U.S. Oil Reserves Higher Than Previously Thought

May 2, 2013
The Nicholas Institute for Environmental Policy Solutions at Duke University

The Nicholas Institute for Environmental Policy Solutions at Duke University

According to a new U.S. Geological Survey (USGS) assessment, two formations in the central United States hold three times the amount of natural gas and two times the amount of oil than the federal government previously estimated. Concentrated in the Dakotas and Montana, the Bakken and Three Forks formations are expected to hold 7.4 billion barrels of recoverable oil and 6.7 trillion cubic feet of natural gas. The Three Forks formation, which alone contains 3.73 billion barrels of oil, was not included in the last USGS assessment in 2008—helping to explain the large jump.

“These world-class formations contain even more energy resource potential than previously understood, which is important information as we continue to reduce our nation’s dependence on foreign sources of oil,” said Interior Secretary Sally Jewell.

The same week, Jewell announced the U.S. Department of Interior will release revised, draft rules regulating hydraulic fracturing operations that have increasingly recovered tough-to-reach fossil fuel sources—particularly in North Dakota. The rules would only apply to hydraulic fracturing and horizontal drilling on public lands and would establish new requirements for disclosure of chemicals and well integrity. The draft is expected in the coming weeks.

Senate Votes on Clean Energy

A House committee in North Carolina’s state legislature last week voted against a bill to repeal the state’s Renewable Energy and Energy Efficiency Portfolio Standard (REPS). However, a Senate Committee this week pushed through the bill, which would keep the mandate at 3 percent, but eliminate it later on.

The REPS enacted by a 2007 North Carolina law had no expiration and, in addition to the overall renewable requirements, uniquely required utilities to get 0.07 percent of their electricity from hog waste now and 0.20 percent by 2018. So far, little of the set-aside for hog waste-derived energy has been met. A new study by the Nicholas Institute for Environmental Policy Solutions and the Duke Carbon Offsets Initiative provides a first step toward an informed strategy to increase swine gas energy production. Using a comparative modeling analysis considering individual and centralized approaches, the report finds that injecting biogas collected from an optimized network of farms into the natural gas pipeline could be a cost-effective approach to meeting state REPS.

As Carbon Dioxide Levels Rise, International Climate Negotiations Begin

As early as this month, carbon dioxide concentrations in the atmosphere are expected to reach a new milestone, rising above 400 parts per million for a sustained period of time. Carbon dioxide levels in excess of 400 parts per million have already been recorded at the Mauna Loa Observatory in Hawaii, but they tend to fluctuate hourly. The milestone is significant because it illustrates how dramatically humans have altered the atmosphere in a few generations, says Mother Nature Network. In 1988, atmospheric carbon dioxide was about 350 parts per million.

“I wish it weren’t true but it looks like the world is going to blow through the 400 ppm level without losing a beat,” said Ralph Keeling, a geologist with the Scripps Institution of Oceanography. “At this pace we’ll hit a 450 ppm within a few decades. Each year, the concentration of CO2 at Mauna Loa rises and falls in a sawtooth fashion, with the next year higher than the year before. The peak of the sawtooth typically comes in May. If the CO2 levels don’t top 400 ppm in May 2013, they almost certainly will next year.”

The Washington Post looks at President Obama’s record on climate and environment so far. In Bonn, groups gathered for a week-long meeting to focus on the “scope, design and structure” of the 2015 climate agreement that would take effect in 2020. This agreement would replace the Kyoto Protocol, which was adopted in 1997 to limit pollution.

The Climate Post offers a rundown of the week in climate and energy news. It is produced each Thursday by Duke University’s Nicholas Institute for Environmental Policy Solutions.

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Details of Obama’s Plan to Reduce Dependence on Foreign Oil Emerge

March 21, 2013
The Nicholas Institute for Environmental Policy Solutions at Duke University

The Nicholas Institute for Environmental Policy Solutions at Duke University

The White House has released more details about the Energy Security Trust that President Barack Obama first mentioned in February’s State of the Union address. Obama introduced the plan—which aims to reduce the country’s dependence on foreign oil, improve vehicle fuel efficiency and protect consumers from gas price spikes—during a speech at Chicago’s Argonne National Laboratory. “By investing in our energy security,” he noted, “we are helping our businesses succeed and we’re creating good middle class jobs right here in America. The only way to really break this cycle of spiking oil prices—the only way to break that cycle for good—is to shift our cars entirely off oil.”

The Energy Security Trust focuses on shifting America’s cars and trucks off oil entirely by investing in research for advances in electricity, domestically produced natural gas and homegrown biofuels as cost-effective alternatives to fossil fuel. Over the course of 10 years, the trust will provide $2 billion in research dollars from federal oil and gas development revenue.

