Top 10 Environmental & Energy Headlines from All Regions Adaptation – An adjustment in natural or human systems to a new or changing environment. "Adaptation to climate change" refers to an adjustment in natural or human systems in response to actual or expected climate change or its effects that serves to moderate harm (or vulnerability to harm) or exploit beneficial opportunities. The electricity industry’s movement toward renewable energy development presents a unique opportunity for owners and developers of large-scale real property (e.g., warehouses and distribution centers). A massive 821-page bill aimed at improving U.S. energy independence and curbing domestic greenhouse gas emissions was introduced in the U.S. Senate on Wednesday, September 30. On October 7, 2009, the Department of Energy (DOE) issued a solicitation inviting the submission of applications for loan guarantees for “commercial technology renewable energy” (CTRE) projects. The Senate, the Environmental Protection Agency (EPA) and the courts are all pushing the U.S. closer to controls on greenhouse gas (GHG) emissions at power plants and large industrial sources. Three recent federal court decisions have split 2 to 1 over the viability of suits seeking damages arising out of green-house-gas (GHG) emissions and global warming impacts. Despite a draft act on Carbon Capture and Storage (CCS) and Vattenfall's pilot plant for the fluidization of carbon dioxide (oxyfuel technique) operated in Brandenburg, it remains still unclear whether utility companies will see a legal basis for the permanent storage of carbon dioxide in the near future. On October 7, 2009, the Ministry of the Environment (“MOE”) released a draft Greenhouse Gas (“GHG”) Emissions Reporting regulation (the “Regulation”), which the Ontario Government envisions will form the basis of a provincial cap and trade system. New measures for foreign currency loans and foreign currency indexed loans. Over the month of September, 2009, the government of Ontario introduced a total of 16 regulations under the “Green Energy and Green Economy Act, 2009” (“GEA”). |