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A Law To Tackle Climate Change | Earth Wise

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The Inflation Reduction Act signed into law in mid-August is the most comprehensive U.S. legislation addressing climate change ever enacted.   It contains $369 billion in funding for clean energy and electric vehicle tax breaks, domestic manufacturing of batteries and solar panels, and pollution reduction.

The legislation for the most part makes use of carrots rather than sticks to coax American consumers and industry away from reliance on fossil fuels.  Rather than establishing more carbon taxes, mandates, and penalties, the law largely makes use of tax credits to provide incentives for the use of clean energy.

The law provides a large mix of tax breaks intended to bring down the costs of solar, wind, batteries, electric cars, heat pumps, and other clean technology.  For example, consumers will get a $7,500 credit for purchasing many new electric car models and about $4,000 for buying a used vehicle.

On the stick side of the ledger, oil and gas companies that emit methane above certain threshold levels will incur fees that escalate over time.  The law also increases the cost to the oil industry for extracting fossil fuels from public lands.

The act provides $60 billion for overall environmental justice priorities, including $15 billion targeted specifically for low-income and disadvantaged communities. There are many other provisions in the law addressing multiple climate-related issues.

According to three separate analyses by economic modelers, the investments from the Inflation Reduction Act are likely to cut pollution by about 40% below 2005 levels by the year 2030.

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The US finally has a law to tackle climate change

Photo, posted December 15, 2021, courtesy of Mario Duran-Ortiz via Flickr.

Earth Wise is a production of WAMC Northeast Public Radio.

What’s The Best Way To Reduce Emissions? | Earth Wise

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A carbon tax is a fee imposed on the burning of carbon-based fuels, like coal, oil, and gas.  It’s one way to make the users of carbon fuels pay for the climate damage caused by releasing carbon dioxide into the atmosphere. 

According to a new study by researchers at Ohio State University, putting a price on producing carbon is the cheapest and most efficient policy change that legislators can make in order to reduce climate change-causing emissions. 

The case study, which was recently published in the journal Current Sustainable/Renewable Energy Reports, looked at the impact that a variety of policy changes would have on reducing carbon dioxide emissions from electricity generation in Texas. The researchers found that assigning a price to carbon, based on the cost of climate change, was most effective. 

The study did not look at how policy changes might affect the reliability of the Texas power system, an important consideration after the failure of the state’s power grid following winter storms in February. 

But the study did examine other policies and found that they were either more expensive or not as effective, including mandates that a certain amount of energy in a portfolio come from renewable sources.  Subsidizing renewable energy sources was also found to be less effective. 

According to researchers, market-based solutions have previously proven effective combating environmental issues.  For example, a cap-and-trade approach was used to reduce levels of sulfur dioxide, one of the chemicals that causes acid rain. 

For the sake of the climate, we should probably tax carbon. 

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Want to cut emissions that cause climate change? Tax carbon

What’s a carbon tax?

Photo, posted June 5, 2011, courtesy of John Englart via Flickr.

Earth Wise is a production of WAMC Northeast Public Radio.

Positive Tipping Points And Climate | Earth Wise

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A tipping point is a moment when a small change triggers a large and possibly irreversible response.

There has been much discussion of various tipping points that could accelerate climate change in catastrophic ways.  A recent paper from researchers at the University of Exeter in the UK discusses a couple of tipping points that could accelerate positive progress on mitigating climate change.

Electric vehicles account for only 2-3% of new car sales globally. In Norway, this figure is more than 50%, mostly thanks to policies that make electric cars the same price to buy as conventional cars.   According to the Exeter study, when EVs cost the same to manufacture as conventional cars, it will be a global tipping point.  China, the EU, and California together are responsible for half of the world’s car sales and each of these has targets to rapidly decarbonize their economies and policies in place to speed the transition to electric vehicles. 

Decarbonizing electric power is the other potential positive tipping point.  In Europe, carbon taxes on top of increasing renewable energy generation have tipped coal into unprofitability as they have led to the irreversible destruction of coal plants.  Globally, renewables are already generating electricity cheaper than fossil fuels in many countries.  Decarbonizing global power generation would in turn help accelerate decarbonization of large parts of transportation, heating and cooling, and industry.

These potential positive tipping points are by no means inevitable.  Appropriate policies are needed to overcome various barriers to the clean energy transition.  But major changes in transportation and electric power would have a tremendous impact on the global effort to combat climate change.

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Positive ‘tipping points’ offer hope for climate

Photo, posted July 14, 2020, courtesy of Jim Champion via Flickr.

Earth Wise is a production of WAMC Northeast Public Radio.

Shifting Climate Attitudes – Even In Texas | Earth Wise

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Any conversation about climate policy and energy in the United States has to take Texas into consideration.  Texas leads the nation in energy production, providing more than one-fifth of U.S. domestically produced energy.  Texas also uses more energy than any other state and accounts for almost one-seventh of total U.S. energy consumption.  The state’s industrial sector, which includes petroleum refining and chemical manufacturing, accounts for almost half of Texas energy consumption.

As a result, longstanding skepticism among Texans toward the climate movement has represented a real impediment in developing and implementing effective climate policy in this country.  But according to new research at the University of Houston, attitudes in Texas have changed and now mirror those in the rest of the United States.

