Energy Literacy Advocates Newsroom
Energy Literacy Advocates (ELA) is a non-partisan, non-profit, public education and advocacy group dedicated to improving the energy literacy of all sectors of our democracy in order to empower a comprehensive national energy policy that is responsible and sustainable. Stay tuned for updated energy news!
Wednesday, November 19, 2008
UK Hosts First-Ever Carbon Dioxide Auction
November 19, 2008 - The London Financial Times reports that Europe’s first auction of allowance emission permits for carbon dioxide brought the UK government roughly £54m. These permits fall under the European Union’s emissions trading scheme. The auction was heavily oversubscribed, with electricity producers expected to be the main buyers.
While European Union member nations are required to participate in emissions trading, other nations are eyeing the allowance system. Japan and Australia have announced plans for experimental carbon emission trading, and President-elect Barack Obama has promised to introduce a similar cap-and-trade system for carbon emissions in the US.
While European Union member nations are required to participate in emissions trading, other nations are eyeing the allowance system. Japan and Australia have announced plans for experimental carbon emission trading, and President-elect Barack Obama has promised to introduce a similar cap-and-trade system for carbon emissions in the US.
Labels: climate change, economy, energy policy, u.s. energy policy
posted by Amanda Voss at 12:16 PM
0 comments
Thursday, November 13, 2008
International Energy Agency Releases World Energy Report
November 12, 2008
The International Energy Agency (IEA) released its 2008 World Energy Report. The Report stressed that world energy systems face a crossroads, and must combat patently unsustainable behaviors. Despite the recent economic downturns which have lessened demand on oil, the Report states that "Oil is the world’s vital source of energy and will remain so for many years to come, even under the most optimistic of assumptions about the pace of development
and deployment of alternative technology."
Given the world's reliance on oil, the IEA calls for radical and coordinated policy action from national and international authorities in order to both decarbonize energy sources while speeding up the transition to alternative energy forms. The IEA promoted increasing financial incentives and regulatory frameworks, and removing existing conventional energy subsidies, as viable policy paths. The Report stresses that any policy choice must support both energy-security andclimate-policy goals in an integrated way.
While the IEA holds that world oil has yet to reach a peak, the fact that oil field declines are accelerating should prompt government actors, despite the fall in oil prices, to continue aggressively investing in alternative energy paths.
To read the IEA World Energy Report, and access other IEA materials, click here.
The International Energy Agency (IEA) released its 2008 World Energy Report. The Report stressed that world energy systems face a crossroads, and must combat patently unsustainable behaviors. Despite the recent economic downturns which have lessened demand on oil, the Report states that "Oil is the world’s vital source of energy and will remain so for many years to come, even under the most optimistic of assumptions about the pace of development
and deployment of alternative technology."
Given the world's reliance on oil, the IEA calls for radical and coordinated policy action from national and international authorities in order to both decarbonize energy sources while speeding up the transition to alternative energy forms. The IEA promoted increasing financial incentives and regulatory frameworks, and removing existing conventional energy subsidies, as viable policy paths. The Report stresses that any policy choice must support both energy-security andclimate-policy goals in an integrated way.
While the IEA holds that world oil has yet to reach a peak, the fact that oil field declines are accelerating should prompt government actors, despite the fall in oil prices, to continue aggressively investing in alternative energy paths.
To read the IEA World Energy Report, and access other IEA materials, click here.
Labels: energy policy, environment, oil price, oil supply
posted by Amanda Voss at 8:48 AM
0 comments
