Government passes climate action legislation to enable the carbon tax, cap and trade, vehicle emissions standards, renewable and low
carbon fuel requirements, green community development and low - carbon energy production.
Not exact matches
A small but growing number of countries now have legal
requirements for institutional investors to report on how their investment policies and performance are affected by environmental factors, including South Africa and, prospectively, the EU.36 Concern about the risks of a «
carbon bubble» — that highly valued fossil
fuel assets and investments could be devalued or «stranded» under future, more stringent climate policies — prompted G20 Finance Ministers and Central Bank Governors in April 2015 to ask the Financial Stability Board in Basel to convene an inquiry into how the financial sector can take account of climate - related issues.37
This scenario would change if there were a significant tax on
carbon emissions, or if an equivalent economic penalty were imposed on fossil -
fueled plants through a cap on
carbon dioxide (CO2) emissions or a
requirement that CO2 be sequestered.
published report, Hayward stated that holding the US back from fulfilling it's petroleum - based product
requirements is «a reluctance to develop the nation's massive natural resources under the mistaken belief in the unproven science that claims
carbon dioxide (CO2) emissions from burning of fossil
fuels is the major cause of recent and future warming of the Earth.
Reversing the effects of deforestation is also important and there will need to be incentives to achieve increased
carbon storage in the biosphere and soil, but the crucial
requirement now is to limit the amount of fossil
fuel carbon in the air.
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On one hand, the downturn may give policymakers the incentive to obscure the costs of climate regulation, leading to the adoption of a patchwork of regulatory
requirements, a low
carbon fuel mandate, a renewable portfolio standard, and other measures that would be significantly more costly than a simple price on
carbon.
Here's the keystone line from one of a series of papers on this energy gap by Hoffert et al (Science, 2002), John Holdren (pdf), and others: «Mid-century primary power
requirements that are free of
carbon dioxide emissions could be several times what we now derive from fossil
fuels (~ 10 [to the 13th power] watts), even with improvements in energy efficiency.»
C. Technically, it is still possible to solve the climate problem, but there are two essential
requirements: (1) a simple across - the - board (all fossil
fuels) rising
carbon fee [2] collected from fossil
fuel companies at the domestic source (mine or port of entry), not a
carbon price «scheme,» and the money must go to the public, not to government coffers, otherwise the public will not allow the fee to rise as needed for phase - over to clean energy, (2) honest government support for, rather than strangulation of, RD&D (research, development and demonstration) of clean energy technologies, including advanced generation, safe nuclear power.
HERE is a poll by the IGM of their Economic Experts Panel on a
carbon tax; the question posed was: «A tax on the
carbon content of
fuels would be a less expensive way to reduce
carbon - dioxide emissions than would a collection of policies such as «corporate average
fuel economy»
requirements for automobiles».
There are reasons to worry about whether a
carbon tax or cap - and - trade system would produce the emissions reductions we need quickly enough, and it is very plausible that additional measures like
fuel taxes and efficiency
requirements will be needed in addition.
A demonstration plant powered by geothermal has been running in Iceland since 2011, using a novel low - temp & low pressure technology to process electrolytic hydrogen and
carbon from airborne CO2, to provide 2.5 % of the national liquid
fuel requirement cut with petrol.
Notwithstanding this regulatory
requirement, few fossil
fuel companies discuss how trends towards a low -
carbon economy will impact their results and financial condition.
A basic
requirement for phasing down fossil
fuel emissions is abundant
carbon - free electricity, which is the most rapidly growing form of energy and also has the potential to provide energy for transportation and heating of buildings.
The bill offers the CPUC and the CEC the option of setting «targets or
requirements for energy technology that minimizes the percent of load met by fossil
fuels during net - load peak energy demand and maximizes the use of low -
carbon technologies.»
I think the so called «New Program» that Mr. Obama announced on May 19 is the typical example of two seperate sets of the same
requirement because there is a direct connection between
fuel economy and
carbon dioxide emissions.
Secondly, focussing on delivering turnkey hybrid power solutions, which is of immense
requirement in remote power installations such as island nations, most of which either can not afford the kind of diesel or
fuel import costs that exist at this particular stage, or have mandates to move away from heavy
carbon footprint in order to meet climate change goals.
In an April 1, 2012 column in The New York Times, Prof. Richard H. Thaler of the U-Chicago Booth School of Business aptly summed up the near - unanimity among economists that
carbon taxing is the optimal way to reduce CO2 emissions: «Consider a recent poll of a panel of economists conducted by the University of Chicago Booth School of Business, where I teach... [Forty - one] economists in [a poll conducted by the] University of Chicago... were asked whether they agreed with this statement: «A tax on the
carbon content of
fuels would be a less expensive way to reduce
carbon - dioxide emissions than would a collection of policies such as «corporate average
fuel economy»
requirements for automobiles.»
To help meet that goal, California is implementing numerous measures, including standards for renewable energy, a policy to scale up the use of clean
fuels,
requirements and incentives to increase the use of electric vehicles, and a flexible market - based cap on
carbon emissions that creates economic incentives for major
carbon polluters to cut their emissions.
Advances in battery and other technologies, new federal standards for
carbon - dioxide emissions and
fuel economy, state zero - emission - vehicle
requirements, and the current administration's goal of putting millions of alternative -
fuel vehicles on the road have all highlighted PEVs as a transportation alternative.
Ambitious new initiatives have cascaded out of Schwarzenegger's office — including the two measures raising the renewable - power
requirement on utilities, a state subsidy program to encourage the installation of electricity - generating solar panels on 1 million California roofs, and in January 2007, an executive order establishing the nation's first «low -
carbon fuel standard,» which requires a reduction of at least 10 percent in the
carbon emissions from transportation
fuels by 2020.