The plan, the White House said, builds on an earlier report and on strategies that resulted in reductions in carbon dioxide of 13 percent since 2007, highlighted in a new study by the U.S. Environmental Protection Agency (EPA). It is intended to solidify America’s position as a world leader in advanced transportation technology. Feelings regarding the measure, however, are mixed. Some are praising the investment in research and development funding in light of sequester cuts, while others see little success for the proposal without a dramatic increase in oil and gas leasing on federal. Energy production on the nation’s federal lands would be among the top responsibilities for Sally Jewell, whose nomination to the post of Interior Secretary was advanced by the Senate Energy and Natural Resources Committee today.

Meanwhile, a new report states that by 2050 it is possible to cut car petroleum use by 80 percent—a much easier feat than cutting carbon dioxide emissions by a similar amount.

EPA Could Delay Climate Rules for Power Plants

A year ago, the EPA unveiled the proposed New Source Performance Standards, which would require all new coal- and gas-fired power plants built in the U.S. to emit no more than 1,000 pounds of carbon dioxide per megawatt hour of electricity produced. According to The Washington Post, the Obama administration is likely to miss its April 13 deadline for finalizing the rules and may be considering revising them. Some industry critics have expressed concern with the EPA’s proposed rule. Four moderate Senate Democrats also urged the President in a letter to scale back provisions for coal-fired plants. Revamping the new-source rules to lay out a separate standard for coal-fired power plants could take another six months, according to legal experts, but it might give the EPA a better chance of defending the rule in court.

Biofuels Suffer from High Prices

The punishment Midwest corn yields took from the drought has pushed corn prices so high that nearly 10 percent of the nation’s ethanol plants stopped production this past year. The credits refiners use to meet the EPA’s renewable fuel mandate that results in ethanol being blended into gasoline are spiking, too. The 10-fold increase in the price of the credits is causing some to be concerned about an increase in gasoline prices. In fact, this year U.S. drivers could face an increase in these prices of nearly $13 billion.

The Climate Post offers a rundown of the week in climate and energy news. It is produced each Thursday by Duke University’s Nicholas Institute for Environmental Policy Solutions.

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Looming Sequester Has Implications for National Weather Forecasting, Energy

February 28, 2013
The Nicholas Institute for Environmental Policy Solutions at Duke University

The Nicholas Institute for Environmental Policy Solutions at Duke University

Unless Congress reaches a deal by Friday, a set of automatic spending cuts—known as the sequester—will take effect. According to the Obama Administration, this trigger, for $85 billion worth of across-the-board federal spending cuts, is expected to have significant implications for climate and energy.

Newly released estimates by the White House detail how the cuts are projected to impact programs in each state. Decreases in environmental funding will be in the multi-millions, with the hardest hits to clean air efforts in California, New York, Texas, Ohio and Illinois. Overall more than $100 million in budget cuts to the U.S. Environmental Protection Agency’s (EPA) air program are proposed. The acting chief of the EPA, Bob Perciasepe, warned of furloughs for staff. In a letter, he detailed the widespread potential effects of the cuts, which included reduced monitoring of oil spills, air pollution and hazardous waste.

The EPA isn’t the only federal agency that would be impacted by the cuts. For example, the operating budget for the National Oceanic and Atmospheric Administration (NOAA) is also at risk, which could potentially degrade the government’s ability to provide timely and accurate weather forecasts. Specifically, the sequester could cause a two- to three-year delay in the production and deployment of the first two next-generation weather satellites being developed through a program called GOES-R. “This delay would increase the risk of a gap in satellite coverage and diminish the quality of weather forecasts and warnings,” said Deputy Commerce Secretary Rebecca M. Blank. “It is unclear that future years of investment will be able to undo some of the damage—especially to our weather preparedness.”

The energy sector will also feel the effects if the cuts aren’t avoided by March 1. There could be a slowdown in the development of oil and gas resources as well as a decline in the permitting of solar and wind installations on federal lands. The cuts could also affect clean energy deployment, decrease the number of homes eligible for energy-efficiency upgrades and delay the cleanup of nuclear waste at sites in Tennessee, South Carolina, Washington and Idaho.

Obama has called a meeting with congressional leaders to discuss the sequester, but absent a deal, the cuts will begin at 11:59 p.m. Friday.

Obama’s Picks for Energy, Environment

Gina McCarthy and Ernest Moniz are still clear favorites to help lead President Barack Obama’s environment and energy team. Timing for formal announcements, however, are less clear, sources told Politico.

McCarthy is expected to replace Lisa Jackson, who stepped down as head of the U.S. Environmental Protection Agency last month. Moniz, currently the director of the Massachusetts Institute of Technology’s Energy Initiative, could replace Steven Chu as the head of the Department of Energy. Reuters says McCarthy “would likely become the face of Obama’s latest push to fight climate change,” while Nature says Moniz “would bring to the office a pragmatic support for nuclear power and natural gas, along with a candid desire to, in his own words, ‘innovate like hell’ on basic energy technologies.”

