megreenyou’s Recent Comments

• Click here to view comment in original post

  Global Warming

              The U.S. generates almost 1/4 of all global greenhouse gas (GHG) emissions.  However, to present, federal restrictions have not yet been placed on GHG emissions.  There have been initiatives introduced for embryonic carbon trading markets.  The Regional Greenhouse Gas Initiative (RGGI) is an obligatory system for reducing carbon emissions from U.S. power plants in the states of New York, New Jersey, Delaware, Maine, Connecticut, Maryland, New Hampshire, and Vermont.  Caps will go in effect in 2009 and emissions trading will be a key component of the structure.

              In California, the Global Warming Solutions Act of 2006 mandates the creation of a multi-industry structure to reduce GHG emissions in California to 1990 levels by 2020.  It appears that emissions trading will be a component of the system that may be linked with the European Union Greenhouse Gas Emission Trading Scheme (EU ETS).  In January 2005, the EU ETS commenced operation as the largest multi nation, multi-industry greenhouse gas emission trading system in the world.

              In the U.S., which lacks a binding federal carbon trading system, the private Chicago Climate Exchange that is owned by Climate Exchange plc is attempting to create a voluntary carbon exchange for North American and Brazil by utilizing independent verification to allow institutions and individuals to trade carbon reduction credits.

         The issues of global warming and its impact on biodiversity are reviewed at http://www.onebiosphere.com

  Energy, Climate Change and Biodiversity
              Energy demand is projected to grow at least 50 per cent by 2030.  Energy generated by biomass and waste is estimated to supply 10 per cent of global demand by 2030.  This assumes that fossil fuels will be available to cover most of the demand increase.  Unfortunately, energy-related carbon dioxide emissions are projected to increase faster than energy use by 2030.On U.K. Ministry of Defence: Global warming goes on, deniers are deluded posted 11 months, 3 weeks ago 2 Responses