San Jose where a sniper attack last year raised concern about the security of the country’s grid has been breached again, according to Pacific Gas and Electric, which said thieves cut through a fence and stole some equipment, The New York Times reports.
A corn ethanol plant at the Port of Indiana-Mount Vernon, which Valero Energy Corp. bought in March, has restarted, FuelFix reports. It is expected to boost the company’s output to 1.3 billion gallons a year, making Valero the country’s third-largest ethanol producer.
Oil looks set to finish out the week higher in the wake of another positive piece of data on the U.S. economy, news of an unexpected rise in consumer confidence. West Texas Intermediate crude for October delivery was up 66 cents to $95.21 a barrel on the Nymex, while in London Brent crude settled 35 cents higher to $102.81, Bloomberg reports.
Fighting in Tripoli may have been escalating, but in the east of Libya, the key oil port of Es Sider is once again getting a flow of crude from oilfields after exports there resumed last week following a one-year hiatus, an official told The Wall Street Journal.
Sen. Mary Landrieu, D-La., listed her parents’ home in New Orleans as her address in filing last week to qualify for the ballot in Louisiana, prompting some critics to question her residency status, The Washington Post reports.
Clean Air Act violations for the release of phosgene, methyl chloride and oleum at a West Virginia facility between 2006 and 2010 will cost DuPont $1.3 million in fines, the Environmental Protection Agency and the Justice Department said in announcing a settlement, The Hill reports.
A project to build a big $25 billion water tunnel system in Northern California poses water quality problems to the Sacramento-San Joaquin River Delta and a possible threat to smelt and salmon, the Environmental Protection Agency said in a letter accompanying comments posted online, the Los Angeles Times reports.