BP Oil Spill Trial Opens

Testimony began this week in the civil trial surrounding the deadly explosion and oil spill in the Gulf of Mexico on the Deepwater Horizon rig in 2010. Unless a settlement is reached, Federal District Judge Carl J. Barbier will determine who is liable for damages resulting from the rupture and discharge of millions of gallons of crude oil from BP’s high-pressure Macondo well. In addition, Barbier will assess whether BP, Transocean or other companies that worked on the project were grossly negligent in their handling of the rig and well in order to decide how much money will be paid.

A finding of gross negligence could mean more than $17 billion in Clean Water Act fines and other punitive damages, beyond the $8.5 billion settlement the company reached in 2012.

Record-Setting Renewable Energy Projects See Light

In a conference of leaders in the offshore wind industry, outgoing Secretary of the Interior Ken Salazar hinted at the nation’s energy future. “It is going to be very much a continuation agenda,” Salazar said. Though the sequester could slow offshore wind energy development in the Atlantic, he noted that Cape Wind—the first proposed offshore wind project in the U.S.—should break ground in 2013, despite earlier holdups.

Meanwhile, California Gov. Jerry Brown cleared the $1 billion McCoy Solar Project for fast-track approval. Estimated to provide enough electricity to power 264,000 homes, the solar project would be the world’s biggest (subscription required).

And across the pond, Saudi Arabia revealed a plan to install 54 gigawatts of renewable energy—a combination of solar, wind, geothermal and waste-to-energy plants by 2032. The project aims to reduce the amount of oil burned in power stations by the world’s top oil exporter.

The Climate Post offers a rundown of the week in climate and energy news. It is produced each Thursday by Duke University’s Nicholas Institute for Environmental Policy Solutions.

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In State of the Union Obama Targets Energy, Climate

February 14, 2013

The Nicholas Institute for Environmental Policy Solutions at Duke University

Amid discussion of gun control, immigration reform and deficit reduction, President Barack Obama touched on his agenda for energy and climate in his State of the Union address Tuesday. Picking up where he left off in his second inaugural address, Obama took his focus on climate change one step further, calling on Congress to enact legislation to cut carbon pollution and increase clean energy production. He made it clear he intends to act with or without lawmakers.

“But if Congress won’t act soon to protect future generations, I will,” Obama said. “I will direct my cabinet to come up with executive actions we can take now and in the future to reduce pollution, prepare our communities for the consequences of climate change, and speed the transition to more sustainable sources of energy.”

Topping the list of actions for Congress: a market-based solution similar to cap-and trade legislation John McCain and Joe Lieberman worked on a few years ago. A cap-and-trade system—like the one established in California—would create a cap, or limit, on industrial greenhouse gas emissions that would decrease over time. At the federal level, it died in the Senate in 2010. Sens. Bernie Sanders and Barbara Boxer rolled out a bill that would levy a fee on large fossil fuel facilities—building off the momentum of the State of the Union (subscription required). Wednesday the Environment and Public Works Committee held a briefing to discuss the latest findings in climate science research.

During the speech, Obama offered no details on steps he would take if Congress fails to act. While there was no mention of the U.S. Environmental Protection Agency’s regulations of power plants, The National Journal reports he is on track to use his executive authority to introduce rules for controlling carbon emissions from existing coal-fired power plants under the Clean Air Act this year. This would go beyond mandates currently proposed for new facilities.

Energy Trust Would Drive New Research to Reduce Oil Dependence

In addition to taking executive action to curb climate change, Obama proposed using the revenues from federal oil and gas production to fund an Energy Security Trust. This trust would “drive new research and technology to shift our cars and trucks off oil for good.” The $2 billion investment would support research into a range of technologies, including homegrown biofuels and electric vehicles. It would not require expanding drilling. The Hill notes that creating such a trust would require an Act of Congress, and some Republican lawmakers are already calling the plan a “nonstarter.”

Obama also wants to work with Congress to encourage cleaner-burning natural gas. “The natural gas boom has led to cleaner power and greater energy independence,” he said. “We need to encourage that. And that’s why my administration will keep cutting red tape and speeding up new oil and gas permits. That’s got to be part of an all-of-the-above plan. But I also want to work with this Congress to encourage the research and technology that helps natural gas burn even cleaner and protects our air and our water.” Merrill Matthews at Forbes is skeptical of Obama’s promises to expedite the permitting process for oil and gas drilling, accusing Interior Secretary Ken Salazar of withdrawing public lands that had already undergone a lengthy environmental review and been approved for oil and gas leasing.

Is the Speech a Roadmap for 2013?

The answers are mixed. Some liked what they heard. Success of the address, USA Today reports, depends on the success of the policies. The President has delivered variable results on proposals he’s put forth in four previous State of the Union addresses, reports Politico. With Republicans in control of the House, CBS News’s Brian Montopoli says a resurrection of a cap-and-trade bill like the one Obama proposed in 2009 is doubtful.

