Archive for July, 2010
By Richard Cowan – WASHINGTON, July 13 (Reuters) – The U.S. Senate’s two biggest backers of climate change legislation have scaled back ambitions for a broad attack on greenhouse gases with a new draft bill focusing on cutting pollution from electric power utilities.
LONDON, July 14 (Reuters) – European Union governments on Wednesday unanimously agreed detailed rules for auctioning carbon permits in the third phase of the bloc’s Emissions Trading Scheme from 2013, the EU executive said in a statement.
With Senate Majority Leader Harry Reid expected to introduce a compromise energy and climate change bill next week, speculation has run rampant over whether the Nevada senator will include a provision creating a cap-and-trade system to reduce greenhouse gas emissions targeting only the utility sector. The electricity sector represents just over one-third of US greenhouse gas emissions.