Grist | Topics | 221 Results

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Headline	Author	Published	Section
Shadowboxing DFHs, part gazillion Wired passes along conventional wisdom on climate policy	David Roberts	30 Sep 2008	Gristmill
Andrew Sullivan approvingly cites this piece from Steve Rayner, a letter to the next president about what to do on climate change. It seems Wired has made it company policy to publish only stuff that drives me up the wall. First, it says "cap and trade won't work" on the basis of the fact that cap-and-trade won't work alone -- that it won't drive carbon prices high enough, fast enough, to induce the development of clean technology on the scale we need (the a ...
Topics: politics, tech, investing, regulation, carbon trading, tax incentives, climate, climate change mitigation (all these topics)

And the Carbon Goes to ... Northeast states' first carbon auction goes smoothly despite financial crisis	Doug Struck	29 Sep 2008	Grist Feature
Carbon allowances sold for $3.07 per ton in the nation's first regional cap-and-trade auction, auction officials said Monday. The price was lower than futures markets had predicted but higher than the minimum price some had feared. The Regional Greenhouse Gas Initiative auction held last Thursday sold all of the 12.6 million allowances offered in this first biddi ...
Topics: carbon trading, climate, climate change mitigation, energy, utilities (all these topics)

RGGI: Not dead yet Pulitzers await the enterprising journalist who digs into the RGGI efficiency story	Adam Stein	26 Sep 2008	Gristmill
The Regional Greenhouse Gas Initiative, the first legally binding cap-and-trade system in the hemisphere, kicked off yesterday with the world's largest carbon credit auction. The program immediately failed. I don't know anything about the results of the auction, which won't be made public until Monday, but I do know that whatever happened, RGGI is a great big failure. I know this because journalists prepared its obituary weeks ago. The New York Times recently explaine ...
Topics: carbon trading, climate, economy, energy, energy efficiency, greenhouse-gas emissions (all these topics)

House Dems embrace 'Drill, baby, drill' Offshore drilling ban will expire at the end of September	Joseph Romm	24 Sep 2008	Gristmill
Democrats will let the ban on offshore drilling expire this month. The AP reports: Democrats have decided to allow a quarter-century ban on drilling for oil off the Atlantic and Pacific coasts to expire next week, conceding defeat in an month-long battle with the White House and Republicans set off by $4 a gallon gasoline prices this summer.Appropriations Committee Chairman David Obey, D-Wis., told reporters Tuesday that a provision continuing the moratorium will ...
Topics: offshore drilling, oil and gas drilling, Congress, politics, legislation, carbon trading (all these topics)

This Little Carbon Went to Market Northeast states' regional carbon trading system goes live this week	Doug Struck	24 Sep 2008	Grist Feature
The nation's first carbon cap-and-trade program starts Thursday, when power plant owners in 10 northeastern states submit sealed bids to buy allowances to emit greenhouse gases. Two other regional programs are to follow, assuring that nearly half of the United States will be covered by carbon trading programs -- with or without leadership from Congress and the White H ...
Topics: carbon trading, climate change mitigation, utilities (all these topics)

West for the Weary Western states announce proposal for cutting GHG emissions		23 Sep 2008	News
Posted at 3:07 PM on 23 Sep 2008 Participants in the Western Climate Initiative on Tuesday announced specific plans for cutting greenhouse-gas emissions 15 percent below 2005 levels by 2020. The seven states and four provinces will initiate a cap-and-trade program, establishing a carbon market that applies to industries and utilities by 2012 and transportation, heating, and other fuels by 2015. The proposed program is ...
Topics: Arizona, business, California, Canada, carbon trading, climate, climate change mitigation, Montana, New Mexico, news, Oregon, Utah, Washington (all these topics)