Meanwhile, a new national poll by Duke University’s Sanford School of Public Policy and Nicholas Institute for Environmental Policy Solutions suggests many Americans haven’t formed an opinion about a cap-and-trade approach; with support low, 36 percent are neither for nor against. It also found only 29 percent of Americans strongly or somewhat support a carbon tax and 64 percent strongly or somewhat favor regulating greenhouse gas emissions from power plants, factories and cars. However, the percentage of Americans who think the climate is changing, and that the change is a result of human activity, have reached their highest levels since 2007.

The Climate Post offers a rundown of the week in climate and energy news. It is produced each Thursday by Duke University’s Nicholas Institute for Environmental Policy Solutions.

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Climate Change under the Microscope in Report, Leaked IPCC Draft

December 20, 2012

The Nicholas Institute for Environmental Policy Solutions at Duke University

Editor’s Note: In observance of the holidays, The Climate Post will take a break from regular circulation Dec. 27. It will return January 3, 2013. 

As lawmakers in Washington, D.C., debate the so-called fiscal cliff—when U.S. federal tax increases and spending cuts are due to take effect at the end of 2012—new research in the journal Nature Climate Change says we are already at the edge of a climate cliff. It explores the cost and risk associated with surpassing critical emissions thresholds by 2020, and what would need to take place to keep global temperatures from rising above 2 degrees Celsius—a mark many regard as the limit to avoid the worst impacts of climate change. It further shares that reaching the 2-degree target may still be possible even if greenhouse gas emissions are not reduced before 2020, but it will be more expensive and difficult, and come with higher risks. Just weeks ago, at the United Nations climate conference in Doha, governments failed to impose additional emissions cuts—looking to a new global climate treaty that would go into effect in 2020.

Meanwhile, the draft of the next assessment report by the Intergovernmental Panel on Climate Change (IPCC)—which provides detailed assessments of climate science every few years—was leaked online by blogger Alec Rawls before its intended release next year. Rawls claims it contains a “game-changing admission” about the sun’s effect on climate, but Dana Nuccitelli writes in The Guardian that Rawls “has completely misrepresented” the report. Rawls’ interpretations actually draw attention from other interesting conclusions in the draft thus far, the New Scientist reports—such as ice-free Arctic summers by 2100, greater sea-level rise and the likelihood we’ll see almost 9 degrees Celsius of warming by 2300. The IPCC itself criticized the leak, but Andrew Revkin writes in The New York Times that—while he disagrees with Rawls’ interpretations of the report—the leak “provides fresh evidence that the [IPCC’s] policies and procedures are a terrible fit for an era in which transparency will increasingly be enforced on organizations working on consequential energy and environmental issues.”

Soot Standard Updated

The U.S. Environmental Protection Agency (EPA), in response to a court order, has imposed updates to the National Ambient Air Quality Standard for fine particulate pollution from power plants and diesel vehicles. The new rule, which includes soot, was revised to allow only 12 micrograms of particulate pollution—a 20 percent reduction from the 15 micrograms allowed per cubic meter of air set in 1997. While the EPA projects 99 percent of U.S. counties will meet the revised health standard by 2020, today 66 counties in eight states—including the metropolitan areas of Houston, Chicago, Cleveland and Los Angeles—do not meet it.

The highly anticipated standards came with mixed reviews, with many applauding them and one study finding reductions in particulate matter correlated to increased life expectancy. “These standards are fulfilling the promise of the Clean Air Act,” said EPA Administrator Lisa Jackson. “We will save lives and reduce the burden of illness on our communities, and families across the country will benefit from the simple fact of being able to breathe cleaner air.” Still, others criticized the ruling—claiming, among other things, that it threatens industry expansion.

2013 Climate and Energy Outlook

In the new year there are a number of energy and climate related developments to keep tabs on. Among them:

Oil and Gasoline: According to the U.S. Energy Information Administration, gasoline consumption will remain flat in 2013, while U.S. oil production will rise to 7.1 million barrels a day—the highest average annual production rate in the country since 1992.

Keystone XL Pipeline: President Barack Obama is expected to make a decision on this pipeline—bringing crude from the Canadian oil sands to the U.S. There are still snags along the way, as residents challenge the pipeline and information surfaces about advanced spill technologies absent in current plans.

Cap-and-Trade Linkage: Quebec has adopted new regulations that could pave the way for the province to set up a cap-and-trade system with California in the new year.

Coal Demand to Increase: The International Energy Agency, meanwhile, predicted demand for coal will increase in every region of the world by 2017 except the U.S.

The Climate Post offers a rundown of the week in climate and energy news. It is produced each Thursday by Duke University’s Nicholas Institute for Environmental Policy Solutions.

