Democrats Seek $500 Billion in Climate Damages From Big Polluting Companies

Under a draft plan Democrats are circulating, the Treasury Department would tax a handful of the biggest emitters of planet-warming pollution to pay for climate change. By Lisa Friedman, NYTimes, Aug. 4, 2021 WASHINGTON — Democrats in Congress want to tax Exxon, Chevron and a handful of other major oil and gas companies, saying the biggest climate polluters should pay for …

Expanding solar access in Africa through artificial intelligence

It’s hard to measure risk for solar investing in sub-Saharan Africa. Nithio has raised $30M to change that. Jason Deign16 April 2021 Access to funding has been recognized as a major barrier for the development of off-grid solar energy in Africa. Startup Nithio Holdings wants to unlock that access for hundreds of millions of potential African solar customers — and …

U.S. Treasury to oppose development bank financing for most fossil fuel projects. Also moves toward energy efficiency and clean electrification.

August 16, 2021, Reuters, by David Lawder The U.S. Treasury building is seen in Washington, September 29, 2008. REUTERS/Jim Bourg WASHINGTON, Aug 16 (Reuters) – The U.S. Treasury Department issued new energy financing guidance to multilateral development banks on Monday, saying the United States would oppose their involvement in fossil fuel projects except for some downstream natural gas facilities in poor …

Good answers to the question/concern that ending fossil fuel subsidies will raise gas prices: Research from EESI shows that more than 95% of fossil fuel subsidies go to profits that benefit investors and executives, not workers or consumers. Execs lay people off, collect lavish bonuses, and declare bankruptcy.

By Drew Hudson, RE: Good answers to the question/concern that ending fossil fuel subsidies will raise gas prices, which are already high enough that Biden has asked OPEC to pump more oil. “No. Ending fossil fuel subsidies will not raise gas prices.” And here’s one more excellent report (thanks Public Citizen!) about why: Dozens of fossil fuel executives received lavish …

‘Stick-on’ solar panels in France secure EU funding

The TotalEnergies-controlled solar manufacturer will secure an, as yet undetermined chunk of a new €118.6 million low-carbon innovation fund to start producing its frameless, glass-free solar roofing products at Porcelette, in northeastern France, July 29, 2021, PV Mag by Max Hall Maxeon SunPower-shareholder-controlled solar manufacturer Maxeon Solar Technologies has been named as one of 32 recipients who will split €118.6 million (AU$190.7 …

Quantifying national responsibility for climate breakdown: an equality-based attribution approach for carbon dioxide emissions in excess of the planetary boundary, based on equal per capita access to the atmospheric commons. The US is responsible for 40 percent of excess emissions as of 2015.

By Jason Hickel, The Lancet | VOLUME 4, ISSUE 9, E399-E404, SEPTEMBER 01, 2020 PDF [372 KB] jasonhickel@gmail.com DOI: https://doi.org/10.1016/S2542-5196(20)30196-0PlumX Metrics Summary: This analysis proposes a novel method for quantifying national responsibility for damages related to climate change by looking at national contributions to cumulative CO2 emissions in excess of the planetary boundary of 350 ppm atmospheric CO2 concentration. This approach is rooted in the …

Undoing Equivalence: Rethinking Carbon Accounting for Just Carbon Removal

Front. Clim., 16 April 2021 | https://doi.org/10.3389/fclim.2021.664130 by Wim Carton1*, Jens Friis Lund2 and Kate Dooley3 – 1Lund University Center for Sustainability Sciences (LUCSUS), Lund, Sweden; 2Department of Food and Resource Economics (IFRO), Copenhagen University, Copenhagen, Denmark; 3Climate and Energy College, University of Melbourne, Parkville, VIC, Australia https://www.frontiersin.org/articles/10.3389/fclim.2021.664130/full Concerns are increasingly raised over the centrality of carbon removal in climate policy, particularly in the …

Biden Can Go Bigger and Not ‘Pay for It’ the Old Way

Excerpt: https://www.nytimes.com/2021/04/07/opinion/biden-infrastructure-taxes.html A Biden-led plan that is overly protectionist is a much greater inflation threat than a plan that isn’t paid for in the traditional deficit-neutral budgetary sense. This framework — based on the principles of Modern Monetary Theory — redefines fiscal responsibility by flipping the age-old question “How will you pay for it?” The real challenge is “How will you resource …

New York’s Public Power Bill Could Be a Model for the Rest of the Country. NY State Build Public Renewables Act sets path for faster, cheaper, better decarbonization.

The New York State Build Public Renewables Act. “We could see, for instance, federal money going to states so that they could set one up themselves so that they can build out public renewable energy in their states, bring down the cost, make it accountable to the people, and bring down energy poverty at the same time.” Dharna Noor 5/13/21, Gizmodo …

Plugging Abandoned and Leaking Wells

Excerpt from https://insideclimatenews.org/news/23052021/north-dakota-orphaned-abandoned-oil-gas-wells-methane-emissions/ June 2021 by Nicholas Kusnetz, The Environmental Protection Agency estimates that the nation’s unplugged wells leaked about 263,000 tons of methane in 2019, which, when compared to carbon dioxide over a 20-year period, is equivalent to the climate-warming emissions of more than 5 coal-fired power plants. The agency added that the actual figure could be significantly smaller or three …