4 Climate Policies We're Thankful For
Unless it's immediately proceeded by the word "no," the phrase "good news" rarely appears these days in stories about climate change. But in a year in which we found out that our oceans may rise this century by as much as three feet and that atmospheric carbon dioxide is higher than it has been in nearly a million years, there were still some bright spots. And in preparation for Thanksgiving, we've compiled a list of four environmental developments for which you can give thanks. You can see even more on Twitter by searching the hashtag #ClimateThanks.
1. The US and the World Bank will avoid financing coal-fired power plants abroad.
Burning coal is among the dirtiest ways to produce energy and quickest ways to accelerate climate change. So this July, when the World Bank announced that it would limit funding for new coal-burning plants to "rare circumstances" where countries have "no feasible alternatives," green advocates were thrilled. At the same time, the global development giant also reversed its opposition to hydroelectric power, which many environmental activists had pushed as an alternative to cheap energy from coal. Last month, based on an announcement President Obama made in June, the United States Treasury Department also ceased financing any new coal projects abroad except in cases where coal was the only viable option for bringing power to poor regions. The US and World Bank decisions only affect coal projects that use public financing; around the world, many are built with private money. But a Treasury official told the New York Times that the Obama administration felt "that if public financing points the way, it will then facilitate private investment."
2. The White House will push carbon limits for new and existing power plants.
Natural gas and coal-fired power plants are responsible for 40 percent of the United States' carbon emissions and one-third of its greenhouse gas emissions. The country can't address climate change without regulating this sector of the economy. In his June speech at Georgetown University, President Obama announced that for the first time ever, the Environmental Protection Agency will propose rules to cap carbon emissions from existing power plants. His administration also pushed forward a rule to limit pollution from new power plants, which had stalled last year. If the EPA finalizes the rule and it's upheld in court, it would limit new coal-fired plants to 1,100 pounds of carbon dioxide emissions per megawatt hour—the average coal power plant releases 1,800 pounds—and new gas power plants to 1,000 pounds. Obama said the rules were necessary for the US to meet its pledge to bring greenhouse gas emissions down by 17 percent—or below 2005 levels—by the year 2020.