While free-market environmentalists push cap-and-trade systems as a panacea for climate change worries, many in the environmental justice community have yet to buy into it. Their reasons for this vary, but one major concern is that there’s little guarantee that overburdened communities won’t still catch the brunt of industrial pollution. What stops billionaire companies like ExxonMobil from continuing to pollute poor communities if, rather than rein in their emissions under the established cap, they can simply purchase more permits to pollute?
Today’s publication in the journal Climatic Change by Richard Heede on Tracing anthropogenic carbon dioxide and methane emissions to fossil fuel and cement producers, 1854-2010 provides a robust scientific basis for motivating fresh thinking and dialogue about responsibility for taking action to address climate change.
The climate crisis of the 21st century has been caused largely by just 90 companies, which between them produced nearly two-thirds of the greenhouse gas emissions generated since the dawning of the industrial age, new research suggests.
At least twenty-two of the 29 state renewables standards have been attacked by legislators or regulators in the last year or are now under attack.
Known as a Renewable Portfolio Standard (RPS) or a Renewable Energy Standard (RES), these mandates require utilities to obtain a portion of their power from renewable sources by a certain date. Research shows they add less than 5 percent, on average, to the cost of electricity bills and are an effective driver of renewables growth.