Remove 2009 Remove Coal Remove Industry Remove Louisiana
article thumbnail

DOE Makes First Awards from $1.4B for Industrial Carbon Capture and Storage Projects

Green Car Congress

billion from the American Recovery and Reinvestment Act for the capture carbon dioxide from industrial sources for storage or beneficial use. Energy Secretary Steven Chu wrote an editorial for the 25 September 2009 special issue of the journal Science on carbon capture, in which he addressed the magnitude of the challenge.

Carbon 210
article thumbnail

DOE to Award $106M to Six CO2 Conversion Projects; $156M in Matching Private Funding

Green Car Congress

The US Department of Energy has selected six projects for funding that aim to find ways of converting captured carbon dioxide emissions from industrial sources into useful products such as fuel, plastics, cement, and fertilizers. The six projects were initially selected for a first-phase funding in October 2009 as part of a $1.4

article thumbnail

Perspective: The UN Approval Process for Carbon Offsets

Green Car Congress

Under the cap-and-trade system, industries regulated by it—the largest being power generation, chemicals, steel, and cement—are given limits on their total emissions, and companies can purchase emission reductions from others in lieu of reducing emissions themselves. 100% for some agricultural processes. Inadequate Oversight of DOEs.

Carbon 255
article thumbnail

Perspective: The Role of Offsets in Climate Change Legislation

Green Car Congress

For example, a covered source (an entity in the power generation, chemicals, steel, and cement industries) can make reductions beyond its compliance obligations and then sell these reductions as credits to other covered sources. coal-fired power plants) would either be required by the emissions cap. Transaction Costs.

article thumbnail

Perspective: Why Carbon Emissions Should Not Have Been the Focus of the UN Climate Change Summit and Why the 15th Conference of the Parties Should Have Focused on Technology Transfer

Green Car Congress

Renergie was formed for the initial purpose of raising capital to develop, construct, own and operate a decentralized network of ten modular-designed small advanced biofuel manufacturing facilities (SABMFs) in the parishes of the State of Louisiana which were devastated by hurricanes Katrina and Rita. ]. Donovan, CEO of Renergie, Inc.

article thumbnail

Perspective: Regional Greenhouse Gas Cap-and-Trade Programs May be the Solution

Green Car Congress

Cap-and-trade was first tried on a significant scale twenty years ago under the first Bush administration as a way to address the problem of airborne sulfur dioxide pollution–widely known as acid rain–from coal-burning power plants in the eastern United States. RGGI took effect and began regulating CO 2 emissions on January 1, 2009.

Gas 244