Valerie's Feed
Jul 27, 2015

U.S. private sector vows to ante up on climate finance

WASHINGTON (Reuters) – Some of the biggest U.S. corporate names on Monday offered their support – and billions of dollars in green financing pledges – to buttress the Obama administration’s quest for a global agreement on combating climate change.

Google, Apple, Goldman Sachs and 10 other well-known companies joined the White House in launching the American Business Act on Climate Pledge, a campaign that the White House said would inject $140 billion in low-carbon investments into the global economy.

Jul 16, 2015

Clinton takes pragmatic tone on fossil fuels, climate change

By Amanda Becker and Valerie Volcovici

DOVER, N.H. (Reuters) – U.S. Democratic presidential candidate Hillary Clinton said on Thursday she would seek to phase out fossil fuel extraction and increase fees on companies operating on public lands in a way that does not disrupt the economy if elected to the White House, irking environmental activists seeking stronger environmental policies.

Clinton said she is committed to addressing climate change, which she called an “existential threat,” but said it would not be responsible to halt oil, natural gas and coal extraction on federal lands abruptly.

Jul 7, 2015

After coal, can better health save West Virginia?

WILLIAMSON, WV (Reuters) – With coal trains chugging past in the distance, Jack Perry watches as his wife, Margie, plants row upon row of Hungarian pepper seedlings in the community garden that residents of this West Virginia coal town call the “Garden of Eatin’.”

    ”The peppers they sell at the stores don’t taste anything like this,” says Perry, a retired coal worker. His grandfather brought over the original batch of seeds in the early 1900s when he arrived from Hungary to work in southern West Virginia’s mines.

Jun 29, 2015

Factbox: Questions remain on U.S. mercury rule after high court ruling

WASHINGTON (Reuters) – The U.S. Supreme Court said on Monday that the Environmental Protection Agency should have weighed the potential financial costs of compliance before imposing limits on emissions of mercury and other toxins from coal-fired power plants.

But the regulations have actually been in effect since April and are still the law while the EPA pursues attempts to redo its cost estimates for the lower court, so some uncertainty remains.

Jun 29, 2015

Questions remain on U.S. mercury rule after high court ruling

WASHINGTON, June 29 (Reuters) – The U.S. Supreme Court said
on Monday that the Environmental Protection Agency should have
weighed the potential financial costs of compliance before
imposing limits on emissions of mercury and other toxins from
coal-fired power plants.

But the regulations have actually been in effect since April
and are still the law while the EPA pursues attempts to redo its
cost estimates for the lower court, so some uncertainty remains.

Jun 23, 2015

China puts $6 trillion price tag on its climate plan

WASHINGTON, June 23 (Reuters) – It will cost China over $6.6
trillion (41 trillion yuan) to meet the greenhouse gas reduction
goals it will lay out later this month in its strategy for
United Nations climate negotiations, the country’s lead
negotiator for the talks said Tuesday.

Xie Zhenhua, special representative for climate change
affairs at China’s National Development and Reform Commission,
said the objectives China will outline by the end of June will
be “quite ambitious”.

Jun 22, 2015

Obama administration sees cost savings, health benefits from climate action

WASHINGTON (Reuters) – The health and economic benefits of
global climate change policies outweigh the impacts of taking no
action, the Obama administration said Monday in a new report,
which was released as Congress tries to weaken some of those
policies this week.

The new report by the Environmental Protection Agency makes
the first attempt to quantify the benefits of global action on
climate change by examining 20 key sectors from water to
electricity to infrastructure, EPA Administrator Gina McCarthy
told reporters Monday.

Jun 18, 2015

Pope attacks emissions trading as a possible ‘ploy’

By Nina Chestney and Valerie Volcovici

(Reuters) – Pope Francis attacked one of the major policy initiatives in the fight to combat climate change, warning in his encyclical published on Thursday that the trading carbon credits could merely reward speculators instead of controlling global greenhouse gas emissions.

The pope, the first from the developing world, cautioned that carbon trading systems could be a smokescreen to allow large carbon emitters in wealthy countries to keep doing so, suggesting it might be “a ploy which permits maintaining the excessive consumption of some countries and sectors.”

Jun 10, 2015

In twist, Obama emissions plan satisfies industry, worries greens

By Valerie Volcovici

(Reuters) – For two years, President Barack Obama has used his executive power to impose new rules to cut carbon emissions, targeting cars and power plants, buoying environmentalists and infuriating industry.

His latest foray – regulating commercial aviation – had the opposite effect.

Jun 10, 2015

U.S. EPA takes first step to regulate aircraft greenhouse gas emissions

WASHINGTON (Reuters) – The U.S. Environmental Protection Agency on Wednesday said greenhouse gases from aircraft endanger human health, taking the first step toward regulating emissions from the domestic aviation industry.

The EPA’s endangerment finding kicks off a process to regulate greenhouse gas emissions from the aviation industry, the latest sector to be regulated under the Clean Air Act after cars, trucks and large stationary sources like power plants.