Climate Compass Blog
Three recent announcements signal important progress toward greater deployment of technology to capture and store carbon emissions that would otherwise escape into the atmosphere. CCS technology can capture up to 90 percent of emissions from power plants and industrial facilities and is critical to reducing climate-changing emissions while fossil fuels remain part of our energy mix.
One piece of good news came when NRG Energy announced it has begun construction on the Petra Nova Project in Texas, where an existing coal-fired power plant will be retrofitted with carbon capture equipment. The Petra Nova Project will be the world’s third commercial-scale CCS power project, following the nearly-completed SaskPower Boundary Dam project in Saskatchewan, Canada, and Southern Company’s Kemper County Energy Facility in Mississippi opening in 2015.
Owners of large buildings who want to save money by improving energy efficiency first have to overcome a huge hurdle – the upfront costs of getting the work done. A similar hurdle exists for fleet managers considering switching to natural gas vehicles to save on fuel costs – high initial expenses for vehicles and infrastructure.
What if the same method being used to pay for more energy-efficient buildings could also be used to get cleaner alternative fuel vehicles on the road? A new report by C2ES makes the connection between a commonly used business arrangement in the building sector and its potential use in the deployment of natural gas in public and private vehicle fleets.
A year after President Obama announced a comprehensive plan to address climate change, clear progress is being made.
A C2ES status report on the president’s Climate Action Plan notes at least some progress on most of the plan’s 75 goals. In several key areas, the administration has taken important first steps, but it is too early to gauge their success or ultimate impact. With much more work still to be done, continued presidential leadership will be essential.
The plan, announced June 25, 2013, outlines goals in three areas: cutting carbon pollution, preparing for climate impacts, and leading international efforts to address climate change. With Congress unlikely to enact major climate legislation, the plan relies almost entirely on steps the administration can take on its own. And the nature, scope and ambition of the plan’s many elements vary widely.
A major goal is reducing carbon pollution from power plants, the largest source of U.S. greenhouse gas emissions. The Environmental Protection Agency (EPA) has met its deadlines for proposing regulations for both new and existing power plants, but the rules are not yet final, and implementation will likely take years.
You expect a business leader to keep a close eye on the bottom line and to act when a threat is clear. As C2ES and others have noted, it is increasingly clear to many business leaders that climate change is a here-and-now threat that we all -- businesses, government and individuals -- must address.
Today’s “Risky Business” report lays out in stark numerical terms the likely economic impact of climate change on U.S. businesses and the U.S. economy. The initiative – co-chaired by former New York City Mayor Michael Bloomberg, former Treasury Secretary Henry Paulson, and former hedge fund manager Tom Steyer – brings high-profile attention to this issue in the hopes that highlighting the risks and potential costs will help spur action to manage the impacts and curb climate-altering emissions.
The report’s outline of the many costs of climate impacts is likely an underestimate. For example, the impacts of diminishing groundwater are difficult to calculate and are not included.
Reducing greenhouse gas emissions is no small task. Whether you’re acting individually or within a large organization or company, it’s important first to understand the amount and source of the emissions, and then to take steps to reduce them.
So my co-workers and I got started by holding an office challenge, using the newly updated online carbon calculator from our Make an Impact team to learn more about our carbon footprints and pledge to lower our personal impact on the planet.
I was surprised by the results.