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Sandy Surfaces, Kyoto at Stake in U.N. Climate Talks

November 29, 2012

The Nicholas Institute for Environmental Policy Solutions at Duke University

Thousands have converged for a two-week meeting in the Qatari capital of Doha for the 18th Conference of the Parties (COP 18) to the United Nations Framework Convention on Climate Change (UNFCCC). Running through Dec. 7, the U.N. conference brings together environmental minds across the world to work toward a legally binding agreement on climate change. At stake: the Kyoto Protocol. Last week, the World Bank issued a report suggesting that a temperature rise of  more than 4 degrees Celsius (7.2 degrees Fahrenheit) by 2100 could cause widespread crop failures, malnutrition and significant sea-level rise. Kyoto is the only global agreement to cut greenhouse emissions, and it is set to expire at the end of this year. In The Washington Post, Brad Plumer shows what Kyoto has (and has not) achieved, and what any new agreement must achieve in order to avoid 3 or 4 degrees Celsius of warming.

The world is watching to see whether details for a second phase of the Kyoto Protocol, which lays the groundwork for a new global treaty, can be agreed upon. A second phase of Kyoto, Nature reports, would only temporarily replace the original agreement. That’s why some hope COP 18 climate negotiators commit to signing a new treaty by 2015, to take effect by 2020—or possibly earlier if some countries pushing for more ambitious action get their way.

Counterparts from European and vulnerable nation delegations routinely criticize the U.S. as the major reason these negotiations lack ambition. Experts say China and the United States aren’t keeping pace with the smaller countries—the global leaders in generating power from clean sources. Still, some are cautiously optimistic the U.S. will be more than a bystander during talks in light of the recent destruction caused by Hurricane Sandy.

Studies Coming out of Doha

A number of new studies informing decisions during COP 18 are being shared at the conference by organizations across the world. Among the highlights:

Permafrost: The United Nations Environment Program released a report recommending that the Intergovernmental Panel on Climate Change (IPCC) address the gases emitted from melting permafrost, which could account for almost 40 percent of the world’s greenhouse gas emissions.

Climate Change: A report by the World Meteorological Organization stated concentrations of greenhouse gases in the Earth’s atmosphere reached record highs in 2011, indicating “climate change is taking place before our eyes.”

Blue Carbon: Destruction of coastal habitats may release as much as 1 billion tons of carbon dioxide into the atmosphere each year, 10 times higher than previously reported. A new report by Duke University’s Nicholas Institute for Environmental Policy Solutions looks at how this blue carbon—stored in sediment layers below mangroves sea grasses and salt marshes—might be addressed within existing UNFCCC mechanisms.

Sea-Level Rise: Another report says sea levels are rising 60 percent faster than the United Nations originally predicted.

Criminal Charges Bar BP from New Contracts

BP appeared in court this week to answer to charges brought over the 2010 Gulf of Mexico oil spill. At a brief arraignment hearing before a federal judge in New Orleans, BP’s lawyer said the company’s board authorized entering a not guilty plea as a procedural matter, but the company still intends to plead guilty later.

On Nov. 15, the company announced that it would plead guilty to manslaughter, obstruction of Congress and other charges and agreed to pay a record $4.5 billion in penalties to resolve a federal probe of the Deepwater Horizon disaster, which killed 11. As a result of those criminal charges, the company and its affiliates were recently suspended from new contracts with the U.S. government for a “lack of business integrity.” The temporary suspension won’t affect current contracts, but it was unclear what new or pending contracts were affected. “Federal executive branch agencies take these actions to ensure the integrity of federal programs by conducting business only with responsible individuals or companies. Suspensions are a standard practice when a responsibility question is raised by action in a criminal case,” the U.S. Environmental Protection Agency said in a statement.

The Climate Post offers a rundown of the week in climate and energy news. It is produced each Thursday by Duke University’s Nicholas Institute for Environmental Policy Solutions.

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Experts Debate a Link between Climate Change and Extreme Weather

October 11, 2012

The Nicholas Institute for Environmental Policy Solutions at Duke University

As the 2012 harvest season comes to a close, pumpkins appear to be one of the few successes for farmers following the severe drought felt across many parts of the United States. Damage to the nation’s two largest crops, corn and soybeans, puts these staples below demand for the first time since 1974, while the rising cost to feed cattle drives up the cost of milk as herds shrink to an eight-year low. As a result, U.S. agricultural exports could be down as much as $2 billion.

More Americans are connecting warming and weather extremes such as drought. According to their latest survey, Yale found 74 percent believe global warming is affecting weather in the U.S.—up from 69 percent in March 2012. One large reinsurance company agrees with this consensus—claiming climate change is driving the increase in natural disasters since 1980 and will continue to for years to come. Others aren’t sold on the findings. “Thirty years is not an appropriate length of time for a climate analysis, much less finding causal factors like climate change,” said Roger Pielke, a professor of environmental studies at the University of Colorado.

