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Moved by Microwaves, Hunter Targets 'Social Cost of Carbon'

2013-06-29 03:04:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: California Republican Duncan Hunter has proposed a measure that would force the White House to seek comment on its use of its estimate of the economic costs of climate change in proposed regulations. The legislation, introduced in the House today, is aimed at preventing the kind of adjustment made by the Obama administration, which raised its so-called social cost of carbon to $38 a metric ton in 2015 from $23.80 as part of little- noticed standards for a kitchen appliance. The administration...

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EU plans to make it mandatory for ship owners to measure carbon emissions

2013-06-28 13:58:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Owners of large ships using EU ports will have to measure and report annual carbon emissions from January 2018 under new European commission proposals published on Friday. The plans stop short of including shipping emissions in the EU carbon market, but the commission says they can still have an impact and are part of its work towards global emissions agreements. "The EU monitoring system will bring environmental and economic gains for the shipping sector by increasing transparency about emissions...

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Carbon Permit Backloading Fight Continues in European Parliament

2013-06-28 12:42:00| Climate Ark Climate Change & Global Warming Newsfeed

ICTS: A European Commission plan to delay the auctioning of millions of carbon permits received a new boost last week, after a European Parliament committee signed off on the proposal. The legislation must still be approved by the full Parliament later this summer, which had rejected an earlier version. The move to delay permit auctions - a practice known as backloading - is aimed at boosting the prices of such permits, which underpin the EU`s Emissions Trading System (ETS). An oversupply of permits,...

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EU carbon market to cancel out 700m tonnes of CO2 cuts

2013-06-28 10:43:00| Climate Ark Climate Change & Global Warming Newsfeed

RTCC: The EU carbon market could cancel out 700m tonnes of greenhouse gas reductions if ambitious reforms are not made, the campaign group Sandbag has claimed. A new report published by Sandbag claims CO2 cuts from other EU policies after 2020 as roll-over surpluses further weaken the effectiveness of the EUs flagship climate tool. The recession reduced demand for carbon credits while the absence of stricter EU climate targets meant supply remained too high. MEPs will vote on a plan to reduce...

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The Myriad Benefits of a Carbon Tax

2013-06-28 10:00:00| Climate Ark Climate Change & Global Warming Newsfeed

New York Times: Laura DAndrea Tyson is a professor at the Haas School of Business at the University of California, Berkeley, and served as chairwoman of the Council of Economic Advisers under President Clinton. Few goals in Washington have more bipartisan support, at least in theory, than cleaning up the tax code. Republicans and Democrats say they want a system that is simpler, fairer and more efficient. Put simply, they want a system with fewer special tax breaks and lower rates. Yet one of the best ideas for...

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