November 25, 2008

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November 25, 2008

Change coming to US climate policy


Congress and the incoming administration are laying the groundwork for movement on domestic and international climate legislation. My colleague Joel Meister and I look at the recent changes and their impact on developing countries in "Obama and House Committee Shake-Up Signal Sea Change in U.S. Climate Policy".


Distortion of weak fuel efficiency standards hits GM


GM is a victim of the US auto industry's success in weakening fuel efficiency standards, an object lesson in the dangers of policy distortions. Vijaya Ramachandran, Robin Kraft and I compare policy and fuel standards from around the world in "Bail, Baby, Bail: What General Motors can Teach us about Policy Distortions".


My thanks to Robin Kraft for his help in preparing this letter.


Best wishes,


David Wheeler
Senior Fellow
Center for Global Development


News


Brazil, Mexico Lawmakers Back Poor-Nation CO2 Limits (Bloomberg)

EU Energy Remedy for Africa May Jumpstart Global-Warming Talks (Bloomberg)

Global investors urge action on climate change (Reuters)

Slump May Limit Moves on Clean Energy (NY Times)

Going green saves money, spins profits in coal-addicted Poland (Agence France Presse)

EPA ruling over climate jeopardizes coal plants (Reuters)







Power Plant News:


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India


India's government on Tuesday announced that the country will add 11,000 MW of generating capacity by the end of the current fiscal year in March 2009. This represents an 8% increase in one year in a country where 75% of power comes from fossil fuels. India's power sector emissions are third-highest in the world.