New software described in the journal Environmental Science and Technology attempts to share the impact of emissions on the health of the climate. The Hestia program maps emissions by city, right down to street level. “Cities have had little information with which to guide reductions in greenhouse gas emissions—and you can’t reduce what you can’t measure,” said Kevin Gurney, the lead scientist behind the project. “With Hestia, we can provide cities with a complete, three-dimensional picture of where, when and how carbon dioxide emissions are occurring.”

U.S. Slaps Trade Tariffs on Chinese Solar Panels

The U.S. Department of Interior has approved 33 renewable energy projects amounting to 10,000 megawatts of electricity on public lands since 2009. This, ThinkProgress points out, meets a goal expressed by Congress in the Energy Policy Act of 2005 of authorizing this type of power from non-hydro renewable energy by 2015.

Renewable energy investment, however, has declined roughly 20 percent in the past year. Excess capacity that’s driven down prices for solar panels and wind turbines is to blame, Bloomberg said. Governments are paring support for the industry in places such as the U.S. and Europe after a record $280 billion was invested in clean and low-carbon technologies in 2011. On Wednesday the U.S. Commerce Department announced its final decision on tariffs for Chinese solar panels—imposing tariffs ranging from 24 to near 36 percent. The ruling follows findings that government subsidies may have given Chinese companies an unfair advantage by allowing them to charge less per panel. Some Chinese solar executives blame the country’s glut of solar power on U.S. tariffs—although others blame the Chinese government for propping up the industry and showering it with low-interest loans and other subsidies. Following the ruling, China demanded the U.S. repeal the tariff with Ministry of Commerce Spokesman Shen Danyang saying, “The United States is inciting trade friction in new energy and sending a negative signal to the whole world about protectionism and obstructing the development of new energy development.”

Meanwhile, Australia took one step toward ambitious renewable energy targets—calling for 20 percent of its electricity to come from renewables by 2020—when it switched on its first solar farm. While it is currently expected to produce 10 megawatts, plans are already underway to expand that to 40.

Iraq Predicted to Become New Top Oil Supplier

Iraq, the world’s third largest oil exporter, could push past Russia and Saudi Arabia to become the top supplier by the 2035, according to the International Energy Agency (IEA). Their report predicts Iraq could not only top 8 million barrels per day, but become a key supplier to Asian markets. “Developments in Iraq’s energy sector are critical for the country’s prospects and also for the health of the global economy.” said IEA Chief Economist Fatih Birol, the main author of the report, in a statement. “But success is not assured, and failure to achieve the anticipated increase in Iraq’s oil supply would put global oil markets on course for troubled waters.” Iraq had previously been aiming for a production capacity of 12 million barrels per day by 2017, a target many considered ambitious.

The Climate Post offers a rundown of the week in climate and energy news. It is produced each Thursday by Duke University’s Nicholas Institute for Environmental Policy Solutions.

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What Is the True Social Cost of Carbon?

September 20, 2012

The Nicholas Institute for Environmental Policy Solutions at Duke University

A new study in the Journal of Environmental Studies and Sciences contends that the U.S. government significantly underestimated the social cost of carbon in 2010 in its effort to establish a unified cost of carbon for various agencies to use when formulating policy. The government arrived at a cost at $21 per ton of carbon, but the new study argues the “discount rate” was set too high, and that it the true social cost of carbon could be anywhere from $55 to $266 per ton.

Potential greenhouse gas policy, post-November, remains a murky picture. While candidate Mitt Romney has said he opposes a carbon tax, some of his economic advisers embrace the idea (subscription) as a means to tackle greenhouse gas emissions, especially in tight fiscal times. The Washington Post’s Ezra Klein frames the carbon pricing debate as a bargain between Democrats and Republicans, and a Slate piece offers that carbon taxes are good not only for the environment, but also for the treasury. Meanwhile, Daveed Gartenstein-Ross argues in The Atlantic that, given the national-security challenges the issue poses for the U.S., Romney and the Republican party are “ceding important ground by tolerating and encouraging denialism” of climate change. Ralph Nader says Obama and the Democrats are “running away from the issue” of climate change.

Climate Change in the Stone Age

Just like fossils, climate change leaves a trail in sediments, coral and buried pollen. A new study in the Proceedings of the National Academy of Sciences, which used models to simulate climate conditions over the last 120,000 years, indicates changes in climate coincided with some of early man’s migrations through Asia, north to Europe and all the way to Australia and North America. “The study fills in many of the links that have only been assumed or guessed at,” said Rick Potts of the Smithsonian National Museum of Natural History in Washington, D.C. It is the first time anyone has been able to explore climate’s power to facilitate human expansion, he added.

