The European Investment Bank (EIB), the main lending arm of the European Union, has decided to stop financing most coal-fired power plants, part of an effort to help the 28-nation bloc meet ambitious greenhouse gas reduction targets by 2030.
The EIB says that new and refurbished coal-fired
The state of Massachusetts can be characterized by internationally strong industry clusters, a significant and growing venture capitalist base, the highest R&D spending in the US, world acclaimed universities. With that backdrop the City of Boston is at the heart of the cleantech movement in Massachusetts. Here are the top ten reasons why Boston, Massachusetts
Facing growing opposition from members of Congress, the Obama administration says it will gradually phase in controls on heat-trapping greenhouse gas emissions from power plants and other large sources of CO2.
Lisa Jackson, administrator of the U.S. Environmental Protection Agency (at left), said that beginning early next year the EPA will regulate CO2 emissions from roughly 400 large emitters of greenhouse gases, mainly coal-fired power plants.
Other major sources of CO2, such as refineries and large factories, will be subject to EPA regulation in late 2011, Jackson said in a letter to eight moderate Democratic senators concerned about the effects of the regulations on their states.
The debate over a national cap and trade system for carbon is moving along in Congress, though probably not as quick as the Obama administration would prefer. The Waxman-Markey Bill (HR 2454) certainly has as its cornerstone a national cap and trade system as has been previously blogged. The Bill sailed through the House Energy and Commerce Committee.
The real battle may lay in the House Ways and Means Committee where Republican members are pushing for a mark-up of the Bill, meaning Members would have a chance to offer amendments to address the concerns they have heard from their respective constituents.