Tag Archives: government

South Korea now has the world’s second largest cap-and-trade market

by ShannaRickman Posted on January 12, 2015

South Korea now has the world’s second largest cap-and-trade market

By on 12 Jan 2015 12:59 pmcommentsShare

Monday was the inaugural day of trading for South Korea’s new cap-and-trade market, the second biggest in the world behind the European Union’s. It applies to 525 of the country’s biggest polluters, which account for 66 percent of the country’s emissions that don’t come from vehicles. And will help the South Korea hit its goal of reducing greenhouse gas pollution 30 percent by the end of the decade. From Reuters:

Under the scheme, South Korea’s power generators, petrochemical firms, steel producers, car makers, electro-mechanical firms and airlines have been given a fixed amount of permits to cover their emissions for the next three years.

The government has set the total amount of allowed emissions for the 2015 to 2017 period at 1.687 million tonnes of carbon dioxide equivalent. Any company emitting more than they have permits to cover must buy allowances from others in the market.

South Korea is the world’s seventh largest annual emitter of greenhouse gases, after China, the U.S., India, Russia, Japan, and Germany.

Once China’s cap-and-trade system becomes fully operational in 2020, it is expected to surpass both South Korea’s and the E.U.’s to become the largest in the world.

As the Sightline Institute wrote back in November, carbon pricing is becoming increasingly popular worldwide. Maybe, someday, we’ll even have a national system in the United States …

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South Korea now has the world’s second largest cap-and-trade market

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This Is Why You’re So Damn Cold Right Now

by BradlyRizzo Posted on January 7, 2015

Mother Jones

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This story originally appeared in CityLab and is republished here as part of the Climate Desk collaboration.

To get an idea why wind chills will plummet to 45 degrees below zero in the US this week, look no farther than this unreal image of a colossal polar system cutting through the country like the icy scythe of a rancorous Norse god.

A NOAA satellite caught the coast-to-coast eyeball-freezer on Tuesday as it was revving up for an icy romp across America. Writes the agency:

The weather pattern over the next few days will feature a massive surface high settling southward from Canada to the Great Plains on Wednesday, following by another large surface high by the end of the week. Both of these features are of Arctic origin, and will bring bitterly cold weather from the western High Plains to the Mid-Atlantic and Northeast US In addition to the frigid temperatures, the cold air advection over the Great Lakes along with upper-level shortwave energy moving over the region is expected to produce significant lake effect snow downwind from the Great Lakes through midweek.

Areas east of Lake Erie and Lake Ontario are predicted to get the worst of the accumulations, which must be a comfort to Buffalo residents who are probably almost finished digging out from the last winter storm. NOAA says these regions will be served with snowfalls that “will easily exceed one foot.”

As for the other weather misery afflicting the nation, take a peek at these expected wind chills. It’s not a great time to be outside in the northern states, where the government is advising travelers to pack winter-survival kits.

NOAA

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This Is Why You’re So Damn Cold Right Now

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Republicans Take Aim at Obama, Shoot Workers in the Foot

by GretchenBamford Posted on January 7, 2015

Mother Jones

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President Obama announced yesterday that, yes, he would veto a bill to approve the Keystone XL pipeline. This is hardly news, since he’s already said this before, but it was nonetheless reported as yet another shot across the bow of congressional Republicans. The GOP wants to be reasonable and bipartisan—honest!—but it’s tough when Obama keeps deliberately baiting them like this.

So what’s the GOP doing as a show of good faith? Trying to blow a hole in Obamacare, of course. But that’s not all! They’ve actually picked a specific plan that’s something of a trifecta. Here’s what it does:

Cripples a part of Obamacare.
Costs the federal government money.
Increases corporate profits.

Don’t you love the smell of napalm in the morning? The proposal in question would change the definition of full-time worker from 30 hours to 40 hours. As a result, employers would be required to offer health insurance only to employees working 40 hours or more, not those working 30 hours or more. It’s hard to truly capture the cynicism motivating this proposal, but Matt Yglesias does a pretty good job this morning. I’ll turn over the mike to him:

It turns out that the authors of the ACA weren’t idiots….Sherry Glied and Claudia Solis-Rosman have shown that while working slightly more than 40 hours is common, working slightly more than 30 hours is rare. In other words, few workers are at risk of having hours slashed from 31 per week to 29, but many could be cut back from 41 to 39.

