A delay to compliance deadlines is the most likely outcome following a US court decision suspending the Cross-State Air Pollution Rule (CSAPR), observers say, but they did not rule out either a restart later this year with minor revisions, a major revision and a consequent longer delay, or a complete invalidation. “I’m not expecting [total invalidation] as an outcome,” said Stephen Fotis, a partner at law firm Van Ness Feldman in Washington, DC. But "it could happen,” he said during a webinar on 12 January, organised by the Environmental Markets Association.
Tuesday, January 17, 2012
Congressional fix for CSAPR fiasco seen as a long-shot
Huckabay Ridge is the largest anaerobic digestion facility in North America
The Huckabay Ridge Anaerobic Digestion Project, located in a large dairy community in Stephenville, Texas, turns manure and substrate (glycerin, grease trap and other organic waste) into biomethane (methane, carbon dioxide, and hydrogen sulfide) and fertilizer through microbial co-digestion.
Buffett's Big Solar Play
Warren Buffett stole headlines this week with the announcement that MidAmerican Energy Holdings, a Berkshire Hathaway branch, was venturing heavily into the solar energy sector.Fans of the billionaire investor may be tempted to follow his company's lead and load up on alternative energy at this time. However, taking into consideration the current market environment, this is one Buffett play I urge conservative investors to monitor from the sidelines.
800M Euros! That's a lot of carbon credits!
European energy and industrial companies have become the most important buyers of carbon credits from the developing world, spending an estimated £800m on the credits last year.
This is too much. What's next? A PETA Cap and Trade framework to save the geese from becoming foie gras?
A group of academics has suggested a pragmatic, if radical, solution to the problem of continuing commercial whaling - putting a price on the animals.
China's 2015 Carbon Trading Framework Is Rolled Out
China's prime minister confirmed the country will increase the amount of non-fossil fuel energy it uses to 11.4% by 2015, and will "vigorously" develop renewable energy as part of its 5-Year Plan. 8.4% of China's electricity came from non-fossil fuel sources in 2010. In addition to renewable energy, the country plans to use nuclear power and natural gas.
CER Carbon Futures Drop to Record Low
United Nations emission credits dropped to a record as Bill Gross, who runs the world’s biggest bond fund at Pacific Investment Management Co., said Greece is heading for default, potentially dragging Europe into recession.
Certified Emission Reduction credits for December fell 5.6 percent to close at 3.36 euros ($4.26) a metric ton on London’s ICE Futures Europe exchange. The contract was first offered on March 14, 2008.
New Carbon Emissions Scheme For EU
The European Commission said on Monday a proposal to limit the use of some carbon credits from industrial gas projects in its emissions trading scheme might be unveiled during a United Nations climate summit in Mexico next week. The European Union Emissions Trading Scheme is the largest multi-national emissions trading scheme in the world.
W.Va. “cap-and-trade” bill under the GOP's sights in W.Va.
One of the major legislative priorities for state Republican delegates this year will be the repeal of former Gov. Joe Manchin's alternative and renewable energy portfolio standard. GOP representatives have introduced a bill repealing all but the legislative findings of the Alternative and Renewable Energy Portfolio Standard. The bill was originally introduced by Manchin in his 2009 State of the State Address.
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