In the present day, humans’ expansion may cause urban areas to triple in size by 2030, placing more pressure on resources. Our everyday consumption  could be linked to record melting in the Arctic, making highly sought-after oil, gas and mineral resources more accessible. Local pollution created by the oil and gas industry, the United Nations Environment Programme (UNEP) says, may accelerate that thaw. “There is a grim irony here that as the ice melts … humanity is going for more of the natural resources fuelling this meltdown,” said Nick Nuttall, spokesman for UNEP. One need fueling this resource hunt: transportation. A new report says fuel consumption in new cars could be halved in less than two decades.

PBS Newshour has generated criticism for presenting “false balance” on the issue of climate change. Its Sept. 16 episode focused on the findings by “converted skeptic” Richard Muller that are consistent with the scientific consensus about climate change, but the show offered an equal-time rebuttal by climate change denier Anthony Watts—without disclosing his ties to the Heartland Institute, which has long promoted climate change denial. The New York Times’ Anthony Revkin called the interview with Watts “surreally softball.”

Country-Sized Emissions

Climate change may affect one ecosystem—covering 71 percent of the planet—most severely. As emissions continue to rise, ocean waters will rise with them, causing long-term degradation to about 70 percent of coral reefs by 2030. “Our findings show that under current assumptions regarding thermal sensitivity, coral reefs might no longer be prominent coastal ecosystems if global mean temperatures actually exceed 2 degrees Celsius above the pre-industrial level,” said lead study author Katia Frieler of the Potsdam Institute.

It turns out man-made emissions are not the only problem for our oceans. When disturbed, coastal habitats such as wetlands, mangroves and sea grasses, are also a huge factor in the production of greenhouse gases. Destruction of coastal wetlands, often as a result of urban development, aquaculture or farming, releases between 150 million and 1.2 billion metric tons of carbon per year with a central value of 450 million tons—10 times higher than previous reports. These coastal habitats could be protected and climate change combated, the study said, if a system were implemented that assigned credits to carbon stored in these habitats and provided economic incentive if they are left intact—much like what is being done to protect trees through reducing emissions from deforestation and forest degradation (REDD). It would work similar to what the American Carbon Registry has just developed for wetlands in the Gulf of Mexico.

The Climate Post offers a rundown of the week in climate and energy news. It is produced each Thursday by Duke University’s Nicholas Institute for Environmental Policy Solutions.

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Deep-Sea Methane, Wind that Could Power World?

September 13, 2012

The Nicholas Institute for Environmental Policy Solutions at Duke University

The U.S. Energy Department announced plans to spend more than $5 million researching the potential to produce natural gas from deep-sea methane hydrates—ice-like formations that contain natural gas and are stable at depths of more than 300 feet. The Energy Department calls them “the world’s largest untapped fossil energy resource”—some estimate they are twice as abundant as all remaining natural gas and petroleum reserves. According to William Dillon of the U.S. Geological Survey, “The worldwide amounts of carbon bound in gas hydrates is conservatively estimated to total twice the amount of carbon to be found in all known fossil fuels on Earth.” This is the same methane hydrate that could be released into the atmosphere if Antarctica’s ice sheets thin as a result of climate change.

Another abundant resource sharing headlines is wind: there may be enough wind on Earth to meet global power demands (subscription), at least technically, according to a new report. Wind power to such a degree would require covering much of the Earth’s surface and oceans with turbines. Though wind power currently supplies about 4.1 percent of U.S. electric power, the study concludes that we could produce about 400 terawatts of wind power from the Earth’s surface and 1,800 terawatts of power from the upper atmosphere.

Challenges of Climate Change

In the U.S., drought and rising temperatures are posing challenges for power plants. The Washington Post details the burdens these factors are placing on coal-fired, nuclear and hydroelectric power generators—including the Hoover Dam, where low water levels make meeting demand difficult. The news has Henry Waxman and Bobby Rush calling for a probe into whether climate change could threaten the nation’s electricity supply. In their letter, the two cite several cases in which power plants were forced to cease operation or cut back output when nearby water sources became too warm to cool the plants.

Despite suffering the worst drought in 50 years, farmers will collect far more corn crop than previously predicted. Still, at 10.727 billion barrels and the U.S. Department of Agriculture predicts prices will remain at $7 per bushel. The corn yield is still projected to be the worst since 1995.

While climate conditions are impacting farmers, more and more big businesses are seeing the potential impact to their operations. A new report indicates approximately 81 percent of the largest global companies that report sustainability strategies and greenhouse gas emissions include disruptions from climate change among corporate risk disclosures. Thirty-seven percent of those companies consider droughts, fires and the like a serious threat.

Arctic Drilling Sees More Delays

Drifting ice halted Shell’s efforts to drill its first well in the Arctic’s Chukchi Sea just one day into the already-delayed project. The arrival of the ice is the latest in a series of regulatory and equipment setbacks for the company, which has already spent about $4 billion on the effort. Though the federal government estimates the Alaska Arctic offshore region contains close to 26 billion barrels of recoverable oil, sea ice and harsh conditions make for a short drilling season. The moving ice may bring them closer to the Sept. 24 close of the drilling season—stated in the terms of their permit—with little progress toward their goal. “Depending on conditions, it could be a few or, potentially, several days before it’s safe enough to resume drilling,” said Shell spokesman Curtis Smith.

