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Last week, I wrote an introduction to the hot new trend in energy: 24/7 carbon-free energy (CFE), i.e., matching a company or city’s power consumption with production of clean electricity throughout the day, every hour of every day. If you haven’t read it yet, you’ll want to check it out before reading this post.
THE WORLD’S leaders may quail at extinguishing coal-fired plants or raising petrol prices, but they can be relied upon to embrace one ally in the fight against climate change: the tree. For all his claims that climate change was a hoax, even Donald Trump, as president, championed an initiative to plant a trillion trees.
There are two big risks in the world’s impending transition to a low-carbon energy future. The first, of course, is that it may fail to achieve sufficient emissions reductions to prevent a climate debacle. The second is that it unintentionally enriches and empowers the world’s autocratic regimes. Saving the planet must be thought of strategically, in the context of the Biden administration’s goal of demonstrating that democracy is the wave of the future.
From the start of his term, President Biden has indicated that he wishes to pursue an ambitious climate agenda. On his first day in office, he recommitted the U.S. to the Paris Climate Agreement and ordered agencies to review a slew of climate-related (de-)regulations enacted by the Trump administration. One week later, he signed the Executive Order on Tackling the Climate Crisis, which outlined a “whole-of-government” approach to mitigating and responding to climate change. And in April, he announced a new target for U.S. emissions reductions: to halve emissions from 2005 levels by 2030.
Carbon pricing is back in the climate change conversation, but House and Senate Democrats are at odds about the policy as reconciliation talks reach a breaking point. Senate Finance Chair Ron Wyden (D-Ore.) is pushing for what effectively amounts to a carbon fee and dividend system that top Senate Democrats see as one of the most important climate policies under discussion for reconciliation. But the House is less enthusiastic. Having already marked up their vision for a $3.5 trillion spending package, House Democrats say Wyden needs to show them a concrete proposal before they can take the carbon pricing talk seriously.
As fire ripped through the Mendocino County hills the summer of 2018, burning a vast expanse of forest and turning buildings to ash, a curious thing was happening at Eddie Ranch, a sprawling property scorched by the flames.
Efforts to price carbon should be elevated to the international level, the head of the Organization for Economic Cooperation and Development told EU finance ministers Saturday.
Big energy trading houses, long focused on deep, volatile markets such as oil and natural gas, are now bulking up their carbon-trading operations as governments around the world push to expand the market for trading carbon emissions.
The American carbon tax, an alluringly simple policy once hailed by environmentalists, scholars, and politicians as a cure-all for climate change that, for all its elegance in economic models, could not overcome its enduring unpopularity with the American public, died last month at its home in Washington, D.C. It was 47.