Climate 411

A revamped cost curve showcases the biggest carbon-cutting opportunities

By / Bio / Published: August 31, 2021

President Biden has raised the bar for U.S. climate ambition, setting targets to cut economy-wide emissions 50-52% by 2030 and achieve net-zero by 2050. As the administration, federal lawmakers and state and local leaders work to make these goals a reality with strong climate policies and investments — including in climate-focused infrastructure and reconciliation packages being negotiated in Congress — they are faced with many questions. What are the cheapest ways to cut carbon right now? How will a particular policy affect emissions? How much should we be investing in new clean technologies that are not widely available yet?

A new and improved ‘cost curve’ tool developed by EDF and Evolved Energy Research shows that the electricity and transportation sectors offer the most impactful carbon-cutting opportunities at the lowest cost right now — with potential to get us nearly halfway to net-zero emissions from energy and industry by 2050. This tool, which offers a new take on what is known as a Marginal Abatement Cost (MAC) curve, gives policymakers an economic roadmap to net-zero emissions and beyond by revealing greater insights into the costs, impact and optimal sequencing of different carbon-cutting actions.

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Posted in Economics, Energy, Greenhouse Gas Emissions / Comments are closed

Carbon removal tech could help us draw down historic pollution and go beyond net-zero. But it needs the right policy.

By / Published: August 26, 2021

This blog was co-authored by Maureen Lackner, Manager for Economics & Policy at EDF.

This EDF working paper explores policy tools that federal policymakers could use to quickly and responsibly begin deployment of Direct Air Capture facilities, one of several possible carbon removal approaches that could help get the U.S. to net-negative emissions, alongside essential measures to slash pollution.

Carbon Engineering's direct air capture pilot plant.

Carbon Engineering’s direct air capture pilot plant. Photo Credit: Carbon Engineering

The latest report from the IPCC underlined what many already know: action is failing to keep pace with the accelerating climate crisis. A rapid, global transition to net-zero emissions is mission critical since every fraction of a degree in warming could worsen the climate damages we’re already experiencing.

Directly cutting U.S. emissions by moving toward clean energy sources will be the unquestionable priority this decade. But the report also makes clear that we need to scale up carbon dioxide removal (CDR) to reduce the likelihood of the most catastrophic impacts beyond 1.5C warming. The unforgiving math means we will need to harness scientifically-robust ways to remove carbon from the atmosphere through nature — such as managing healthy forests — and through emerging technologies.

One technology-based solution receiving considerable attention is Direct Air Capture with dedicated geologic storage (called DACCS), where carbon is pulled from the air and permanently and safely stored underground.

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Posted in Greenhouse Gas Emissions, News, Policy / Read 1 Response

Western Climate Initiative auction hits a new record, raising over a billion in proceeds for California

By / Bio / Published: August 25, 2021

Photo by Tom Brewster Photography for the Bureau of Land Management

The results of the Western Climate Initiative’s August auction were released today and all current and future vintage allowances sold at record-high allowance prices.

This news follows two other key climate updates from this summer: The release of the 2019 California Emissions Inventory which looks back at the state’s encouraging emissions progress, and the launch of the Climate Change Scoping Plan update process, which looks ahead at how the state will achieve its 2030 and 2045 targets. Taken together, all of these updates show that California has a golden opportunity to raise its climate ambition, as communities across the state grapple with intensifying, climate-fueled wildfires and drought.

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Posted in California, Carbon Markets / Comments are closed

With the Climate Crisis Act, California can lock in a safer pathway to net-zero emissions

By / Bio / Published: August 16, 2021

The new report from the Intergovernmental Panel on Climate Change makes clear what Californians already know: the climate crisis is upon us. Impacts like ever-more-extreme wildfires, intensifying drought, and the growing threat of sea-level rise are accelerating, and the widespread damage are only going to intensify unless we take bold, swift action to slash greenhouse gas emissions.

In California, no person or region will be immune, and the harms from climate change are felt first and worst by communities that historically have borne a disproportionate burden of California’s pollution: communities of people with low wealth, people of color, indigenous people, and farmworkers, among others.

California urgently needs to get on track to meet the state’s 2030 goal of reducing greenhouse gas emissions to 40% below the 1990 level by 2030; it has the slate of policies needed to succeed but must maximize near-term climate ambition. At the same time, it is essential for California to have a long-term vision and ensure that policy decisions made with an eye toward 2030 are consistent with the need to achieve net-zero emissions as swiftly as possible, and no later than 2045.

That’s why it is crucial for California to adopt the new Climate Crisis Act (AB 1395), co-authored by Assembly Members Al Muratsuchi and Cristina Garcia, to dramatically reduce our greenhouse gas emissions. This bill will cement California’s commitment to a safer pathway — a pathway that aligns with the science and achieves net-zero emissions — while also providing crucial guidelines that can maximize reductions, preserve environmental integrity and safeguard communities. Here’s why CA lawmakers should back this bill.

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Posted in News / Comments are closed

Oregon’s Climate Protection Program must live up to its name

By / Bio / Published: August 11, 2021

As Oregon faces another out of control wildfire season, the state’s lead environmental agency, the Department of Environmental Quality (DEQ), just released regulatory language for its Climate Protection Program, a program intended to be a pillar of the state’s strategy to meet the ambitious climate goals Governor Brown committed the state to in 2020.

The stakes are high for this critical rulemaking, which will decide whether Oregon truly follows through on its climate commitments. In a recent New York Times op-ed, Governor Brown wrote that Oregon is “working to lead the way” on climate change. With the latest IPCC report underscoring how climate change is affecting every inhabited region across the globe and how many damaging impacts are accelerating, we are at a moment where climate leadership is desperately needed.

But at this critical moment, the DEQ’s proposed Climate Protection Program falls far short of what we expect from effective climate action. There’s still time for the program to be strengthened as the public comment period for the program is only just beginning, but Oregon’s decision-makers must ensure that the Climate Protection Program will deliver the swift, equitable and ambitious climate action that Oregon needs.

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Posted in Cities and states, Greenhouse Gas Emissions / Comments are closed

California needs to raise its ambition to beat the climate crisis. This policy will be key.

By / Bio / Published: July 29, 2021

This post was authored with Katie Schneer, High Meadows Fellow for subnational climate policy at EDF, and Mayu Takeuchi, intern for U.S. Climate at EDF.

This summer, as Californians face an onslaught of climate-fueled disasters like severe drought and explosive wildfires, the California Air Resources Board (CARB) is launching the development of a roadmap that will outline the next phase of the state’s climate fight.

The 2022 Climate Change Scoping Plan, which will guide the state towards achieving its 2030 greenhouse gas emissions reduction target and its 2045 net-zero emissions target, is a critical opportunity for California to double-down on its climate ambition. State leaders should harness this moment to calibrate California’s suite of climate policies to ensure that the state not only meets its climate goals, but maximizes cuts in emissions this decade.

California’s cap-and-trade program, which launched in 2013, is one of the key policies that should be fine-tuned to respond to the urgency of the climate crisis that Californians are seeing across the state. CARB should act swiftly to ensure that the most important aspect of this program — the emissions cap — is stringent enough to ensure that California meets its 2030 emissions goal of a 40% reduction below 1990 the emissions level and delivers the most reductions in pollution as quickly as possible.

Here’s why CARB should tighten the emissions cap:

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Posted in California, Carbon Markets, Cities and states, Greenhouse Gas Emissions / Read 1 Response