Shell has petitioned for an extension of the season because its projections had shown the arrival of ice much later in the season. The area’s unforgiving conditions have led some doubt how safely these efforts could be carried out—despite extra efforts to beef up the same equipment that failed in the BP Deepwater Horizon spill in the Gulf of Mexico. Even so, the U.S. Coast Guard’s Paul F. Zukunft, who served as the federal coordinator on the 2010 BP spill, said, “I would never be confident [we could handle a major spill]. You’ll never get all the oil.”

In Louisiana, that’s been the case. Nearly two years after the BP spill Hurricane Isaac has churned up tar balls positively identified as originating from the 2010 event. BP has proposed a “deep clean” of these beaches—sifting as deep as 4 feet—to remove contaminants before sand deposited by new storms covers over the tarballs. Researchers at Louisiana State University are looking at other methods—more specifically, blooms of bacterial biomass and whether they could consume oil and gas from the BP spill trapped about a half-mile below the water’s surface. Tests so far say yes—showing these microbes have consumed about 200,000 tons of this oil.

The Climate Post offers a rundown of the week in climate and energy news. It is produced each Thursday by Duke University’s Nicholas Institute for Environmental Policy Solutions.

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Hurricane Isaac Disrupts Energy Production, Stirs Old Wounds

August 30, 2012

The Nicholas Institute for Environmental Policy Solutions at Duke University

While Hurricane Isaac managed to leave Gulf oil platforms largely untouched, New Orleans’ strengthened levees were put to the test as the storm made landfall on the seventh anniversary of Hurricane Katrina.

More than 90 percent of all oil production and roughly 66 percent of all gas output was shut down as a precautionary measure as Isaac approached the Louisiana coast Tuesday. As the hurricane weakened into a tropical storm on land, reducing the threat to offshore production, energy prices dropped. Gasoline prices rose by roughly five cents nationwide—the largest one-day jump in gas prices in 18 months just as the holiday weekend approaches. Though losses will be less than other storms, Reuters reports a $1 billion economic loss for offshore energy.

Oil production in the Gulf is expected to return to normal quickly; nonetheless, the Group of Seven (G7) urged oil-producing countries to raise output to ensure the market was well supplied. The G7 has said it is ready to release oil from strategic reserves, perhaps as soon as September. The International Energy Agency has dropped its opposition to the plan, which has been spearheaded by the U.S.

As Hurricane Isaac continues to churn in the Gulf region, it could stir up remnants of up to 1 million barrels of crude oil that leaked into the ocean as a result of the BP Deepwater Horizon spill. The Governor’s Office of Homeland Security and Emergency Preparedness warned coastal residents that oil material—such as tar balls—could wash ashore.

Meanwhile, tropical storm Kirk became the Atlantic’s 11th named storm of 2012, a feat typically not reached until closer to the end of hurricane season in November. A study in the journal Atmospheric Science Letters suggests hurricanes could be stopped if the clouds that float above hurricane-forming regions were brightened.

Rule Promotes Cleaner Cars

A new fuel economy rule that will nearly double the efficiency of the nation’s cars and trucks to a fleet-wide average of 54.5 miles per gallon over the next 13 years was finalized by the Obama administration this week. The requirements of the rule will be phased in gradually between now and then, and automakers could face fines for non-compliance.

The U.S. Environmental Protection Agency and the National Highway Traffic Safety Administration estimate the rule will increase the average price of a vehicle by $1,800 in 2025. Consumers could save an estimated $5,700 to $7,400 in gasoline over the life of the vehicle. Additionally, the rule is expected to save 4 billion barrels of oil, and reduce greenhouse gas emissions by 2 billion metric tons.

The rule, some argued, doesn’t come without consequences. Higher-efficiency vehicles that consume less fuel could reduce revenues from the gasoline tax 21 percent by 2040. As a result, spending on road repairs could decline.

Forbes says regardless of the high 54.5 mpg requirement, your average will likely be closer to 40 mpg.

Deal Creates Largest Carbon Market

The European Union will link its “cap-and-trade” system with Australia’s carbon market, creating the largest emissions trading scheme in the world. A partial link of the two markets will begin in July 2015, and the association will be complete by 2018. The deal will not only provide a boost for the declining European market, but also allow Australian companies to buy cheaper credits from the European Union.

In the U.S., California will open the country’s first full-scale carbon market in November. Before then, the California Air Resources Board plans to hold a practice auction—testing its electronic platform for selling carbon allowances to companies. The practice auction comes in the middle of a political debate over whether the state should auction revenues at all.

The Climate Post offers a rundown of the week in climate and energy news. It is produced each Thursday by Duke University’s Nicholas Institute for Environmental Policy Solutions.

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