Environment Archives






EPA Considering Carbon Regulation Options

EPA Considering Carbon Regulation Options

In an exclusive interview with CarbonInsider.com, the director of the U.S. Environmental Protection Agency’s Climate Change Division indicated that the agency is anticipating widespread carbon regulatory restrictions on business. EPA is moving ahead with preparations that could well include imposing on industry mandatory reductions in greenhouse gas emissions which experts have said lead to global warming. Investors and corporations are watching closely to see how regulations are eventually structured. In her interview with Carbon Insider, Dina Kruger, Director of the EPA’S Climate Change Division noted that as a result of a U.S. Supreme Court decision, the agency is studying how to proceed with regulating greenhouse gas emissions under a mandate from the Clean Air Act. But the agency insists it has not developed a preferred regulatory framework for dealing with climate change regulation, even as investors and corporations expect some kind of cap-and-trade approach to be legislated. “We have not developed a position on the best way to regulate greenhouse gas emissions,” said Kruger. “What we are doing is trying to proceed in a very measured way…A lot of people are looking to Congress for thoughts on how to do this through legislation.” Still, Kruger commented EPA has become a major source of information on the cap-and-trade strategy currently in use in Europe for regulating carbon reduction. “EPA has expertise in the design and running of cap-and-trade programs,” Kruger told Carbon Insider. “We get a lot of questions from members of Congress and others about how it could work — what the issues are, what are the lessons learned from the European system and we are doing our best to answer them. But again we look to Congress to establish such a program.” Added Kruger, “The next Administration will be coming in and they are going to be looking across climate policy and providing their own direction and guidance.”


EDF Launches Independent Guide To Carbon Offsets For Businesses

EDF Launches Independent Guide To Carbon Offsets For Businesses

To help bring transparency to the fast-growing voluntary carbon offset market to combat climate change, Environmental Defense Fund has announced the launch of CarbonOffsetList.org, an online resource that will help businesses identify and purchase carbon offsets that represent real reductions in greenhouse gas emissions. Carbon offsets allow buyers to offset, or neutralize, carbon dioxide and other greenhouse gases produced from their own activities by funding projects that reduce greenhouse gas emissions elsewhere. Developed through a rigorous review process in collaboration with a committee of external experts in the fields of science and policy, the Web site identifies 11 pre-screened, independently verified offset projects that meet Environmental Defense Fund’s (EDF) criteria for high quality carbon offsets. EDF’s evaluation focused on the environmental integrity of the projects and whether projects could show verifiable and measurable proof of reductions in greenhouse gas emissions. The approach focused on finding high quality emissions reductions regardless of project type, technology, or supplier. “Companies increasingly see the value in incorporating carbon offsets into their overall climate action strategies, but until now, buyers had to do their own homework to determine which projects were most credible,” said Thomas Murray, managing director of corporate partnerships for EDF. “CarbonOffsetList.org eliminates the guesswork and offers buyers direct access to a list of thoroughly vetted projects that meet Environmental Defense Fund’s high-quality criteria.” The U.S. Environmental Protection Agency (EPA) estimates that in the near term (through 2025) nearly one-third of the needed U.S. emissions reductions could be met by offsets. Voluntary action by businesses and individuals to reduce their emissions through on-site reductions and carbon offsets plays an important role. By connecting offset purchasers to high-quality projects, CarbonOffsetList.org will help ensure that money spent on offsets makes a real contribution to combat climate change. “While most experts are convinced that there is a role for carbon offsets, the subject often prompts more questions than answers,” said Bill Chameides, dean of Duke University’s Nicholas School of the Environment and member of the independent expert review committee. “EDF’s site should give purchasers confidence that the offsets they buy result in real greenhouse gas reductions to help meet their environmental goals.” In response to numerous inquiries from companies seeking guidance on using carbon offsets as part of a comprehensive sustainability strategy, EDF developed the current list through a request-for- proposal and project-by-project review process. EDF received more than 70 project proposals from dozens of suppliers, with a wide ranging diversity of project types and approaches. In order to be considered for inclusion, providers submitted project… …Read More…