Allowance trading needs oversight, but don’t overdo it.
Catherine Krupka and Susan Lafferty
As Congress mulls omnibus climate-change legislation, questions are arising about the potential for greenhouse gas emissions markets to be manipulated. Current legislation attempts to address the problem, but only a streamlined oversight regime can hope to prevent emissions-trading abuses.
A “clean” bill on carbon tech won’t stay clean for long.
Michael T. Burr, Editor-in-Chief
An interesting development in the climate change debate occurred this summer in the U.S. Congress. It wasn’t the Senate’s work on the Lieberman-Warner Climate Security Act; that was a complete palaver and an embarrassment for American democracy. No, it was a bill quietly introduced by Rep. Rick Boucher (D-Va.), chairman of the House Energy & Air Quality Subcommittee.
The 2008 elections portend federal regulation of greenhouse gases by 2010.
James I. Stewart and M. Sami Khawaja
The outcome of the 2008 elections will determine how the nation deals with greenhouse gas emissions. With the presumptive nominees for president for both parties supporting mandatory GHG regulation, a cap-and-trade system likely will become U.S. law. How soon and how tough depends on the choices voters will make in November.
Utilities test new models to encourage investments in efficiency and conservation.
The industry is struggling to reconcile legacy business models with emerging green priorities. CEOs at Green Mountain Power, Progress Energy, IDACORP, Pepco Holdings, and Reliant Energy explain their perspectives on financing investments in conservation and efficiency.
A comprehensive DR business case quantifies a full range of concurrent benefits.
The benefits of DR remain difficult to quantify. Building a comprehensive business case requires a shift in how policy makers think about DR in order to understand its real possibilities.
New Models for Energy RD&D: A new ‘Clean Energy Institute’ could lead the industry’s war on climate change.
Clean-energy R&D needs better funding and leadership to meet aggressive greenhouse-gas emissions reduction targets. But how does the industry get there, and what management model best suits achieving such lofty goals? A new ‘clean-energy institute’ might be the answer.
Public companies face rising pressure to disclose climate-change risks.
Sey-Hyo Lee and Marushka Bland
Regulation of greenhouse-gas (GHG) emissions and other efforts to control these growing environmental concerns increasingly are impacting businesses, and investors are seeking more and better information on climate-change risks to make informed investment decisions.
“Biomass Fuel Foibles states that biomass plants will reduce greenhouse gas (GHG) emissions. We own several wood (biomass) plants and yes, sulfur emissions are almost zero, but there is always a NOx problem. NOx can be controlled using urea injection and other technologies. But isn’t the main concern over the emission of CO2, and don’t biomass plants or any process that combusts fuel produce CO2 that cannot be controlled?
Turbulent politics and market trends cloud prospects for coal-fired power.
Coal faces more uncertainty than any other base-load generating source. Two new factors, hitherto irrelevant to the U.S. industry, will shape future generation investment—imports of liquefied natural gas (LNG) and greenhouse-gas (GHG) restrictions. Taken together, they point to a bleak future for coal unless its technology advances dramatically … or a political consensus fails to emerge.
Greenhouse-gas regulation will impose vastly greater compliance difficulties than did the Acid Rain program.
Greenhouse gas (GHG) regulation picks up where Acid Rain legislation left off, but affects far more sources and pollutants. Utility compliance programs face major uncertainties.