….While a shift from a 30-hour definition to a 40-hour definition would exacerbate the problem of hour cuts, it would help solve one very serious problem — the problem of rich businessmen who would like to see higher profits rather than lower profits. Lifting the hours threshold would automatically cause millions of workers to fall below the limit, saving their employers money in insurance premiums and fees to the government. And lifting the hours threshold would also make it easier for employers to monkey with workers’ schedules to get them redefined as part-time.

At a time when corporate profits as a share of the economy are abnormally high, boosting profits at the expense of workers’ health insurance coverage isn’t necessarily a great political slogan. But it’s still something that business owners and managers care passionately about, and business priorities tend to get a thorough airing on the Hill.

There’s always going to be some threshold that defines “full-time” workers. And no matter what that threshold is, some employers will game the system by reducing the hours of some employees from barely above to barely below the threshold. There’s just no way around that. But you can certainly try to minimize the problem by picking a threshold that’s hard to game. One way to do that is to set the threshold at a level that affects very few workers. Democrats did that when they passed Obamacare in 2009, and that was good for employees, good for Obamacare, and good for the budget since it meant fewer workers receiving federal subsidies.

But not so good for anyone who wanted to game the system and toss lots of vulnerable employees onto the federal dime. Apparently that’s the GOP’s core constituency, though. Are you surprised?

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Republicans Take Aim at Obama, Shoot Workers in the Foot

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The USDA might tell Americans to eat less beef for the sake of the environment

by WoodrowPantano Posted on January 6, 2015

The USDA might tell Americans to eat less beef for the sake of the environment

By on 6 Jan 2015commentsShare

The Department of Agriculture is responsible for issuing guidelines on what America eats: It tells us what foods make up a healthy diet, and, during the last dozen years, what foods are organic.

Now, the USDA is also considering offering recommendations on how Americans can eat to minimize their effect on the environment. That would mean more fruits and vegetables and less meat — especially meat from cows.

From the Associated Press:

[A USDA] advisory panel has been discussing the idea of sustainability in public meetings, indicating that its recommendations, expected early this year, may address the environment. A draft recommendation circulated last month said a sustainable diet helps ensure food access for both the current population and future generations.

A dietary pattern higher in plant-based foods and lower in animal-based foods is “more health promoting and is associated with lesser environmental impact than is the current average U.S. diet,” the draft said.

That appears to take at least partial aim at the beef industry. A study by the journal Proceedings of the National Academy of Sciences last year said raising beef for the American dinner table is more harmful to the environment than other meat industries such as pork and chicken.

The study said that compared with other popular animal proteins, beef produces more heat-trapping gases per calorie, puts out more water-polluting nitrogen, takes more water for irrigation and uses more land.

The committee is finding that it’s old aim, health, and its possible new aim, sustainability, go hand-in-hand: Food that’s better for you is also easier on the environment.

Of course, the meat lobby has a bone to pick (ahem) with the USDA over this, and its allies in Congress aren’t happy either. Last month’s CRomnibus bill to fund the government warned the USDA to only focus on nutrition and to not worry about “extraneous factors.”

The beef industry has long held sway over the guidelines the USDA puts out, with unfortunate results for the environment — University of Michigan researchers found last year that if all Americans followed the USDA dietary guidelines, we’d see a 12 percent increase in dietary-related greenhouse gas emissions.

Source:
New diet guidelines might reflect environment cost

, The Associated Press.

Government Dietary Guidelines May Back Off Meat To Be More Environmentally Friendly

, ThinkProgress.

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Will Obama Get Answers From Mexico’s President on the Disappearance of 43 Students?

by BartSochab Posted on January 6, 2015

Mother Jones

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On Tuesday, Mexican President Enrique Peña Nieto arrived in Washington to meet with President Barack Obama. Familiar topics, such as trade and the economy, are high on the leaders’ agenda. But Peña Nieto’s record on security—particularly the 2014 disappearance of 43 Mexican students taken by police and believed to be dead—will likely dominate this week’s meetings. So too will the sheer scope of Mexico’s eight-year drug war: Since 2007, it’s estimated that more than 100,000 Mexicans have been killed and some 20,000 disappeared.

Since taking office in 2012, Peña Nieto has enjoyed an “extraordinarily close” relationship with the Obama administration, and—rhetorically, at least—has sought to move from the militarized response to organized crime that characterized the presidency of his predecessor, Felipe Calderón. Nevertheless, human rights organizations and activist groups are calling on Obama to demand answers from Peña Nieto for the Mexican government’s failures. In a letter to Obama, Human Rights Watch claimed that Peña Nieto’s government “has largely failed to follow through on its own initiatives” to make the country safer, and called on the president to “ask Peña Nieto to explain exactly what steps he is taking to ensure that Mexico prosecutes abuses.”

