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Climate Policy Watch

AIR RULE COULD BE NEW FOCUS OF SUIT ON EPA POWER TO REGULATE CO2

U.S. EPA's just-released rule setting new source performance standards (NSPS) for electric utilities could become a new focus of litigation from states and environmentalists over whether the agency has authority to regulate carbon dioxide (CO2) emissions, after a federal appellate court last year issued a largely inconclusive ruling on the issue.

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ANALYST: LAWMAKERS MUST DIRECT GOVERNOR'S CLIMATE CHANGE PLAN

The legislative analyst is recommending lawmakers take over direction of Gov. Arnold Schwarzenegger's Climate Change Initiative, in part by determining the feasibility of its emission-reduction targets, the costs and benefits of its chief implementation measures and whether the air board should take over program oversight. These determinations are critical to developing an overall climate change policy that should be put into statute, according to Legislative Analyst Elizabeth Hill.

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Air Rule Could Be New Focus Of Suit On EPA Power To Regulate CO2

EPA's just-released rule setting new source performance standards (NSPS) for electric utilities could become a new focus of litigation from states and environmentalists over whether the agency has authority to regulate carbon dioxide (CO2) emissions after a federal appellate court last year issued a largely inconclusive ruling on the issue.

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INVESTORS EYE BROADER SCRUTINY OF CORPORATE CLIMATE CHANGE RISKS

Investors are ramping up pressure on U.S. and foreign corporations to analyze the physical risks global warming poses to their assets, broadening an earlier focus on major corporations' future environmental compliance costs to include other economic risks a variety of companies face, according to sources with investor groups active on the issue.

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ARB EXPLORES BIODIESEL OPTIONS IN GHG-REDUCTION EFFORT

The air board is pursuing a contract with the University of California (UC) to investigate the potential for expanded use of biodiesel fuel produced from California-generated wastes that can meet emission standards, according to officials. The effort is being advanced because of the state's desire to reduce petroleum use, cut greenhouse gas (GHG) emissions and bolster renewable fuel use.

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PERATA PROPOSES DISPUTED UTILITY GHG STANDARD BECOME LAW

Senate leader Don Perata (D-Oakland) this week proposed to place into state statute a requirement that all future energy procurement by private and public utilities meet a greenhouse gas (GHG) performance standard. The standard, which has been strongly opposed by power providers in California and nearby states, essentially seeks to block dirtier coal-based electricity imports. What remains unclear is how the standard would fit in with a state agency plan to set a GHG-emissions cap on power providers in the coming years.

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DOE's Upcoming GHG Registry Unlikely To Attract Broad Participation

The Department of Energy's (DOE) upcoming plan to create a greenhouse gas (GHG) registry -- touted during a major 2002 speech by President Bush outlining his plan to address climate change -- faces the prospect of limited industry participation because it lacks the rigorous requirements of other registries and will not recognize early action or the transfer or sale of emissions credits between private parties, private sector sources say.

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Investors Eye Broader Scrutiny Of Corporate Climate Change Risks

Investors are ramping up pressure on U.S. and foreign corporations to analyze the physical risks global warming poses to their assets, broadening an earlier focus on major corporations' future environmental compliance costs to include other economic risks a variety of companies face, according to sources with investor groups active on the issue.

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INVESTORS EYE BROADER SCRUTINY OF CORPORATE CLIMATE CHANGE RISKS

Investors are ramping up pressure on U.S. and foreign corporations to analyze the physical risks global warming poses to their assets, broadening an earlier focus on major corporations' future environmental compliance costs to include other economic risks a variety of companies face, according to sources with investor groups active on the issue.

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SENATE ENERGY PANEL'S CLIMATE PLAN RENEWS JURISDICTION BATTLE

A Senate energy committee effort to pursue a possible mandatory climate change program is renewing a jurisdictional face-off with the environment committee over the proper venue for developing the initiative, a dispute that underscores continuing resistance to climate legislation.

Energy committee aides, however, are indicating their intention to press on with debate on the issue prior to resolving the procedural concerns.

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