Greenhouse Gases, Cap and Trade, Carbon Allowances: Cleaner Air or Politics as Usual? Tom Himes, EHS Manager Carmeuse Industrial Sands Whether we recognize global warming as science fiction
or fact, one thing is certain: industry will have to manage it. Federal
and state regulators are using existing laws to limit emissions of green
house gases (GHGs) while the politicians are fighting to delay any new
bill that mentions the words. The Clean Air Act treats pollution that causes global warming like any other air pollution. In 2007, the Supreme Court ordered the EPA to decide, based on the best available science, whether these pollutants pose a danger to public health or welfare. In December 2009, the EPA responded to the Supreme Court by issuing an "endangerment finding" determining that carbon dioxide and five other greenhouse gases are dangerous to both health and welfare. This finding allows the EPA to use its authority to develop standards that will reduce global warming pollution. The Natural Resources Defense Council posts the following summary of potential effects caused by current and projected concentrations of the six key greenhouse gases:
California’s AB 32 -- Forging
Ahead One strategy is the cap-and-trade program, which works by giving a polluter a permit from the state that lets it release a certain amount of carbon dioxide and other greenhouse gases into the air. If a company emits less than its allotted amount of pollution, it can sell its unused "carbon credits" in a marketplace. Polluters can even make a profit if demand for the permits is high and their prices exceed the initial cost. Although cap and trade is only one of the eight strategies outlined by the ARB's Scoping Plan, it has experienced the most challenges. A San Francisco Superior Court Judge recently ruled that state air quality regulators failed to properly consider alternatives to the cap-and-trade program. The judge ruled that the failure to consider alternatives violated state environmental law, so the California Air Resources Board must conduct further review before implementing the plan. So it's back to the drawing board for ARB to see how it will get the last remaining wedge of its Emissions Reduction "pie." ARB is expected to have the new analysis completed by early summer, at which time interested stakeholders will have an opportunity to weigh in.
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