Climate 411

New York is poised to elevate its climate leadership with ambitious cap-and-invest program

This blog was co-authored by Alex DeGolia, Director, U.S. Climate.

As Governor Hochul and her administration advance a major cap-and-invest program, a new EDF analysis on state emissions reveals how New York’s progress stacks up against its climate goals.

New York has done more to move from pledges to policy than most states, but our analysis finds that the state is still projected to face an “emissions gap” in 2030 — the gap between where emissions are headed under existing policy and where New York needs to be to reach its targets. While New York is not alone in facing an emissions gap, the state stands out for the concerted actions New York policymakers are taking to close this gap.

After finalizing New York’s climate plan late last year, Governor Hochul, state agency officials — led by the Department of Environmental Conservation (DEC) and NYS Energy Research and Development Authority (NYSERDA) — and New York legislators are diving in and actively working to implement the plan’s recommendations. Notable among these is the development of a cap-and-invest programa policy that can serve as a critical emissions backstop, offering maximum certainty that New York will reach its climate targets. Just as importantly, the Administration has expressed its commitment to put equity, job creation, and affordability at the center of the program — and it must deliver on this commitment as the program advances.

This is exactly the type of action that other states serious about reaching their climate goals should be taking.

Here’s what to know about the analysis and New York’s climate policy leadership.

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Also posted in Carbon Markets, Cities and states, Economics, Energy, Greenhouse Gas Emissions, Health, Policy / Read 1 Response

Bonn climate talks: The Global Stocktake, oceans, food and nature are issues to watch

EDF’s delegation to the climate talks taking place in Bonn, Germany from June 5 to June 15 give us some insights into the issues they’re following. 

Flags on clear sky. Getty.

Next week, climate negotiators will convene in Bonn, Germany for a two-week negotiation session that will serve as an important marker on the road to the COP28 climate talks in Dubai this November. The outcome of the talks, known as SB58, will set the stage for the negotiations at COP28, giving us an indication of what needs to happen in the months leading up to those pivotal talks.

Every year the climate negotiations become more urgent as we draw closer to the timelines for meeting the Paris Agreement goals. The task is even more challenging when considering the other crises the world faces, like economic disruption, energy insecurity and food scarcity. We need effective solutions that can solve for these multiple challenges simultaneously. The talks in Bonn are an important opportunity to gauge progress and push forward key action points that address these various challenges, in the lead up to COP28, and beyond.

EDF’s delegation to the Bonn climate talks are closely monitoring various important issues inside and around the negotiations. These include the Global Stocktake process, food, fisheries and ocean issues, and efforts to expand high-integrity carbon market cooperation.

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Also posted in Agriculture, Carbon Markets, Forest protection, International, News, Oceans, Paris Agreement, United Nations / Comments are closed

The climate benefits of informed forestry practices

Pine plantation forest in Australia. iStock

This post was authored by Cyril Melikov, Senior Research Analyst of Natural Climate Solutions at EDF. 

Forests planted for commercial purposes can help slow down climate change. How? With improved forestry management that uses forestry practices that increase the amount of carbon stored in commercial forests.
The idea is that foresters and land managers can put forestry practices in place that will raise the carbon levels in the plantation forests they manage, thus helping slow climate change.

For example, foresters could harvest trees at an older age than the age at which they would normally be harvested (known as extending the rotation length). Or they could plant several trees species in the same tree plantation (known as mixed planting) as opposed to planting only one tree species. Or they could add nutrients to the soil using inorganic or organic nutrient sources (known as fertilization).

All these practices could add carbon to plantation forests. Their study has gained traction over the past decade as improved forest management could represent a cost-effective and rapidly deployable natural climate solution, or NCS. It’s a promising avenue for climate change mitigation.

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Also posted in Innovation, International / Comments are closed

DOE announced its largest-ever investment in decarbonizing industry. Here’s how it addresses key challenges.

Overview of a polluting factory

Photo Credit: Marcin Jozwiak for Pexels

This blog was co-authored by Natasha Vidangos, Senior Director, Climate Innovation and Technology.

Decarbonizing industry is a critical step to stabilize our climate. The sector can be tough to get a handle on — it’s on track to become the largest-emitting sector within the next couple of decades, and it involves the production of a wide variety of goods, from cement, steel, and chemicals to food and beverages. Historically, heavy industry is also a significant source of local pollution, often leading to direct harm to nearby communities, which tend to be communities of color. This complex yet critical piece of our economy needs a transformation — one that leverages cleaner and more efficient energy and processes while establishing mechanisms to ensure better outcomes on the ground. Identifying, developing and deploying transformative solutions is not an easy task: It requires innovative ideas, ambitious plans and investments, and coordination across a diverse set of stakeholders. Federal support is crucial for testing and validating these new technologies in a real-world setting, reducing the barriers to safe and effective adoption.

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Also posted in Innovation, Policy / Comments are closed

The auction results are in: Washington state’s cap-and-invest program is off to a strong start

This blog was co-authored by Delia Novak, Western States Climate Policy Intern, U.S. Region

Today, the Washington State Department of Ecology (ECY) released the results from Washington’s first cap-and-invest auction held last Tuesday, February 28. The results of this auction indicate long-term confidence in the program from covered entities and are an encouraging sign of what’s to come from the Evergreen State. Additionally, the ECY summary report shows that the auction operated smoothly, with oversight and regulatory mechanisms in place to ensure the integrity of the auction and ease of interface for bidders.

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Also posted in Carbon Markets, Cities and states, Economics, Energy, Greenhouse Gas Emissions, Policy / Comments are closed

4 reasons why Colorado legislators should strengthen the state’s climate targets

Photo Credit: Getty Images

This blog was co-authored by Alex DeGolia, Director, U.S. Climate.

Last month, Colorado’s Senate Transportation and Energy Committee approved SB 23-16 — a wide-ranging bill that strengthens Colorado’s commitment to cut statewide climate pollution beyond 2030. It would put new targets in law requiring cuts of at least 65% by 2035, 80% by 2040, 90% by 2045, and strengthen the state’s 2050 target to ensure a 100% cut in pollution by 2050.

This climate bill arrives at a moment of great urgency and opportunity for the state.

As Colorado faces down the consequences of more climate change-fueled impacts, like droughts and wildfires, Coloradans are looking to their leaders to raise the state’s climate ambition and secure a safer, healthier future for their communities. At the same time, Colorado now has more opportunity than ever before to make that ambition a reality, thanks to billions in federal climate and clean energy investments from the Inflation Reduction Act.

Here are 4 reasons why the legislature should pass these ambitious climate targets:

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Also posted in Cities and states, Greenhouse Gas Emissions, News, Policy / Read 2 Responses