An important mechanism to meeting renewable energy targets are power purchase agreements (PPA). While a PPA can take multiple forms, be it physical or virtual, a PPA is ultimately a long-term contract between a provider of electricity, such as wind and solar generated, and a buyer of said electricity, such as utilities or large businesses. The …
Let’s face two facts that are now abundantly clear. First, we have very little time to address the climate crisis in a way that will avoid the worst, irreversible consequences of our continued pollution of the Earth’s atmosphere. Second, the collective willpower (and resulting action) of the countries that attend annual climate summits, such as …
After years of planning, China officially launched its national carbon emissions trading system (ETS) last month. With this move, China officially becomes home to the largest carbon market in the world covering more than 4 billion tons of CO2 emissions from over 2,000 power plants.[i] The path to this moment spans almost a decade. Taking …
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As smoke from western wildfires chokes people in Manhattan and unprecedented floods drown subway commuters in China, we’re reminded that scientists warned of these climate change driven consequences decades ago. Some have theorized that if the predicted impacts were more immediate, that humanity would have acted to avert them. The covid crisis may shed light …
As world leaders continue to implement or expand their carbon pricing schemes, a new report by the Carbon Disclosure Project (CDP) shows that a growing number of companies are adopting an “internal” carbon pricing mechanism. The report, titled “Putting a Price on Carbon,” is an update from 2017 that utilizes data compiled in 2020 from …
Read more “Nearly Half of the World’s Largest Companies Now Have An “Internal” Carbon Price”
By Jenna Cittadino and Kristina Haddad We have to admit – when we read this statistic even we were startled. But just as startling are the other statistics related to the production and use of plastics: A report by the University of Georgia documented that by 2015 humans had generated 8.3 billion metric tons of …
In a 6-3 decision announced late March, the Canadian Supreme Court ruled that the country’s federal carbon pricing system under the Greenhouse Gas Pollution Pricing Act (GHGPPA) was constitutional. The ruling was cemented around the Constitution’s “peace, order and good government” clause, which gives the federal government authority to enact laws to deal with an issue …
Read more “Global Climate Action: Canadian Supreme Court Upholds Carbon Tax & More”
A typical day in Southern California includes warm weather, traffic, and maybe even a trip to the beach. Los Angeles, the region’s largest city, averages about 35 days of rain per year, which ranks among the lowest for major cities in the US. So, when it does rain, it can feel like a bit of …
Read more “Stormwater Management in California: Charting and Sharing Progress”
In a move that aims to continue to bring back evidence-based decision making to the Federal Government, as well as to demonstrate that the US is committed to taking serious action on climate change, the Biden administration has restored the value of the “social cost of greenhouse gases” to Federal policymaking. The decision, announced on …
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To kick off the new year, Norway unveiled a white paper that laid plans for the most comprehensive and ambitious climate agenda by the country through the next decade. The Plan, which was announced by the Minister of Climate and Environment Sveinung Rotevatn, touches on a variety of measures including climate-related requirements in public-procurement processes, …
Read more “Norway Unveils Plans to Raise Carbon Tax Ceiling for Oil and Gas”