article thumbnail

Obama blueprint for a US economy “built to last” includes “all-of-the-above” energy strategy; call for 80% of US electricity from clean sources by 2035

Green Car Congress

President Obama used his last State-of-the-Union (SOTU) address of his term to outline four main elements of a blueprint for an “ economy that’s built to last: an economy built on American manufacturing, American energy, skills for American workers, and a renewal of American values. ”. —President Obama.

Obama 186
article thumbnail

USGS assessment finds mean CO2 storage potential of 3,000 gigatonnes in US

Green Car Congress

The assessment comes on the heels of a national climate action plan announced by President Obama. As an acceptable condition for US government support for public financing of new coal plants overseas. Earlier post.). The US Energy Information Administration (EIA) estimates that in 2011, the United States emitted 5.5 metric gigatons.

CO2 230
article thumbnail

Devil in the Details: World Leaders Scramble To Salvage and Shape Copenhagens UNFCCC Climate Summit

Green Car Congress

At issue is the 2012 expiration of the Kyoto Protocol, a binding but effectively unenforceable 1997 treaty that had set greenhouse gas (GHG) emission reduction targets for 40 industrialized countries, referred to as Annex 1 countries, yielding an average GHG reduction of 5.2% ” [ 3 ].

Climate 236
article thumbnail

DOE selects 16 projects for funding to develop post-combustion carbon capture technologies

Green Car Congress

The US Department of Energy has selected 16 projects for almost $29 million in funding to develop advanced post-combustion technologies for capturing carbon dioxide from coal–fired power plants. The application of ultrasonic energy forces dissolved CO 2 into gas bubbles. DOE share: $1,620,794; recipient share: $422,269. Battelle (PNNL).

Carbon 225
article thumbnail

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

Green Car Congress

While everyone agrees that Barack Obama has made a huge difference in the future of renewables, attendees were worried about the cap and trade provisions of the 2009 Energy Bill. The 300 refers to 300 basis points with a basis point being 1/100 th of a percent (300 basis points = 3%). Cap and Trade Disappointment.

Financing 150
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. Senators Lindsey Graham (R-S.C.), John Kerry (D-Mass.) Reduced Output.

Gas 244