Hott policy primer	David Roberts	23 Sep 2008	Gristmill
Sightline has a new report out: 'Cap and Trade 101: A Climate Policy Primer.' It's a plainspoken introduction that explains: The cap, the trade: How cap and trade works How to evaluate the efficiency, effectiveness, and fairness of a cap and trade system What about offsets? What happens to energy prices Carbon tax vs. cap and trade Auctioned vs. free pollution permits How to build in protections for working famili ...
Topics: carbon offsets, carbon trading, climate (all these topics)

Further implications of the financial meltdown A weak economy brings a diminished appetite for curbs on carbon emissions	Adam Stein	19 Sep 2008	Gristmill
The Freakonomics blog offers up a long-ish but lucid discussion of the ongoing financial crisis. I recommend the whole thing, but in a nutshell: Financial institutions borrow money all the time to fund their investments. When the real estate bubble burst, a lot of those investments lost value rapidly, leaving banks such as Bear Stearns and Lehman Brothers unable to borrow new money and unable to repay their existing debt. This situation can lead to a domino effect -- &qu ...
Topics: Wall Street, economy, carbon trading, investing, business, gas prices (all these topics)

Update on House action House passes minor environment-related bills and works a bit on climate	Kate Sheppard	18 Sep 2008	Gristmill
The House got down to some business on Thursday, working to cross a few things off its list before time runs out on the 110th Congress. It passed the Commodity Markets Transparency and Accountability Act, which would curb speculation in the energy-futures markets. The bill was approved by a vote of 283 to 133, and it now heads to the Senate. The House also passed the No Child Left Inside Act, a bill to improve and expand environmental education. Sponsored by ...
Topics: legislation, carbon trading, carbon tax, Congress, climate, Muckraker, news, politics (all these topics)

The sea-ice melt is to the Arctic as the Wall Street melt is to ... The financial meltdown and other considerations for clean energy development	Adam Stein	17 Sep 2008	Gristmill
Tom asked earlier what the "anarchic" disintegration of Lehman Brother's carbon trading desk -- taking place within the broader disintegration of the entire company -- means in the bigger picture. And the answer, most likely, is pretty much nothing. This is true for a variety of reasons, not least among them that Lehman Brothers was a small player in the carbon markets. The center of gravity in the carbon-trading world is in Europe. Beyond that, the carbon mar ...
Topics: carbon trading, economy, gas prices, investing, renewable energy, Wall Street (all these topics)

Financial crisis, meet climate crisis Will New York Gov. Paterson gut the regional northeastern-state carbon cap?	Tom Philpott	16 Sep 2008	Gristmill
New York State relies heavily on Wall Street as an economic engine. With the financial-services industry in its deepest funk since the Great Depression, New York politicians are extremely skittish about the state's economic prospects. That's why Gov. David Paterson has been scrambling to help prop up AIG, the wobbly New York-based insurance behemoth. And that's not all he's doing in response to a possible economic slump for his state. According to The Daily Green ...
Topics: business, carbon trading, greenhouse-gas emissions, New York, state politics, Wall Street (all these topics)

'A bit anarchic' Lehman quietly shuts down its carbon-trading desk	Tom Philpott	16 Sep 2008	Gristmill
I have no idea how to parse the long-term implications of this: Lehman Brothers shut down its carbon emissions trading desk after the bank filed for bankruptcy protection, a source close to the company told Reuters on Monday. The "source close to the company" declared the sudden stoppage "a bit anarchic." I agree! Lehman had announced that it would keep all operations going as it went through bankruptcy. Guess not. Any comment on this dev ...
Topics: business, carbon trading, economy, Wall Street (all these topics)

America's Next Top Priority? Obama would make cap-and-trade program a top economic priority		26 Aug 2008	News
Posted at 2:37 PM on 26 Aug 2008 Photo: barackobama.com Setting up a cap-and-trade system for greenhouse-gas emissions would be one of Barack Obama's top economic priorities if he were elected president, right up there with a new health-care system, The Wall Street Journal reports. As part of an effort to cut emissions 80 percent below 1990 levels by 2050, Obama would auction off pollution permits, rais ...
Topics: Barack Obama, carbon trading, climate, news, politics, US EPA (all these topics)

