Climate Clips: Does the nation’s first CO2 cap and trade system work?

Seventeen years after its founding, the nation’s first cap-and-trade system for greenhouse gases has become a flashpoint across the eastern United States, with lawmakers in two states vowing to exit the program and environmental advocates calling to reform it.

See the full story at E&E News.

More DMV News

Policy Setbacks Slow Virginia’s Momentum on Shared Solar
Energy News Network
A proposed monthly fee to participate in Dominion Energy’s upcoming shared solar program is too high to be viable, advocates say. Meanwhile, efforts to expand to other utility territories will likely be delayed for more study.

Hogan Vetoes Abortion and Paid Family Leave Bills, Allows Climate Measure to Become Law
Maryland Matters
The governor allowed about 28 bills to take effect without his signature — including the Climate Solutions Now Act of 2022, which would set aggressive goals for reductions in greenhouse gas emissions in Maryland and establish new policies to help achieve that goal.

Youngkin Ends Push to Ban Single-Use Plastics, Aims to Bring Energy Businesses to Virginia
ABC News
Gov. Glenn Youngkin signed an executive order on Thursday that aims to increase recycling and lure clean energy businesses to Virginia. Environmental advocates are criticizing the directive for ending a push to ban single-use plastics.

Amid Transit-Oriented Growth in Arlington, a Detached Garage Endures Across from the EFC Metro
A detached garage stands just across the street from the East Falls Church Metro station and a stone’s throw from an I-66 entrance and the Washington & Old Dominion Trail. Elsewhere in the county, developers would be champing at the bit to turn this transit-accessible carport into an apartment building with ground-floor retail.

National and International News

One Last Climate Warning in New IPCC Report: ‘Now or Never’
Inside Climate News
Whatever words and phrases the Intergovernmental Panel on Climate Change may have been parsing late into Sunday night, its new report, issued Monday, boils down to yet another dire scientific warning. Greenhouse gas emissions need to peak by 2025 to limit global warming close to 1.5 degrees Celsius (2.7 degrees Fahrenheit), as targeted by the Paris Agreement, the report says.

Climate Change Could Cost U.S. $2 trillion Each Year by the End of the Century, White House Says
Floods, drought, wildfires, and hurricanes made worse by climate change could cost the U.S. federal budget about $2 trillion each year — a 7.1% loss in annual revenue — by the end of the century, the White House said in an assessment on Monday.

UN Highlights Potential of Broad Electrification as it Stresses the Role of Cities in Tackling Climate Change
Utility Dive
The IPCC counts at least 826 cities that have adopted zero-emissions targets, but everyone must get more aggressive in implementing such strategies to rapidly slash emissions, UN leaders and report authors say.

Methane Emissions Jumped by Record Amount in 2021, NOAA Says
Washington Post
Global methane emissions soared by a record amount in 2021, eclipsing the record set the year before, according to the National Oceanic and Atmospheric Administration, demonstrating the huge challenge facing policymakers who have pledged to limit greenhouse gas emissions.

Clean Energy Sector Eyes Window for Passing Federal Tax Breaks Amid Challenge of High Energy Prices
Utility Dive
Clean energy stakeholders see a window in the next few months for Congress to pass broad clean energy tax breaks amid high energy prices and an ever-narrowing legislative calendar.