NewEnergyNews: WHAT TO DO ABOUT CARBON: TRADE IT, TAX IT, BURY IT

NewEnergyNews

Gleanings from the web and the world, condensed for convenience, illustrated for enlightenment, arranged for impact...

The new challenge: To make every day Earth Day.

YESTERDAY

  • ORIGINAL REPORTING: A UTILITY IN THE MAKING: THE MUNICIPALIZATION OF BOULDER, COLORADO
  • ORIGINAL REPORTING: WHAT HAPPENED TO THAT NATIONAL HIGH VOLTAGE TRANSMISSION SYSTEM?
  • THE DAY BEFORE

  • ORIGINAL REPORTING: THE STATE OF THE U.S. WIND INDUSTRY (AND WHAT IT MEANS FOR UTILITIES)
  • ORIGINAL REPORTING: HOW SACRAMENTO'S PUBLIC UTILITY IS GETTING IN THE RESIDENTIAL SOLAR BUSINESS
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    GET THE DAILY HEADLINES EMAIL: CLICK HERE TO SUBMIT YOUR EMAIL ADDRESS OR SEND YOUR EMAIL ADDRESS TO: herman@NewEnergyNews.net

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    THE DAY BEFORE THE DAY BEFORE

  • ORIGINAL REPORTING: HAS APS INVENTED A ROOFTOP SOLAR BUSINESS MODEL FOR UTILITIES?
  • ORIGINAL REPORTING: THE GRID NEEDS INDEPENDENT DISTRIBUTION SYSTEM OPERATORS
  • THE DAY BEFORE THAT

  • ORIGINAL REPORTING: HOW SHOULD UTILITIES VALUE SOLAR?
  • ORIGINAL REPORTING: IS PUERTO RICO THE NEW POSTER CHILD FOR THE UTILITY DEATH SPIRAL?
  • AND THE DAY BEFORE THAT

  • Weekend Video: Reindeer Stresses
  • Weekend Video: Pink Fracking
  • Weekend Video: Fighting Duke For Solar
  • THE LAST DAY UP HERE

  • ORIGINAL REPORTING: ARE NATURAL GAS AND RENEWABLES THE FUTURE OF TEXAS' POWER GRID?
  • ORIGINAL REPORTING: COULD FERC PUT A PRICE ON CARBON?
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    Anne B. Butterfield of Daily Camera and Huffington Post, is an occasional contributor to NewEnergyNews

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    Some of Anne's contributions:

  • Another Tipping Point: US Coal Supply Decline So Real Even West Virginia Concurs (REPORT), November 26, 2013
  • SOLAR FOR ME BUT NOT FOR THEE ~ Xcel's Push to Undermine Rooftop Solar, September 20, 2013
  • NEW BILLS AND NEW BIRDS in Colorado's recent session, May 20, 2013
  • Lies, damned lies and politicians (October 8, 2012)
  • Colorado's Elegant Solution to Fracking (April 23, 2012)
  • Shale Gas: From Geologic Bubble to Economic Bubble (March 15, 2012)
  • Taken for granted no more (February 5, 2012)
  • The Republican clown car circus (January 6, 2012)
  • Twenty-Somethings of Colorado With Skin in the Game (November 22, 2011)
  • Occupy, Xcel, and the Mother of All Cliffs (October 31, 2011)
  • Boulder Can Own Its Power With Distributed Generation (June 7, 2011)
  • The Plunging Cost of Renewables and Boulder's Energy Future (April 19, 2011)
  • Paddling Down the River Denial (January 12, 2011)
  • The Fox (News) That Jumped the Shark (December 16, 2010)
  • Click here for an archive of Butterfield columns

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    Some details about NewEnergyNews and the man behind the curtain: Herman K. Trabish, Agua Dulce, CA., Doctor with my hands, Writer with my head, Student of New Energy and Human Experience with my heart

    email: herman@NewEnergyNews.net

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    Your intrepid reporter

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      A tip of the NewEnergyNews cap to Phillip Garcia for crucial assistance in the design implementation of this site. Thanks, Phillip.

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    Pay a visit to the HARRY BOYKOFF page at Basketball Reference, sponsored by NewEnergyNews and Oil In Their Blood.

