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Perspective: The Role of Offsets in Climate Change Legislation

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If a cap-and-trade program includes offsets, regulated entities have the opportunity to purchase the “emission credits” generated by carbon offset projects to help them meet their compliance obligations. A regulated entity may consider purchasing offsets if the offsets are less expensive than making direct, onsite emission reductions.

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Final report of Garnaut Review Update recommends carbon pricing scheme for Australia to do its fair share on climate change

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It will be much harder and more expensive for Australia to do its fair share on climate change without a carbon pricing scheme, according to the final report of the Garnaut Climate Change Review – Update 2011, Australia in the Global Response to Climate Change. Earlier post.)

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Draft of EPA Greenhouse Gas Inventory Shows Overall GHG Emissions Down By 2.9% in 2008; Transportation Emissions Down 5.7% in Largest Annual Change Recorded Since 1990

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CO 2 emissions from the US transport sector, 1990-2008. The draft report of the US Environmental Protection Agency (EPA)’s annual Inventory of US Greenhouse Gas Emissions and Sinks: 1990-2008 shows that in 2008, overall greenhouse gas (GHGs) emissions decreased by 2.9% (206.1 Tg CO 2 in 2008 from 1,893.8 Click to enlarge.

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California ARB approves more rebate funding for hybrid and zero-emission cars, trucks, buses9

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The California Air Resources Board approved $27 million for its Air Quality Improvement Program, a statewide effort to provide incentives for the purchase of advanced-technology passenger cars and heavy-duty trucks. Complementing this investment will be up to an additional $5 million dollars from the California Energy Commission.

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Senators Kerry and Lieberman Release Details of Energy and Climate Bill; Incentives for Electric Drive and Natural Gas Vehicles

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Chairman of the Homeland Security and Governmental Affairs Committee, released the details of their long-anticipated energy and climate change legislation on Wednesday, 12 May. According to the recently finalized Inventory of US Greenhouse Gas Emissions and Sinks: 1990-2008 , net US GHG emissions in 2008 were down 2.7%

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European Commission: Global Climate Strategy Needed To Avoid “Potentially Unmanageable Consequences”

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The European Commission has sent a formal communication [ 1 ] to the European Council and European Parliament, laying out the Commission’s recommendations to Council and Parliament on positions that the European Union should take during international climate change negotiations later this year in Copenhagen. European Commission.

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Governors of 11 Northeast and Mid-Atlantic States Agree to Work Together Toward Reducing Greenhouse Gas Emissions from Fuels; Timeline for Developing a Potential Low Carbon Fuel Standard for Region

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A credit trading system will provide opportunities to control costs by allowing a supplier to purchase credits from low carbon fuels and average them with higher carbon fuels delivered to customers. Tags: Climate Change Emissions Fuels Policy.

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