Green shrinking feet Seven in 10 Americans reducing carbon footprint	Joseph Romm	25 Aug 2008	Gristmill
The following post is by Ken Levenson, guest blogger at Climate Progress. ----- At least 7 in 10 say say they are trying to reduce their carbon footprint. That's according to a new ABC News/Planet Green/Stanford University poll released this month. Yes, this headline appears very much a result of higher gasoline prices: 59 percent say they're using less gasoline -- driving less, using smaller, more fuel-efficient cars, carpooling, taking mass transit and the ...
Topics: carbon trading, climate, energy, green living (all these topics)

Obamanomics NYT Magazine probes Obama's economic thinking	David Roberts	25 Aug 2008	Gristmill
If you read only one article about Barack Obama this week -- hell, this campaign season -- make it 'Obamanomics,' by David Leonhardt, in Sunday's New York Times Magazine. Little I've read about Obama has provided more insight into the way he thinks, not only about economics, but also about public policy generally. The framing here is the 'battle of the Bobs' -- Clinton Treasury Secretary Robert Rubin, who prioritizes bringing down the deficit and strengthening markets ...
Topics: Barack Obama, carbon trading, economy, greenhouse-gas emissions, presidential race 08 (all these topics)

Inside WCI: Federal pre-emption What happens with a new president?	Eric de Place	22 Aug 2008	Gristmill
This is part of a short series of posts that explain some important but often overlooked policy issues in the Western Climate Initiative -- the West's regional cap-and-trade system. (Much to readers' delight, this is the last installment I'm planning to write.) You can't talk about regional cap-and-trade very long before someone brings up the subject of pre-emption. What happens if the federal government creates a national cap-and-trade program? Would the regional p ...
Topics: cap-and-dividend, carbon trading, climate, elections, presidential race 08 (all these topics)

The doomed fate of climate change legislation In either an Obama or McCain adminstration, climate legislation will be back-burnered	Jason D Scorse	19 Aug 2008	Gristmill
Just months ago there was a palpable sense of optimism that no matter who is elected president this November that the U.S. would soon embark on serious climate change legislation. I think recent events have shown that the chances of that happening are slim to none. Let's start with if McCain is elected. Today the senator from Arizona is going to do a photo-op on an oil rig because he has become the biggest champion of increased drilling this side of the Middle ...
Topics: Barack Obama, carbon trading, climate, John McCain, legislation, politics, presidential race 08 (all these topics)

To achieve maximum technologically feasible GHG reductions, or not to, that is the question EarthJustice challenges the legality of the draft plan for California's A.B. 32	David Roberts	17 Aug 2008	Gristmill
EarthJustice is challenging the legality of the draft release of California's climate change program, A.B. 32. They say it fails to follow all of the statutory requirements. Specifically: This letter focuses on three primary deficiencies in the Draft Scoping Plan: first, the Draft Scoping Plan uses the 2020 greenhouse gas emission limit as a ceiling on the amount of greenhouse gas emission reductions required, when in reality the emissions limit is the minimu ...
Topics: California, carbon trading, climate, greenhouse-gas emissions, legislation, state politics (all these topics)

Sandor slander Head of CCX endorses McCain's cap-and-trade program, reveals misunderstanding of climate policy	David Roberts	11 Aug 2008	Gristmill
Over on Huffington Post, Frank Carlson has a story revealing that Richard Sandor, the founder of the Chicago Climate Exchange, supports McCain's cap-and-trade system over Obama's -- that is to say, he supports giving pollution permits away rather than auctioning them. The story reveals that neither Carlson nor Sandor understands the difference very well. Here's how Carlson frames it: McCain says he would dole out permits in much the same way proposed by the Clima ...
Topics: carbon trading, economy, elections, politics, presidential race 08 (all these topics)