  • ---------------
  • Sunday, July 23, 2006

    WHAT TO DO ABOUT CARBON: TRADE IT, TAX IT, BURY IT

    Trade It?
    This trade in carbon emissions won't combat global warming
    There are much more honest and sustainable ways of dealing with climate change, says Peter Bunyard
    July 21, 2006 (The Guardian)

    - Europe's gas emissions trading scheme is in disarray…The 11 governments now "face warnings of legal action from the European commission". In fact, the scheme may well prove unworkable, not least because British industry feels it is being unfairly treated in comparison with France and Germany, which are actually calling for emission allowances that would exceed their emissions of several years' back.
    - It is questionable whether carbon emissions trading will bring a certifiable reduction. As now embodied in the EU emissions trading scheme, fossil- fuel-burning companies such as power utilities, steelworks or cement factories are granted substantial carbon credits that they can sell - on the basis that they have emitted less than expected. That may provide some incentive to look to more efficient technologies, but the assumption is that someone elsewhere, even in another country, is going to buy that credit in order to pollute.
    - How relevant are such schemes when deforestation, particularly in the tropics, results in tens of times more carbon emissions than putatively captured by all CDM schemes put together? Perhaps a carbon tax that could be ploughed back into carbon-reducing schemes, even by the original emitter, would be much fairer and less prone to abuse.
    Tax It:
    Properly designed carbon tax could help Canada battle global warming
    Jon Kesselman, July 03, 2006 (Vancouver Sun)

    - Is a carbon tax the bogeyman that many federal and provincial politicians and industry representatives contend? Or could it serve a constructive role in improving Canada's environmental and economic performance?
    - Carbon tax proposals were first advanced by economists and later endorsed by environmentalists. In essence, such taxes would put a price on the greenhouse gas emissions from production and consumption activities. Some "green" advocates have promoted a major "tax shift" whereby taxes applied to environmentally damaging activities would be used to reduce taxes on productive activities…
    - The policy finesse is to use the additional revenues from a carbon tax to reduce the burdens of other major taxes, such as personal and corporate income taxes. Then individuals and industry alike could become net gainers…[A]pplying carbon tax revenues to reduce tax rates on productive activities has been called a "double dividend." Society would achieve a cleaner environment, with less global warming, while also improving incentives for productive work and business activities…
    As usual, the U.S. is way behind the curve on environment-protecting ideas:
    The Big Idea: An Energy Tax
    by Charles Wheelan, Ph.D., July 5, 2006, (The Naked Economist @ Yahoo.com)
    - I had lunch not long ago with a fund-raiser for a prospective presidential candidate. He admitted that his candidate is still looking for a "big idea."
    - …I will offer a "big idea" for whoever wants to take it. Since this proposal isn't inherently liberal or conservative (arguably it's both), it would work for a Republican or a Democrat, provided he or she has the backbone for it.
    - …Create a carbon tax -- basically a tax on energy calculated based on its carbon content -- and use the new revenue to provide offsetting cuts in the income tax, the payroll tax (the tax on wages used to fund Social Security), or both.
    - The whole package should be revenue neutral, meaning that it will not increase or decrease the total amount of revenue the government collects...
    Bury it: SEQUESTRATION
    Carbon Sequestration was highlighted on Tom Brokaw’s Discovery Channel essay, GLOBAL WARMING. How does it work?

    - One approach being considered to help mitigate CO2 concentrations is geologic carbon sequestration…CO2 emissions are captured from sources such as power plants and refineries and injected into underground formations—for example, old oil or gas fields or deep, briny aquifers—where the gas can be permanently isolated…
    - Each year, [Norway’s state oil company] Statoil injects about 1-million tons of CO2 recovered from its offshore Sleipner site into a saline geologic formation under the North Sea. The amount of CO2 being sequestered is equivalent to the output of a 150-megawatt coal-fired power plant. Statoil pursued the sequestration effort after Norway imposed a federal tax on atmospheric CO2 emissions from combustion-based sources. The Sleipner site is the first and largest commercial CO2 geologic sequestration facility in the world, and it is proving to be both environmentally and financially sound…
    One thing is certain:

    We can't keep burning it at the rates we have been.

    2 Comments:

    At 6:37 AM, Anonymous Anonymous said...

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    At 11:08 AM, Anonymous Anonymous said...

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