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Climate Policy Watch

FEDERAL, STATE OFFICIALS EYE REGULATORY IMPACTS OF CO2 STORAGE

Federal and state officials are beginning to consider the regulatory implications of storing carbon dioxide (CO2) underground to address global warming, with EPA forming a new workgroup on the issue and energy-producing states developing recommendations on potential state regulatory changes, according to government sources.

Although research on sequestering CO2 is at an early stage, government-sponsored projects are moving toward injecting small quantities of CO2 underground to study its effects and scientists' ability to track the materials, federal officials say.

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ACTIVISTS SAY SENATORS' REMARKS SHOW MOMENTUM FOR CLIMATE BILL

Environmentalists say recent remarks by two Republican senators who had voted against legislation to curb greenhouse gas emissions may show increasing support for such measures, after the lawmakers cited the need to address global warming while on a fact-finding trip to Norway on climate change.

"I voted against it, but I am more open to voting differently now," said Sen. Lindsey Graham (R-SC), one of the lawmakers on the trip, according to a translation of an Aug. 23 Norwegian press report. A call to Graham's office was not returned.

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ACTIVISTS SAY SENATORS' REMARKS SHOW MOMENTUM FOR CLIMATE BILL

Environmentalists say recent remarks by two Republican senators who had voted against legislation to curb greenhouse gas emissions may show increasing support for such measures, after the lawmakers cited the need to address global warming while on a fact-finding trip to Norway on climate change.

"I voted against it, but I am more open to voting differently now," said Sen. Lindsey Graham (R-SC), one of the lawmakers on the trip, according to a translation of an Aug. 23 Norwegian press report. A call to Graham's office was not returned.

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FEDERAL, STATE OFFICIALS EYE REGULATORY IMPACTS OF CO2 STORAGE

Federal and state officials are beginning to address the regulatory implications of storing, or sequestering, carbon dioxide (CO2) underground to address global warming, with EPA forming a new workgroup on the issue and energy-producing states developing recommendations on potential state regulatory changes, according to government sources.

Although research on storing CO2 is at an early stage, government-sponsored projects are moving toward injecting small quantities of CO2 underground to study its effects and scientists' ability to track the materials, federal officials say.

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Federal, State Officials Eye Regulatory Implications Of Disposing CO2

Federal and state officials are beginning to address the regulatory implications of capturing and disposing, or sequestering, carbon dioxide (CO2) emissions by placing them underground to prevent global warming, with EPA forming a new workgroup on the issue and energy-producing states developing recommendations on potential state regulatory changes, according to government sources.

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KERRY COAL PLAN TARGETS KEY STATES, MIDDLE GROUND ON CLIMATE CHANGE

Sen. John Kerry's (D-MA) campaign proposal to boost clean coal is seeking to convey a more activist position on climate change than President Bush, while simultaneously assuring coal states that Kerry would favor low-emission coal technologies and only modest regulatory measures to curb global warming, environmentalists and industry observers say.

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RESPONSIBLE INVESTMENT GROUP RELEASES GUIDE TO CLIMATE RISKS

The responsible investor group CERES is out with a first-of-its-kind guide for investors who want to reduce their climate risks, and institutional investors such as state treasurers are praising the report.

A CERES source says the group decided to produce the guide following an investors' summit last fall on climate risks. Also following the summit, groups asked the Securities & Exchange Commission (SEC) to require mandatory climate change risk disclosure, a move the SEC is considering, according to sources familiar with the request.

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FIVE NEW ARB MEMBERS' FIRST TEST INCLUDES VEHICLE GHG REGULATION

Five new air board members appointed last week by the governor are scheduled to attend their first board meeting Sept. 23, and decide on a landmark proposal to require automakers to reduce greenhouse gas (GHG) emissions beginning with the 2009 model year. Some sources said they believe the new crop of members may be slightly more sympathetic to industry concerns in general, but the retention of Alan Lloyd as chairman means the board's overall policy agenda is unlikely to change.

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FIRST-TIME CALIFORNIA CLIMATE RULE TO FACE INDUSTRY CHALLENGE

California air regulators have released a sure-to-be-litigated proposal for the nation's first regulation controlling greenhouse gas emissions from vehicles, estimating the requirements would add $292 to the cost of cars and $308 to light trucks during the first phase of the rule, which would begin in 2009.

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DOE EXPECTED TO DELAY FINAL CLIMATE REGISTRY UNTIL AFTER ELECTION

The Department of Energy (DOE) has delayed revisions to a high-profile, voluntary greenhouse gas reporting program, making it unlikely that the department will meet a prior commitment to finalize the proposal around the time of the November election.

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