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EPA proposes rule for nationwide 30% cut in GHG from existing power plants by 2030 relative to 2005

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The US Environmental Protection Agency (EPA) released the already widely-discussed (albeit without much detail) “Clean Power Plan” proposal, which mandates a national average 30% cut in greenhouse gas emissions from existing power plants from 2005 levels by 2030. EPA is only proposing goals for states with fossil fuel-fired power plants.

2005 210
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Perspective: The Role of Offsets in Climate Change Legislation

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This article shows that including offsets in climate change legislation would likely make an emissions program more cost-effective by: (a) providing an incentive for non-regulated sources to generate emission reductions; and (b) expanding emission compliance opportunities for regulated entities. Transaction Costs.

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ICCT study finds that transitioning to low-GWP MAC refrigerants in China could avoid up to US$150B in costs

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Among the findings of the report, “HFC-134a phase-out in the Chinese light-duty motor vehicle sector”, was that, considering the social cost of CO 2 e, up to 1 trillion RMB in costs (US$150 billion) required to address climate change could be avoided through 2050 by transitioning to low-GWP alternative MACs.

China 150
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KPMG study identifies 10 sustainability “megaforces” with accelerating impacts on business; imperative of sustainability changing the automotive business radically

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KPMG developed 3 nexuses linked by climate change to represent the challenges of sustainable growth. The KPMG research finds that the external environmental costs of 11 key industry sectors jumped 50% from US$566 to US$846 billion in 8 years (2002 to 2010), averaging a doubling of these costs every 14 years. Source: KPMG.

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OECD: rising air pollution-related deaths taking heavy toll on society; more should be done to reduce transport emissions

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Deaths from outdoor air pollution by region in 2005 and 2010. From 2005 to 2010, the death rate rose by 4% worldwide, by 5% in China and by 12% in India. This pollution is costing advanced economies plus China and India an estimated US$3.5 The report calculates the cost to society across the OECD’s 34 members at about US$1.7

Pollution 218
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Belfer Center Study Concludes Reducing Car and Truck GHG Emissions Will Require Substantially Higher Fuel Prices; Income Tax Credits for Advanced Alt Fuel Vehicles Are Essentially Ineffective at Reducing Sector Emissions

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The dashed blue line is 2005 emissions; the scale on the right shows the percent of 2005 level. The key to obtaining significant reductions in transportation-related GHG emissions is to increase the cost of driving. CO 2 emissions from transportation sector by scenario in the study. Source: Morrow et al. Click to enlarge.

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National Academies Report Examines Hidden Cost of Energy Production and Use in US; Estimates $120B in 2005

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Health and other non-climate damages by life-cycle component for different combinations of fuels and light-duty automobiles in 2005 (top) and 2030 (bottom). Source: “Hidden Costs of Energy”. The report estimates dollar values for several major components of these costs. Source: “Hidden Costs of Energy”.

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