California climate skirmish Los Angeles utility starts to squawk as it stares down a $700 million carbon bill	Adam Stein	04 Aug 2008	Gristmill
Regulators have won praise for speed and thoughtfulness with which they have laid the groundwork for implementation of A.B. 32, the landmark bill that aims to bring California's greenhouse gas emissions down to 1990 levels by 2020. But even within a single state, climate change legislation creates winners and losers, and regional tensions are starting to show. California's climate plan consists of a slew of new efficiency standards, regulations, and reduction measures ...
Topics: California, carbon trading, climate, energy efficiency, greenhouse-gas emissions, legislation (all these topics)

Myth: All solutions to climate chaos raise prices Busted: Majority of emissions cuts can come from public spending	Gar Lipow	25 Jul 2008	Gristmill
A common rap by environmental economists is 'any means of cutting emissions raises prices.' Though it is used in defense of a valid point (in the long run we will have to institute either a carbon tax or a permit system), it is simply not true. The vast majority of emissions cuts can come via public spending that won't raise prices. We can subsidize efficiency improvements to buildings, fund a conversion of most long-haul trucking to rail, and in the long run electrify ...
Topics: carbon trading, climate, electricity, greenhouse-gas emissions, public transportation (all these topics)

Response to EDF's Tony Kreindler Has EDF spun out of environmentalism?	Ken Ward	25 Jul 2008	Gristmill
Tony Kreindler reiterates EDF's position that the short-term targets in Lieberman/Warner are strong, that its essential framework is sound, and that we have 40 years to strengthen its weak areas ... but don't expect to do so anytime soon. In his recent Grist series, Kreindler wrote, "the political landscape in 2009 will be much like today's as far as climate change legislation goes." This is an astonishing admission about the state of U.S. environme ...
Topics: carbon trading, climate, environmental movement, greenhouse-gas emissions, oil and gas drilling (all these topics)

WCI's new proposal What the Western Climate Initiative does right -- and what it could do better	Eric de Place	24 Jul 2008	Gristmill
Draft is here [PDF]. Just the major points. First off, the proposal is basically pretty good. We should keep in mind that what WCI is doing represents a big -- gigantic -- step in the right direction for the climate. So I'll raise a glass to everyone who's worked so hard on the WCI proposal so far. But there's room for improvement. Below, I highlight the core areas of the proposal. These are bedrock issues that make me concerned.Transportation is in. Sort of. It ...
Topics: cap-and-dividend, carbon tax, carbon trading, climate, greenhouse-gas emissions, state politics (all these topics)

West Foot Forward Western states unveil draft cap-and-trade scheme		24 Jul 2008	News
Posted at 12:53 PM on 24 Jul 2008 The Western Climate Initiative has unveiled a draft proposal for a regional cap-and-trade program that would kick off in 2012. The 11 states and provinces involved -- Arizona, British Columbia, California, Manitoba, Montana, New Mexico, Ontario, Oregon, Quebec, Utah, and Washington -- would impose an as-yet-determined greenhouse-gas emissions limit on industries and utilities, then allow laggards ...
Topics: Arizona, business, California, Canada, carbon trading, climate, climate change mitigation, Montana, New Mexico, news, Oregon, Utah, Washington (all these topics)

Nagging our way to climate stability Forget a carbon cap; try guilt instead!	Eric de Place	21 Jul 2008	Gristmill
This is quite possibly the most idiotic argument I've ever heard against cap-and-trade. Why is it bad? By turning carbon emissions into commodities that can be bought and sold, cap-and-trade policies could remove the stigma from producing such emissions ... the purchase of the right to emit greenhouse gases would likely reduce any stigma associated with doing so. Emission levels, consequently, could rise. Oh, lordy, that's a good one. But that's from an op-ed in ...
Topics: cap-and-dividend, carbon trading, climate, greenhouse-gas emissions (all these topics)

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