Reuters discusses last night’s announcement during the State of the Union on the United States pledging to spend $2 billion over the next three years to fund clean energy tech in order to fight climate change. A large focus of this commitment is on battery power and renewable energies.

Also in Reuters, is an article discussing the Alberta carbon market. Alberta’s premier warned officials that the province cannot reduce GHGs too quickly, or it will have a large impact on the economy. However, environmentalists say that Canada cannot reduce national emissions levels without reductions in Alberta.

The Burlington Free Press talks about how several states, Vermont included, have asked the Federal Trade commission to develop guidelines for business that sell credits. The states are worried about fraud due to the “intangible nature of carbon offsets.” The other states include Arkansas, California, Connecticut, Delaware, Illinois, Maine, Mississippi, New Hampshire and Oklahoma.

Lastly and also from Reuters, the Russian government is accepting applications from companies who want to sell credits, for a profit, to Western countries. Previously, legal doubts had stalled the Russian market.

Tags: carbon market, carbon trading, GHGs, green energy news, Green Tech

This entry was posted on Tuesday, January 29th, 2008 at 2:51 pm and is filed under Carbon Credits, Government Regulation, Green Energy, Green Tech, Greenhouse Gases, Renewable Energy. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.