As the U.S. Environmental Protection Agency (EPA) moves forward with standards to reduce power plant emissions—which are due to be finalized in June 2015—many states are wondering how they will comply. WRI’s fact sheet series, Power Sector Opportunities for Reducing Carbon Dioxide Emissions, examines the policies and pathways various states can use to cost-effectively meet or even exceed future power plant emissions standards. This post explores these opportunities in North Carolina. Read about additional analyses in this series.
International climate action took an encouraging step forward today. President Obama reached agreements with the G-20 and with China to phase down the use of hydrofluorocarbons (HFCs), potent greenhouse gases used in appliances like refrigerators and air conditioners.
As extreme weather events like wildfires, heat waves, downpours, and droughts continue to make headlines in the United States and around the world, many have wondered what their connection is to climate change. A new report sheds some light, firmly drawing correlations between several extreme weather events in 2012 and human-induced warming.
President Obama announced a national climate plan in June 2013, directing the U.S. Environmental Protection Agency (EPA) to set carbon pollution standards for the power sector. Once EPA establishes those standards, states will implement their own plans for achieving those reductions.
China launched its first pilot emission trading program this past June. This development is potentially a major marker in the country’s efforts to reduce greenhouse gas (GHG) emissions.
The Shenzhen Emissions Trading Scheme (ETS) program will cover some 635 industrial companies from 26 industries. This is the first of seven proposed pilot GHG cap-and-trade schemes in China, which the country has been developing since 2011. Besides Shenzhen, four of the other pilots are expected to start trading this year.[^1]
In 2010, these 635 industrial companies emitted 31.7 million tons of carbon dioxide and contributed 59 percent of the Industrial Added Value (gross domestic product (GDP) due to industry) and 26 percent of Shenzhen’s GDP.
Bringing together some of the world’s foremost economic experts to contribute to the global debate about climate change and economic policy, and to inform government, business and investment decisions.
Building support for climate change action by ensuring policy makers, media and citizens are aware of local U.S. climate impacts.
An Overview of the Current Policy Landscape
This report provides an overview of major policies in Australia that are likely to make a measurable reduction in greenhouse gas (GHG) emissions. The paper discusses a carbon-pricing mechanism, renewable energy target, and other existing and emerging policies, as well as the implications of the...
Australia is a major nation to watch when it comes to curbing climate change. The country made an international commitment to reduce its GHG emissions by 5 to 25 percent from 2000 levels by 2020. How Australia achieves these reductions can provide lessons on how other countries around the world can pursue their own climate change mitigation plans.
WRI’s Open Climate Network and Australia’s The Climate Institute (TCI) recently analyzed Australia’s climate change plan, which includes a mix of policies to reduce emissions (check out the working paper here). We found that three initiatives stand out in terms of their potential to significantly reduce GHG emissions: a carbon pricing mechanism, a Renewable Energy Target (RET), and the Carbon Farming Initiative (CFI).