The students’ disappearance isn’t just a Mexican problem. Under the Merida Initiative, a joint security partnership, the United States has given more than $2 billion to Mexican security forces since 2008. The funding—provided by American taxpayers—come with conditions, including that Mexico investigate police abuses. “Despite unequivocal evidence—including cases documented in the State Department’s own reports—that Mexico has failed to meet these requirements, your administration has repeatedly allowed the funds to be released,” Human Rights Watch wrote in the letter.

In a Monday press release, a senior White House official expressed the administration’s “strong belief” that those responsible for the students’ disappearance will be brought to justice, and nodded at the Mexican government’s arrest of more than 70 suspects. “I’m certain that this will be a part of the conversation tomorrow,” the official said.

The Obama administration’s assurances did not mollify the dozens of protesters who greeted Peña Nieto at the White House on Tuesday morning. Andrea Adum, who made the trip from Staten Island, said she wanted to see a stronger response, including reconsideration of Merida and the ousting of Peña Nieto’s government. “We know the government did nothing” to investigate the students’ disappearance, she said. The 70 arrested, she claimed, were “people the government were looking to blame, to try to calm the protesters down.” Protester Arnoldo Borja was pessimistic too: Nothing constructive will happen between the two leaders, he predicted. “It’s been massacre after massacre” in Mexico, he said. “After this, then what?”

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Will Obama Get Answers From Mexico’s President on the Disappearance of 43 Students?

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Valdmir Putin’s Russia: Criticize the Government and Your Family Will Be Locked Up in a Penal Colony

by FlorencH64 Posted on December 30, 2014

Mother Jones

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The show trial of one of Valdimir Putin’s chief political critics ended today. He was convicted and banned from political office for ten years, but the sentence was suspended and he immediately joined a protest march upon his release. So what happened next?

The police in Moscow briefly detained the anticorruption crusader and political opposition leader Aleksei A. Navalny on Tuesday as he tried to join an unauthorized, antigovernment rally, just hours after a Moscow court had given him a suspended sentence on criminal fraud charges. Yet, in a sign of how unwilling the authorities are to make a martyr of Mr. Navalny, they said later that the police were merely escorting him back to his home, Interfax reported.

Well, that’s not so bad. Maybe Putin is lightening up a bit. Except for one little thing:

His brother Oleg was jailed for three and a half years for the same offence….Navalny’s supporters said the Kremlin was returning to the sinister Soviet-era practice of punishing the relatives of those it disliked. Upon hearing the verdict, mumbled quietly by the judge, Yelena Korobchenko, Alexei Navalny rolled his eyes and looked at his brother.

….Oleg Navalny is the father of two small children and a former executive of the state-owned postal service. Unlike his better known brother, he has never played a role in the Russian opposition movement. His imprisonment in a penal colony seems to echo the Soviet-era practice of arresting the relatives of “inconvenient” people.

So they let Aleksei go free in order to keep him from being a martyr, but tossed his brother into prison as a hostage to his good behavior. Charming. A spokesman admitted that Putin “had been aware of the Navalny case, but that Tuesday’s ruling ‘isn’t important enough to merit a special report’ to the president.” I actually believe this. For Putin, it’s just another day at the office.

Originally posted here – 

Valdmir Putin’s Russia: Criticize the Government and Your Family Will Be Locked Up in a Penal Colony

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Elizabeth Warren: Wall Street Just Got Another Giveaway

by AdriennLeCouteu Posted on December 19, 2014

Mother Jones

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Last week, Congress did Wall Street a solid. When lawmakers passed a giant spending bill that funds the government through September, they included a provision written by Citigroup lobbyists that allows banks to make more risky trades with taxpayer-insured money. Then, on Thursday, bankers got another giveaway: The Federal Reserve announced it would delay for up to two years implementation of a crucial section of the Volcker rule—one of the most important regulations to come out of the 2010 Dodd-Frank financial reform bill. The rule generally forbids the high-risk trading by commercial banks that helped cause the financial crisis. The move by the Fed pushes the deadline for banks to comply past the next presidential election and gives Wall Street lobbyists more time to weaken it.

“Less than a week after Wall Street slipped a bailout provision written by Citigroup into the government spending bill, the Fed has given the big banks another victory,” Sen. Elizabeth Warren (D-Mass.) said in a statement Friday.

