The demise of the climate bill in the U.S. Senate now leaves the Regional Greenhouse Gas Initiative (“RGGI”) and the Western Climate Initiative (“WCI”) as the only cap-and-trade programs in the U.S. RGGI, which covers 10 northeastern and mid-Atlantic states, holds its ninth auction of emissions allowances in September; meanwhile the WCI, made up of seven U.S…. Continue Reading
Monthly Archives: July 2010
Lawsuit Challenges WA Governor’s Climate Change Executive Order
Posted in Cap & TradeSix Washington state taxpayers have filed a lawsuit (PDF) to stop implementation of Gov. Christine Gregoire’s May 2009 Executive Order to reduce greenhouse gas emissions. The lawsuit claims the governor exceeded her constitutional authority and invaded the province of the legislature by issuing the order, but the challenge is a real stretch in light of existing state climate change law, the Governor’s… Continue Reading
Many UK Firms Likely to Miss Carbon Registration Deadline
Posted in Cap & TradeReuters reports that an environmental consulting firm has concluded about 40% of the British firms that are supposed to register for the UK’s new Carbon Reduction Commitment Energy Efficiency Scheme (CRCEES) don’t even know they have an obligation to do so and are likely to miss the September 30 registration deadline. The CRCEES launched on April 1… Continue Reading
Confidentiality & Carbon Reporting
Posted in Cap & TradeAs U.S. facilities collect their greenhouse gas emissions data this year to submit the first reports to the federal Environmental Protection Agency next March, one of the issues has been how the agency will treat information that a company considers confidential. Under the EPA’s proposed rule it appears that most of the data provided by facilities will be publicly available and not protected as confidential business information (CBI). Greenhouse Gas Reporting Rule The… Continue Reading
California’s Climate of Confusion
Posted in Cap & TradeCalifornia is sending mixed signals on climate change issues these days. While the state has been a leader in adopting both cap-and-trade and renewable portfolio standards (RPS) as parallel strategies to reduce greenhouse gas emissions, those two tracks seem to be diverging. An initiative, Prop. 23, seeks to roll back the state’s landmark cap and trade measure, but at the same time the state legislature is considering uping the… Continue Reading
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