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Climate Change

ACC Web-Edu Program - Understanding GHG Reporting Requirements

Understanding Next Year’s Greenhouse Gas Reporting Requirements
Compliance Obligations and Successful Strategies for Coal Producers and Users

Wednesday, July 15th, 2009 ~ 2:00–3:15 pm EST

Register Now!

For information on this event, contact the ACC at 202-756-4540, email: info@americancoalcouncil.org


This ACC Web-Edu Program addresses EPA’s recently approved rule requiring annual compilation and reporting of Greenhouse Gas (GHG) emissions.  The Rule, which mandates an inventory process that must commence January 1st of 2010, is intended to guide the establishment of a point of regulation for implementing a carbon tax or cap-and-trade system.  The requirements apply to all participants in the coal industry—including mines, transporters, and major users, including power plants—that emit more than 25,000 tons of GHGs, or that produce a quantity of fuel which, when combusted, will emit more than 25,000 tons.  Two experts in GHG management in mining and energy will discuss the rule, its requirements and compliance strategies.

Impact of cap & trade bill on U.S. Economy

Publication Description:

A just released Charles Rivers Associates International and Coalition for Affordable American Energy report demonstrates that the proposed climate provisions within the Obama Administration's proposed FY 2010 budget will have profound negative impacts on energy availability, energy costs, and overal economic health of the country.

The Coalition for Affordable American Energy (CAAE) is made up of over 200 American businesses, industry associations, and Chambers of Commerce. Specifically, the report notes,

 

Impact on the Economy of the Climate Provision in the Obama Administration FY 2010 Budget ProposalImpact on the Economy of the Climate Provision in the Obama Administration FY 2010 Budget Proposal
  •  The planned carbon caps will reduce carbon emissions by restricting the use of conventional energy. CO2 prices are expected to raise from $29/tonne in 2015 to as high as $116/tonne in 2030.
  • RisingCO2 costs will force energy costs to rise precipitously. Natural gas costs are forecast to rise by 39% ($4.70) by 2020 and then by 56% ($7.20 per MMBtu) by 2025 relative to the EIAs Annual Energy Outlook reference case. Motor fuels will rise by 48 cents per gallon in 2020 and then by 74 cents per gallon relative to baseline levels. Electricity costs will increase by 27% (3.6 cents/kWh) in 2020 and by 44% (5.8 cents/kWh) in 2025.
  • Net job losses -- inclusive of those jobs created by increased funding of renewable energy -- will rise to 800,000 in 2015, then more than double by 2020, to 1.9 million, and rocket to approximately 3.2 million by 2025.
  • Annual household purchasing power will decline rapidly by $1,020 in 2015, by $1,381 in 2020, and then plummet to $2,127 by 2030 (after accounting for promised rebates from the sale of carbon credits).

The report continues by noting that the U.S. energy sector will suffer substantial setbacks as it is reorganized to meet legislative and regulatory requirements.

  • Natural gas demand will expand by 3.0 Tcf relative to baseline levels, driving costs of gas up by 56% (7.20/MMBtu) by 2025. Demand will then drop to 1.5 Tcf by 2030 to account for increasingly stringent emissions caps.
  • Domestic gas production will be heavily impacted by increased costs  and strict regulations. Therefore, growing demand will need to be primarily met by a 160% (2.0 Tcf) rise in gas imports. 
  • Increased domestic costs will place U.S.-based refineries at a competitive disadvantage and energy production will be driven offshore.

 

Impact on the Economy of the Climate Provision in the Obama Administration's FY 2010 Budget ProposalImpact on the Economy of the Climate Provision in the Obama Administration's FY 2010 Budget Proposal

 

Readers can download the full report on the U.S. Chamber of Commerce website.

Greening the Grid: Building a Legal Framework for Carbon Neutrality

2009-04-23 11:00
2009-04-24 11:59
Etc/GMT-7
Event Location:
Lewis & Clark College, Templeton Student Center, Portland, OR

Note: Jason Hayes, ACC Communications Director, will take part in a modertated discussion with a representative of the Sierra Club's Beyond Coal Campaign. They will discuss the topic of "clean coal" in the final afternoon session of the first day.

The Lewis & Clark Law School website describes the Greening the Grid conference,

Development of renewable energy sources has become one of the major political and legal issues of our time. Due to concerns related to climate change, energy independence, and escalating fuel and electricity prices, many policymakers, environmental advocates, and entrepreneurs have called for the United States to adopt a new national energy policy that promotes use of renewable energy sources. However, others argue that renewable energy sources will never adequately meet the country’s escalating energy needs. This conference will explore the ongoing debate regarding the U.S. energy policies and consider how the country may revise its energy system to promote sustainable energy sources. 

NERC: Electricity Industry Concerns on the Reliability Impacts of Climate Change Initiatives

Publication Description:

NERC: Electricity Industry Concerns on the Reliability Impacts of Climate Change InitiativesNERC: Electricity Industry Concerns on the Reliability Impacts of Climate Change InitiativesFrom the report Introduction,

The NERC Planning Committee (PC) has identified initiatives currently underway to address climate
change and reduce greenhouse gas emissions as among the most important emerging issues facing the eliability of the bulk power system over the coming years.2 Provisions and requirements implemented through state/provincial-level Renewable Portfolio Standards, regional initiatives, and federal and provincial legislation and regulations, have the potential to influence nearly every aspect of electric industry system planning, design and operation.

...

Taken individually, state, provincial, and regional initiatives may not significantly affect bulk power system reliability. However, as more and more state, provincial, and regional initiatives begin to take effect and federal climate change initiatives are considered in the U.S., there is an increasing need to review the collective impact of these initiatives on the bulk power system and identify effective means to help the electric industry meet these climate change initiatives without degrading system reliability.

The objective of this summary report is to document reliability concerns raised by NERC’s stakeholders and identify important objectives that, if met, could help the electric power industry meet the goals of climate change initiatives while maintaining bulk power system reliability. Further, this summary report aims to highlight the potential bulk power system reliability issues associated with the implementation of the climate change initiatives.

Download the full report.

EU Changes its tune on CO2 emissions from developing nations


In a dramatic shift away from their 15-year long commitment to the theme of "common but differentiated responsibilities,"EU nations have adopted a position very similar to the American notion that developing countries must commit to specific carbon reduction targets as part of the post-2012 Kyoto agreement.

Climate change concerns being set aside in light of financial woes


Following in the same theme as the previous Coalblog post, it is becoming increasingly apparent that people around the world are growing weary of demands for immediate implementation of carbon emissions.

As taxpayers and utility ratepayers are staring a global economic recession in the face, they are becoming more and more vocal in their demands that their elected leaders prioritize "economic cooling" over global warming.

An October 23rd International Herald Tribune article described remarks made by former Spanish Prime Minister José Maria Aznar.

Former Spanish Prime Minister Jose Maria Aznar has likened champions of the fight against global warming to creators of an intolerant religion.

Aznar said Wednesday he does not deny global warming, but rather questions the fact that so much money is being dedicated to combat it while the world is in an economic crisis.

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