China Just Made A Bigger Carbon Market Move Than Obama’s EPA Rules
President Obama’s pending power plant emissions rules are getting all the attention, but China may have just made an even bigger carbon market policy move.
Carbon budget
Can Climate Hawks Beat Chris Christie To Let New Jersey Rejoin RGGI?
Two developments this month raise the possibility New Jersey could overcome Governor Chris Christie’s withdrawal and rejoin the Regional Greenhouse Gas Initiative.
Fossil Fuel Divestment Spreading Faster Than Any Previous Campaign – Even Apartheid
Oxford University reports the fossil fuel divestment campaign is gaining traction faster than previous divestment efforts against Apartheid, tobacco, and pornography, posing a serious reputational risk to the world’s biggest fossil fuel companies.
Carbon Markets Cut Emissions 17x Cheaper Than Subsidies
Markets reduce greenhouse gas emissions nearly 17 times cheaper than paying power generators renewable energy subsidies, according to new analysis of 15 nations by the Organization for Economic Cooperation and Development.
World’s Carbon Budget To Be Spent In Three Decades
The Intergovernmental Panel on Climate Change’s (IPCC) Fifth Assessment Report (AR5) has delivered an overwhelming consensus that climate change impacts are accelerating, fueled by human-caused emissions. We may have just about 30 years left until the world’s carbon budget is spent if we want a likely chance of limiting warming to 2 degrees C. Breaching this limit would put the world at increased risk of forest fires, coral bleaching, higher sea level rise, and other dangerous impacts.
