By Susan Kraemer •
November 21, 2009
The US paper industry is one of the three non-fossil-energy industries that will be affected under the Clean Energy Jobs & American Power Act; the climate bill being attempted in the Senate; to regulate the industries that emit over 25,000 tons/yr of carbon dioxide. Cement-making and steel production are the other two.
So it would be instructive to see how the European paper industry has fared under the Kyoto-triggered EU Emissions Trading System; providing a real world test-case. If faced with the same carbon constraints as European counterparts; how might our paper industry in the US adapt and evolve ?
If the European experience is anything to go by; they’ll do fine, it seems.
By Susan Kraemer •
September 28, 2009
What we call Cap and Trade, (and what China is now considering) has already just been tried out in Europe, to meet Kyoto. They called theirs the EU Emissions Trading System. China will call theirs “Limit and Incentivize”. Regardless of whether we call it: capping or limiting emissions and trading or incentivizing to fund the switch to renewable energies - It worked.
In the first three-year phase; European carbon emissions dropped 300 million metric tons of carbon, according to a study by The German Marshall Fund; Ten Insights from Europe on the EU Emissions Trading System. US carbon emissions rose, during those three years from 2005 through 2007.
Here’s what we can learn from those who have gone ahead of us in forging Cap and Trade policy to reduce fossil energy use and increase renewable energies. The German Marshall Fund (remember The Marshall Plan?) has put together these ten tips from their experience.
The main takeaway? Don’t worry.
