The Great Debate

California voters back weakened climate law

November 3, 2010

-The opinions are the author’s own-

California voters on Tuesday rejected a measure to suspend the state’s innovative climate change law. But the state’s emission trading scheme has been substantially diluted to buy off opposition from energy-intensive industries and allay fears about job losses.

States see pushback against carbon trading

April 12, 2010

CHINA-POLLUTION/

– John Kemp is a Reuters market analyst. The views expressed are his own —

Efforts to implement cap-and-trade programs at state level are faltering, just as policymakers in Washington are struggling to generate enough support to put in place a comprehensive national system.

Emissions bill overhauled to secure votes

March 3, 2010

WEATHER/

– John Kemp is a Reuters columnist. The views expressed are his own –

Prominent U.S. senators are set to substantially re-write climate legislation in a bid to secure the 60 votes needed for passage before Congress is engulfed by the mid-term election campaign.

Emissions prices in 2020

February 18, 2010


kemp

– John Kemp is a Reuters columnist. The views expressed are his own —

Uncertainty about the future cost of emissions allowances for greenhouse gases is one of the biggest obstacles to winning consent for a cap and trade or cap and refund programme in the U.S. Congress. To have any realistic prospect of passing emissions legislation, lawmakers must find a way to reduce it.
Proponents argue a trading programme would ensure emissions reductions are achieved in the most cost-effective manner. They point to the success of the Environmental Protection Agency (EPA)’s Acid Rain Program in cutting sulphur dioxide (SO2) emissions much more quickly and at a fraction of the expected costs during the 1990s.

California tilts towards cap and refund

February 16, 2010


kemp

– John Kemp is a Reuters columnist. The views expressed are his own —

California is set to auction all or almost all allowances under its emissions trading programme, and rebate up to 75 percent of the proceeds to households through a lump sum payment or reductions in income and sales taxes.
The proposals, contained in a draft recommendation from the Economic and Allocation Advisory Committee (EAAC) to the California Air Resources Board (CARB), are in sharp contrast to the proposed federal programme, stalled in Congress, which would give away most permits to utilities and other energy intensive industries.
Since California’s proposed programme is one of the most advanced, and would be the largest and most comprehensive in the country, with links to other states through the Western Climate Initiative (WCI), the decision gives significant impetus to proponents of the cap and refund approach, now emerging as a credible alternative in Congress.
ADVISORY COMMITTEE MANDATE

Massachusetts election kills cap-and-trade

January 20, 2010

- John Kemp is a Reuters columnist. The views expressed are his own -

The Republican Party’s stunning special election victory in deep-blue Massachusetts has killed any lingering prospect of passing cap-and-trade legislation in 2010, and with it international negotiations to produce a binding climate accord before the end of the year.

Senate retirements narrow cap-trade window

January 6, 2010

– John Kemp is a Reuters columnist. The views expressed are his own –

kemp
LONDON – Yesterday’s announcement by Senator Byron Dorgan (Democrat, North Dakota) that he would not seek a fourth term in November, coupled with today’s expected announcement by Senator Chris Dodd (Democrat, Connecticut) that he won’t seek a sixth term, will remove two veterans, once secure legislators from the Democratic caucus.
It highlights the mounting problems confronting congressional Democrats facing voters in November’s midterms amid high unemployment, a relatively unpopular agenda led by the administration, and concerns about the party’s capture by special interests.

Cost of cap-and-trade for U.S. households

December 18, 2009

– John Kemp is a Reuters columnist. The views expressed are his own –

How much are U.S. households prepared to pay to avert the threat of climate change? According to the latest polling data published by the Washington Post, the answer is not very much, probably not much more than $25 per month or $300 per year.

Defeats doom climate bill in ’09

November 5, 2009

John Kemp– John Kemp is a Reuters columnist. The views expressed are his own –

Resounding defeats for Democratic Party gubernatorial candidates in Virginia and New Jersey on November 3 have killed any lingering hope Congress will enact climate change legislation this year, and may doom the prospect of passing a cap-and-trade bill this side of the 2010 mid-term elections.

from James Pethokoukis:

3 reasons why cap-and-trade is in trouble

September 8, 2009

The man who will almost certainly become Japan's next prime minister, Yukio Hatoyama, is promising to cut the nation's greenhouse gas emissions by 25 percent from 1990 levels by 2020.