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Sustainable Energy Institute Climate Change Discussion

Sustainable Energy Institute Climate Change Discussion. Michael Bradley, M.J. Bradley & Associates, Inc. September 24, 2004. Recent Developments. New Bush Administration report “Our Changing Planet” implicates human causes of climate change

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Sustainable Energy Institute Climate Change Discussion

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  1. Sustainable Energy Institute Climate Change Discussion Michael Bradley, M.J. Bradley & Associates, Inc. September 24, 2004

  2. Recent Developments • New Bush Administration report “Our Changing Planet” implicates human causes of climate change • States continue to develop mandatory CO2 reduction programs • Cover Stories on Climate Change in BusinessWeek and National Geographic • Attorneys General from 7 states and NY city filed suit against the 5 largest CO2-emitting electric generating companies • Shareholders have demanded climate change risk reports from many of the largest companies

  3. CEG Companies supporting CAPA • Calpine Corporation • Entergy Corporation • Exelon Corporation • Florida Power & Light • NiSource, Inc. • PG&E Corporation • Public Service Enterprise Group, Inc. • Sempra Energy

  4. Clean Energy Group supports Multi-Pollutant Legislation • Multi-Pollutant Legislation: • Provides business and investment certainty • Is more cost-effective than dealing with one pollutant at a time • Can utilize market forces to minimize costs • CAPA addresses CO2 in the context of multi-pollutant legislation to provide investment certainty: • Controlling greenhouse gases (GHG) is inevitable; more than 25 states have already established GHG initiatives • CAPA establishes a flexible, market-based approach that stabilizes CO2 emissions at today’s levels and creates the framework for more robust CO2 control efforts • CAPA creates a national level playing field in terms of regulatory requirements

  5. Targets under CAPA 2009:2005 Levels (2.6 Billion Tons + Flexibility/Offsets) 2013:2001 Levels (2.4 Billion Tons + Flexibility/Offsets)

  6. GHG Coalition Members • BP America, Inc. • Calpine Corporation • Consolidated Edison, Inc. • National Energy and Gas Transmission, Inc. • Northeast Utilities • Pfizer, Inc. • Public Service Enterprise Group, Inc. • United Technologies Corporation • Waste Management, Inc.

  7. RGGI(Regional Greenhouse Gas Initiative) • Step in developing a national model (which is the preferred level of action) • Strong Preference for Multi-State approach instead of state-by-state • GHG coalition members participating at forefront of RGGI

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