“It’s really hard to see an excuse for this,” says Marcus Stanley, the financial policy director at Americans for Financial Reform, an advocacy group.

The Volcker rule ensures that financial institutions don’t engage in something called proprietary trading, which is when a bank trades for its own benefit as opposed to for the benefit of its customers. Banks were supposed to comply with the Volcker rule by July 21, 2014. Last year, when banking watchdogs finalized the rule, the Fed granted banks a year-long extension. The Fed’s Thursday announcement gives banks another year to get rid of certain investments—including those in private equity firms and hedge funds. The central bank also noted Thursday that it plans to push out the deadline again next year, by another 12 months. That brings the new compliance deadline to July 2017, far past the 2016 election. If the new president is a Republican, he could fill his administration with Wall Street insiders opposed to the rule, making it even easier for lobbyists to gut it.

Before the Volcker rule was finalized last year, the financial industry fought like mad to weaken it. The regulation could slash the total annual profits of the eight largest US banks by up to $10 billion, according to an estimate by Standard & Poor’s. Banking reform advocates were fairly happy with way the final reg turned out. But now the financial industry has extra time to take a few more whacks at rule before banks actually have to obey it. “Wall Street’s loophole lawyers and other hired guns will… continue to hit at the rule as if it were a piñata,” Dennis Kelleher, the president of the financial reform advocacy group Better Markets, said when regulators completed the rule in 2013.

The Dodd-Frank law already contains a provision allowing banks that will have difficulty getting rid of particular investments before the initial compliance deadline to request an extension from banking regulators. The Fed’s announcement yesterday amounts to an unnecessary “blanket” extension, Stanley says. “It’s hogwash.”

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Elizabeth Warren: Wall Street Just Got Another Giveaway

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The Spending Bill Includes a Huge Insurance Industry Giveaway Too

by Ajax Isaac Posted on December 11, 2014

Mother Jones

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You can add insurance industry subsidies to the list of giveaways being shoved into the massive, last-minute government spending bill Congress is trying to vote on to avert a government shutdown. (Update: The bill passed the House.) A seven-year extension of the Terrorism Risk Insurance Act (TRIA)—which is essentially a government promise to bail out insurance companies after a major terrorist attack—has become part of this appropriations measure. The insurance industry and some of its bigger corporate clients claim renewing the 9/11-inspired law is critical to keeping the industry alive. Critics, citing the industry’s own risk analysis, say it’s pretty much useless.

TRIA, which is set to expire December 31, was approved by Congress after the September 11 attacks. Before then, a major attack was considered such a far-off possibility that terrorism insurance was generally included in commercial policies without added cost. But the attacks were a catastrophe for the industry, costing more than $40 billion in today’s dollars—the greatest loss for a non-natural disaster on record. After those payouts, many companies either stopped offering terrorism coverage or made it enormously expensive, according to a Congressional Research Service report on the subject. In 2002, Congress passed TRIA, which requires insurers to offer terrorism coverage—and promises to bail them out if a future terrorist attack causes losses above a certain threshold. With this law, the government acts as an insurer for the insurers—but it doesn’t charge them a dime for the protection.

The TRIA renewal in the spending bill will shift more of the burden of covering losses due to terrorist attacks to the insurance industry relative to the previous law. The threshold for an industry bailout would double, from $100 million in damages to $200 million, and the portion of losses covered by the government would fall from 85 percent to 80 percent. The law does include a provision the government could use to get some of its bailout money back; it would allow the government to tax policyholders, but this is not mandatory.

Critics, including Sen. Elizabeth Warren (D-Mass.), have called TRIA a giveaway for the industry. Similar programs exist in Europe and Australia, but those programs bill insurance companies in advance for the protection, instead of giving it away for free and then possibly taxing policyholders after the fact. If the government did charge for TRIA coverage, it could collect about $570 million annually, according to the Congressional Budget Office. The Consumer Federation of America, citing the insurance industry’s own risk analysis, notes that only the owners of “high-risk” terrorist targets— large, commercial buildings in New York City, Washington, DC, San Francisco, and Chicago—and their insurers benefit from TRIA. Although terrorism insurance rates would increase if TRIA were repealed, the group says, few policyholders would see the difference.

If there were a terrorist attack on one of those large commercial buildings, the industry is probably equipped to handle the loss without a government backstop. In the first half of 2014, American property and casualty insurers (TRIA’s main industry beneficiaries) were sitting on a record surplus of $683.1 billion, according to an industry report—enough to cover 15 times the losses endured on September 11.

