NYT: Reducing carbon dioxide emissions in the transportation sector 14 percent from 2005 levels by 2020, as framed in the Obama administration’s plan for emissions reductions, will necessarily drive the cost of gas up. According to researchers at Harvard’s Belfer Center for Science and International Affairs, Americans could see gas prices hit $7 a gallon under some scenarios.
Reuters: A new report from European Union officials shows that biofuels may be doing more harm than good for the planet, leading to detrimental crop shifting and deforestation.
WaPo: Further legislative attempts to curb the EPA’s progress on regulating GHGs are expected today as Sen. John D. Rockefeller, D-WVa., will introduce legislation to impose a two-year moratorium on the agency’s ability to regulate greenhouse gases from power plants and other stationary emitters.
GreenWire via NYT: Testifying before the Senate Interior and Environment Appropriations Subcommittee EPA Administrator Lisa Jackson was called upon to clarify her statements about the role the EPA could play in greenhouse gas emission regulation. The administrator said she feels this policy will not be an either/or moment and that even if Congress creates a plan, the EPA will certainly have a role in carrying out the policies.
FT: Though it’s not as well off as it could be, the carbon trading market isn’t in terrible shape, according to industry experts.
And, from NYT, Krugman does his best to clarify climate policy with economic models.
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