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MIT report finds China’s actions on climate change crucial; argues for global economy-wide greenhouse gas tax

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The report—titled “The Role of China in Mitigating Climate Change” and published in the journal Energy Economics , compares the impact of a stringent emissions reduction policy with and without China’s participation. The researchers argue for a global economy-wide greenhouse gas tax that spreads the burden of responsibility.

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Study Finds that US Subsidies for Fossil Fuels Are Almost 2.5x Those for Renewables

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US subsidies for fuels and renewable energy, 2002-2008. The study, “Estimating US Government Subsidies to Energy Sources: 2002-2008”, found that fossil fuels benefited from approximately $72 billion over the seven-year period, while subsidies for renewable fuels totaled $29 billion. Nuclear was not included in the analysis.

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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. Assuming the offset is legitimate—i.e.,

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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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CMU Paper: Market-Based Mechanisms for CO2 Reduction Will Be Insufficient to Attain Mid-Century Goals

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cap and trade or a carbon tax) is a likely key part of a US strategy to reduce carbon dioxide (CO 2 ) emissions, such a market-based approach alone will not induce the investments in long-lived technology required to achieve a 50 to 80% reduction in emissions of carbon dioxide by mid-century. Samaras et al. per gallon. Azevedo, Lester B.

Market 186
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Report from the REFF-Wall Street; Themes in Renewable Energy Finance

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Ed Feo is a partner with the law firm of Milbank, Tweed, Hadley & McCloy and was voted one of the “Five Most Influential People in Renewable Energy” in 2008 by Euromoney / Institutional Investor. We reached peak oil consumption in the US in 2008 and the same is true in the EU and Japan. ” Billion in 2008). Billion vs. $28.3

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Time to cut subsidies for fossil fuels? The Green Piece

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The research, released on Friday by the Environmental Law Institute (ELI) and named “Estimating US government subsidies to energy sources 2002-2008” , found that fossil fuels benefited from subsidies totalling $72million over this period compared to just $29billion for renewable fuels. Why is so much money dedicated to fossil fuels?

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