In a September 8 letter to Congress, 400 companies and trade associations, from AIG to United Airlines and Walt Disney, contended that TRIA maintained “economic stability in the face of ongoing terrorist threats,” and that without it insurance companies would be unable to provide adequate coverage. A few weeks later, the Insurance Information Institute, an industry-funded advocacy group, cited ISIS’s promise to attack the United States as a reason for extending the law.

More than 100 companies and trade associations lobbied Congress on TRIA. Looks like it was money well spent.

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The Spending Bill Includes a Huge Insurance Industry Giveaway Too

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Here’s the Ugly Side of Bipartisanship

by TWTKamwbbsdhe Posted on December 11, 2014

Mother Jones

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Dylan Matthews, after running down all the obnoxious amendments to the omnibus spending bill currently wending its way through Congress, wonders aloud if it’s still worth supporting:

If you’re Barack Obama, or a liberal Democrat generally, most of these riders are setbacks, in some cases significant ones. Indeed, Obama’s condemned the Dodd-Frank and campaign finance provisions. He could, in theory, reject the deal and demand that Congress send him a bill without changes to Dodd-Frank, or one that doesn’t meddle in DC’s affairs, etc. And yet he has come out in favor of House passage of the bill.

Is he making a massive mistake?

This is one of those things that demonstrates the chasm between political activists and analysts on the one side, and working politicians on the other. If you take a look at the bill, it does indeed have a bunch of objectionable features. People like me, with nothing really at stake, can bitch and moan about them endlessly. But you know what? For all the interminable whining we do about the death of bipartisanship in Washington, this is what bipartisanship looks like. It always has. It’s messy, it’s ugly, and it’s petty. Little favors get inserted into bills to win votes. Other favors get inserted as payback for the initial favors. Special interests get stroked. Party whips get a workout.

That’s politics. The fact that it’s happening right now is, in a weird sense, actually good news. It means that, for a few days at least, politics is working normally again.

I understand that this sounds very Slatepitchy. But it’s true. Even at its best, politics is lubricated by venality, ego, and mutual backscratching. And you know what? By the normal standards of this kind of stuff, the obnoxious riders in the current spending bill are pretty mild. Really. The only one that rises above the level of a political misdemeanor is the provision that allows banks to get back into the custom swaps business, and even that’s hardly the end of the world. Swaps may have provided a tailwind to the 2008 financial collapse, but they were far from its core cause.

So should working politicians avert their gaze from the muck and vote to keep the government functioning? Of course they should. Government shutdowns are immensely costly in their own right, after all. This kind of crass calculus sucks, but that’s human nature for you. All things considered, I’d say we all got off fairly easy this time around.

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Here’s the Ugly Side of Bipartisanship

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Cellphone Companies Are Working to Track Your Every Move

by MilfordMaddox Posted on November 4, 2014

Mother Jones

Your cellphone company knows what you did today—whether you want them to or not:

Verizon and AT&T have been quietly tracking the Internet activity of more than 100 million cellular customers with what critics have dubbed “supercookies”…. Consumers cannot erase these supercookies or evade them by using browser settings, such as the “private” or “incognito” modes that are popular among users wary of corporate or government surveillance.

….Privacy advocates say that without legal action, in court or by a regulatory agency such as the FCC or FTC, the shift toward supercookies will be impossible to stop. Only encryption can keep a supercookie from tracking a user. Other new tracking technologies are probably coming soon, advocates say.

“There’s a stampede by the cable companies and wireless carriers to expand data collection,” said Jeffrey Chester, executive director of the Center for Digital Democracy, a Washington-based advocacy group. “They all want to outdo Google.”

Is there any hope for reining in this stuff? I’m pessimistic. The vast majority of users just don’t seem to care, and even if they do, they can usually be bought off with something as trivial as an iTunes download or a $10 Groupon discount. On the flip side, the value of this data to marketers is enormous, which means it can be stopped only by some equally enormous opposing force. But what? Government regulation is the only counterweight of similar power, and there won’t be any government action as long as the public remains indifferent about having their every movement tracked.

So this gets back to basics: How do you get the public to care? Business as usual won’t do it. It’s going to take something big and dramatic that finally crosses a line and starts to make people feel nervous. That hasn’t happened yet, but it might in the future. Stay tuned.

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Cellphone Companies Are Working to Track Your Every Move

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