About 80% of Americans believe that climate change is happening, and now about 81% of Texans hold the same view.  Two out of three Americans are worried about climate change; more than 60% of Texans agree.

Nationwide, 55% agree that the oil and gas industries have deliberately misled people on climate change; 49% of Texans agree. 64% of Americans say hydraulic fracking has a negative effect on the environment and 61% of Texans agree.  People everywhere are willing to pay more for carbon-neutral energy, and a higher premium for gasoline as well.

Mitigation strategies for climate change are not well understood.  While 61% nationwide have heard of carbon taxes, less than half are familiar with carbon management, and only a third have heard of carbon pricing.

As the U.S. heads toward reengaging in efforts to address climate change, Texans appear to have caught up with the rest of the nation.

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Attitudes About Climate Change Are Shifting, Even in Texas

Photo, posted October 1, 2011, courtesy of Steve Rainwater via Flickr.

Earth Wise is a production of WAMC Northeast Public Radio.

A New Carbon Capture Technique | Earth Wise

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Carbon dioxide emissions by electricity generating plants, fossil-fuel burning vehicles, and industry produce about 2/3 of the greenhouse gases driving climate change.  Without decreasing these emissions, the earth will continue to get warmer, sea levels will continue to rise, and the world will face more droughts, floods, wildfires, famine and conflict.

Electrification of vehicles and reliance upon renewable energy sources will ultimately drastically reduce the use of fossil fuels and the resultant emissions, but that transition may take too long to reverse the direction of climate change.  In the meantime, there is a great need to find effective and efficient ways to capture emissions from fossil fuel plants. 

Recent research at the University of California, Berkeley, Lawrence Berkeley National Laboratory, and ExxonMobil has developed a new technique for carbon capture.  The technique makes use of metal-organic framework (or MOF) technology.  An MOF, modified with nitrogen-containing amine molecules, captures CO2 and then low-temperature steam is used to flush out the CO2 either to be used or sequestered underground.

Experiments demonstrated the technique to have a six-times greater capacity for removing CO2 from the flue gas of a refinery than current amine-based technology.  It selectively removed 90% of the emitted CO2. 

There is a relatively limited market for captured CO2, so power plants using the capture technology would likely pump the CO2 into the ground, or otherwise sequester it.  The cost of doing this sort of emission scrubbing would have to be facilitated by government policies, such as carbon trading or a carbon tax, which would provide the necessary economic incentive for doing carbon capture and sequestration.

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New technique to capture CO2 could reduce power plant greenhouse gases

Photo courtesy of UC Berkeley.

Earth Wise is a production of WAMC Northeast Public Radio.

An Incentive For Carbon Capture | Earth Wise

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Convincing industries to reduce their carbon dioxide emissions has not been easy.  Many approaches have been debated, including carbon taxes, carbon tax-and-trade schemes, and passing a giant Green New Deal.  Most economists agree that putting a price on carbon is likely to be the most effective approach.

But there is already in place an adjustment to the US tax code that is more of a carrot than a stick.  It is a tax credit that is designed to make capturing CO2 a financial winner for a number of high-emitting industries.  The credit, called 45Q, was enacted in February 2018.

The 45Q credit earns industrial manufacturers $50 per metric ton of CO2 stored permanently or $35 per ton if the CO2 is put to use.  An earlier credit for capturing carbon dioxide was limited to only $20 per metric ton and was capped at 75 million tons.  Some large fossil fuel companies did make use of the earlier credit.

The new version does not have a cap, but to qualify, companies need to start constructing carbon-capture facilities within 7 years and have 12 years to claim their money.

Companies with emission-intensive operations are busy figuring out how to take advantage of the credit.  These include cement makers, steel and power plants, corn ethanol producers, and ammonia plants.

Because the credit mandates that companies start constructing their carbon-capture facilities within seven years, most companies will tend to rely on mature technologies.  But the tax credit should also drive demand for next-generation carbon-capture technologies, of which there are many under development.  Saving lots of money on taxes is likely to lure US companies to capture carbon dioxide.

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45Q, the tax credit that’s luring US companies to capture CO2

Photo, posted October 2, 2014, courtesy of Sask Power via Flickr.

Earth Wise is a production of WAMC Northeast Public Radio.

Storing Energy With Captured CO2

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Capturing carbon dioxide instead of releasing it into the atmosphere is a way we can use fossil fuels without it having harmful effects on the climate.  Energy storage is a way to address the volatility of clean energy sources like wind and solar power.  Excess energy stored during peak production can be used when production ceases, such as when the sun is not shining or the wind is not blowing.

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Cleaning Britain’s Air

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According to a new study by the non-profit group Carbon Brief, carbon dioxide emissions in the United Kingdom are at their lowest levels since the 1920s.  Four factors are responsible:  a record drop in coal use, the rapid growth of renewable energy, the expansion of energy efficiency programs, and the increased use of natural gas for electricity power plants.

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The Economics Of Renewable Energy

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Very few people are against the use of renewable energy sources like solar and wind power in principle.  It is hard to argue against generating power from resources that are free and plentiful.  The main knock against renewable power sources has been that they cost too much compared with conventional, fossil-fuel technologies.

[Read more…] about The Economics Of Renewable Energy

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