Comments on: Citi mulls moving (coal) mountains after Bank of America acts http://blogs.reuters.com/environment/2008/12/06/citi-mulls-moving-coal-mountains-after-bank-of-america-acts/ Global environmental challenges Wed, 16 Nov 2016 08:14:55 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: megreenyou http://blogs.reuters.com/environment/2008/12/06/citi-mulls-moving-coal-mountains-after-bank-of-america-acts/comment-page-1/#comment-337216 Tue, 16 Dec 2008 16:11:18 +0000 http://blogs.reuters.com/environment/?p=11467#comment-337216 The U.S. generates almost 1/4 of all global greenhouse gas (GHG) emissions. However, to present, federal restrictions have not yet been placed on GHG emissions. There have been initiatives introduced for embryonic carbon trading markets. The Regional Greenhouse Gas Initiative (RGGI) is an obligatory system for reducing carbon emissions from U.S. power plants in the states of New York, New Jersey, Delaware, Maine, Connecticut, Maryland, New Hampshire, and Vermont. Caps will go in effect in 2009 and emissions trading will be a key component of the structure.

In California, the Global Warming Solutions Act of 2006 mandates the creation of a multi-industry structure to reduce GHG emissions in California to 1990 levels by 2020. It appears that emissions trading will be a component of the system that may be linked with the European Union Greenhouse Gas Emission Trading Scheme (EU ETS). In January 2005, the EU ETS commenced operation as the largest multi nation, multi-industry greenhouse gas emission trading system in the world.
You will find an informative discussion of global warming and biodiversity at http://www.onebiosphere.com
In the U.S., which lacks a binding federal carbon trading system, the private Chicago Climate Exchange that is owned by Climate Exchange plc is attempting to create a voluntary carbon exchange for North American and Brazil by utilizing independent verification to allow institutions and individuals to trade carbon reduction credits.

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By: buffalojump http://blogs.reuters.com/environment/2008/12/06/citi-mulls-moving-coal-mountains-after-bank-of-america-acts/comment-page-1/#comment-337163 Wed, 10 Dec 2008 03:12:11 +0000 http://blogs.reuters.com/environment/?p=11467#comment-337163 I now expect thousands of well paying ecotourism jobs to replace the mining jobs. My people have been waiting for years for the environmentalists to create these opportunities as promised but we keep on waiting.

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By: Anubis http://blogs.reuters.com/environment/2008/12/06/citi-mulls-moving-coal-mountains-after-bank-of-america-acts/comment-page-1/#comment-337145 Mon, 08 Dec 2008 14:28:08 +0000 http://blogs.reuters.com/environment/?p=11467#comment-337145 Bank of America has received huge federal monetary guarantees and chose to not keep Republic door company’s credit line active saying it is not their responsibility. This is not an isolated incident. The whole TARP bill is crippled with little or no oversight of the use of funds. Bank of America probably wants to buy another bank with it’s government windfall. What will they do when no one is working and unable to make deposits in their banks? We trusted “Big Business” to bring us prosperity. Now we should trust them to solve the fossil fuel question. What happened to “Fool me once, shame on you. Fool me twice, shame on me!”?

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By: Carbon Offsets http://blogs.reuters.com/environment/2008/12/06/citi-mulls-moving-coal-mountains-after-bank-of-america-acts/comment-page-1/#comment-337132 Sun, 07 Dec 2008 01:50:52 +0000 http://blogs.reuters.com/environment/?p=11467#comment-337132 One thing would that all companies that create major pollution should do is think about getting some carbon offsets to help generate some energy via a method that does not release as much CO2 compared to traditional power generation methods.

RW

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