“White House touts energy policies as rules loom” – Associated Press, 30 May 2014

With continued backlash, President Obama is still trying to sell the US on his new energy policy and attempting to showcase the regulations as economically advantageous through job creation, cleaner energy sources, and protection of the US against foreign turmoil. In a 42-page report to be released on Thursday, the White House contends that the US’s natural gas boon is both economically and environmentally beneficial.

The report’s purpose is to counteract the disapproval of the EPA‘s new regulations on coal-fired power plants, which many expect will inflate electricity costs, thwart job growth, and impede economic prosperity. Conservatives and their allies believe that reducing emissions won’t actually aid the environment, and only become a hinderance to the economy.

The White House reports argues that increased domestic energy production, wind and solar power, and decreased dependency on oil have largely bolstered the security of US energy and the economy, and speak directly to the impacts of climate change by reducing carbon emissions.

The US’s upswing in natural gas safeguards the economy, and everyone’s pockets, if oil-producing countries undergo turmoil and cause oil prices to skyrocket. If we continue to produce energy sources domestically, then the US reaps the benefits—that means more money and more jobs.

Regardless, the US is still the number one consumer and importer of oil. The advent of natural gas hasn’t been embraced by everyone—the process of extracting natural gas from shale rock presents some unease with many environmental groups. The decline in oil consumption started in 2006, though that fall is ascribed to the recession. At the same time, natural gas consumption has increased by 18% since 2005.

Developed and Written by Dr. Subodh Das and Tara Mahadevan

May 30, 2014

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“EU Climate Targets to Stop Short of Ambitions” – Wall Street Journal, 16 January 2014

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Wall Street Journal

The European Union’s economic downturn actually helped its 28 member states reduce their carbon emissions; however, the EU is still lagging behind on its proposed climate goals. Following a global climate change agreement, the EU’s main goals were to cut carbon dioxide emissions and increase renewable energy use, like wind and solar power. These targets were set to help the EU reach its pledge to curb its CO2 emissions by 80% by 2050.

There is more concern for the downturn rather than the EU’s environmental goals. The union’s 28 governments have also constantly butted heads on the proposed climate policy targets.

The European Commission presented the EU’s climate change targets. While some of the member states were hoping the commission would relent on some of the proposed regulations, the commission maintained that the EU must reduce carbon emissions by 40% by 2030; and that clean energy sources, such as wind and solar power, compose 27% of the EU’s entire energy use by 2030. Though there is disagreement on the subject of shale gas between the member states, the commission also outlined regulations for tapping into shale rock reserves.

The proposed regulations and guidelines require support from the 28 member states and the European Parliament before they are fully enacted, so we can be sure that it will take some time for the laws to go into effect.

The EU’s 20-20-20 targets are still being enforced. The EU governments pledged to curb CO2 emissions by 20% by 2020, use 20% more renewable energy sources by 2020, and increase energy efficiency by 20% by 2020.

Developed and Written by Dr. Subodh Das and Tara Mahadevan

March 21, 2014

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Copyright 2013. All rights Reserved by Phinix, LLC.

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