Carbon Offsets Daily

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  • Published: Jul 21st, 2010
  • Category: USA
  • Comments: 2

Ga Tech Researchers Look to Steam to Stem Carbon Dioxide Emissions

| Sourced From Publicbroadcasting |

ATLANTA, GA (WABE) – Coal-fired power plants generate a lot of ozone-depleting carbon dioxide. Scientists have long looked for ways to capture that CO-2 before it enters the atmosphere.

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India 3rd Largest Emitter through Power Generation: CGD

The Center for Global Development (CGD) has revealed that India stands at the third position amongst the largest CO2 emitting nations all over the world. The Washington-based think-tank has suggested that Indians can do a lot better by moving to solar-powered energy.

 India Third Largest Emitter

Inside India, the National Thermal Power Corporation (NTPC) contributes the most to the countrys overall carbon emissions; however, the company is also one of the most efficient ones when it comes to power generation from fossil fuels.

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New York to Introduce Cap-and-Trade for Power Plants

The Environmental Board of New York on Monday approved the regulations to bring into force the Regional Greenhouse Gas Initiative (RGGI), which was started in 2005 by ten states in the Northeast and Mid-Atlantic to institute emission-reducing regulations for power plants.

New York to Introduce Cap-and-Trade for Power Plants

The member states have developed the country’s first market-based, mandatory cap-and-trade scheme to reduce the amount of greenhouse gases they generate by placing a cap on the emissions of power plants. Under the RGGI, power plants will need to procure carbon permits through auctions or the secondary market.

Though New York will be able to sell carbon permits at the auction scheduled for December 2008, New York based buyers may purchase permits being sold by other states at an auction to be held in September. RGGI will invest the funds collected in clean and green technologies. The chairman of the Environmental Board, Pete Grannis said:

“With the approval of the RGGI regulations today, we have enacted a key component of Governor David A. Paterson’s plan to move New York towards a clean energy economy and ensure a healthier environment for our entire region.”

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