In This Issue:
#1 2020Action: A Politically Viable Plan to Fight Global Warming
#2 Price Pollution, Cut Carbon: Community events to Address Climate Change
#3 Voice of America/Reuters: World Bank Leads Push to Set Price on Carbon Emissions
#4 Bloomberg BNA: UN Climate Summit Expected to Show Growing Momentum for Carbon Pricing
#5 E&E Publishing: Putting a Price on Carbon Emerges as a Key Strategy for Nations and Businesses to Pursue
#1 2020Action: A Politically Viable Plan to Fight Global Warming:
“Previous plans to cut CO2 emissions have foundered mainly on the objections that they would increase government regulation instead of bringing the “genius of the market” to bear on the problem; or that they would increase the money going to the government and thus increase its size and influence on the economy; or that they would hurt the economy and cost jobs. Amazingly, the new cap-and-dividend plan of House Resolution (HR) 5271 would avoid each of these.
#2 Price Pollution, Cut Carbon: Community events to Address Climate Change:
“Economists are in near unanimity that a price on carbon pollution is the best and most efficient way to reduce carbon dioxide emissions and account for the true cost of pollution—dangerous human-caused climate change. In fact, economists have about the same level of agreement on the efficacy of a price on carbon as climate scientists do that human-caused climate change is occurring. . . The failure of [a cap and trade] policy, in some ways, might be attributed to a failure to involve the American people in solutions to garner community-driven, bottom-up support for action.”
#3 Voice of America/Reuters, September 22: World Bank Leads Push to Set Price on Carbon Emissions:
“The World Bank and United Nations have been strong advocates for policies that shift the responsibility to polluters to pay for carbon emissions. On Sunday evening, the U.N. General Assembly headquarters was lit up with a projection across it saying “Put a price on carbon.”
#4 Bloomberg BNA, September 19: UN Climate Summit Expected to Show Growing Momentum for Carbon Pricing:
“The California Public Employees’ Retirement System (CalPERS) and fund manager BlackRock are among the signatories of the new global investor statement on climate change. In addition to calling for a price on carbon, the statement asks governments to phase out fossil fuel subsidies and strengthen regulatory support for energy efficiency and renewable energy. ‘The reason we are coming together is simple: There’s a market failure that needs to be addressed, that is that carbon is not priced,’ Anne Simpson, CalPERS’ senior portfolio manager and director of global governance, said on a conference call Sept. 18.”
#5 E&E Publishing, September 25: Putting a Price on Carbon Emerges as a Key Strategy for Nations and Businesses to Pursue:
“Perhaps one of the biggest outcomes of the summit, convened by U.N. Secretary-General Ban Ki-moon, was the announcement by 73 national governments and more than 1,000 businesses embracing carbon pricing as a key strategy in cutting emissions. The announcement lacked a number of key specifics — like the price businesses hope to set — but officials hailed it as a major milestone.”