ABB_id2059
in News Departments > Policy Watch
print the content item

Nine governors and the Premier of Manitoba have signed the Midwestern Regional Greenhouse Gas Reduction Accord at the Midwestern Governors Association (MGA) Energy Security and Climate Change Summit in Milwaukee, Wis.

The agreement, signed by Govs. Jim Doyle, D-Wis.; Tim Pawlenty, R-Minn; Rod Blagojevich, D-Ill.; Mitch Daniels, R-Ind.; Chester J. Culver, D-Iowa; Jennifer Granholm, D-Mich.; Kathleen Sebelius, D-Kan.; Ted Strickland, D-Ohio; M. Michael Rounds, R-S.D.; and Premier Gary Doer of Manitoba, will serve as a regional strategy to achieve energy security and reduce greenhouse gas emissions (GHG) that cause global warming.

The accord will establish GHG reduction targets and time frames consistent with MGA member states' targets; develop a market-based and multi-sector cap-and-trade mechanism to help achieve those reduction targets; establish a system to enable tracking, management and crediting for entities that reduce GHG; and┬Ědevelop and implement additional steps, as needed, to achieve the reduction targets.

Within the next year, the governors and other participating jurisdictional leaders will establish targets for GHG emission reductions and complete development of a proposed cap-and-trade system. Indiana, Ohio and South Dakota are signing the agreement as observers to participate in the formation of the regional cap-and-trade system.

As part of the summit, the midwestern states, including Nebraska and North Dakota, also adopted an energy security and climate stewardship platform. The platform establishes shared goals for the Midwest, including specific timelines for the advancement of energy efficiency, the promotion of bio-based products, the production of renewable electricity and the development of advance coal and carbon capture and storage.

Hybrid Energy Innovations 2015

Trachte_id2056
Latest Top Stories

High Net-Worth Investors Claim 'All Of The Above' On Energy, Renewable And Otherwise

According to a recent Morgan Stanley poll, high-dollar investors favor investment in renewable energy technologies, such as wind and solar.


U.S. Wind Power Installations Surpassed 4.7 GW Last Year, Although China Still Leads

Bloomberg New Energy Finance reports that U.S. wind installations came back in a big way from a disappointing 2013.


IRS Specifies Performance, Quality Standards For Small Wind Turbines

The Internal Revenue Service (IRS) recently issued guidelines creating safety and performance standards for small wind turbines to be eligible for the 30% investment tax credit.


Hot Times North Of The Border: Canada Tops Previous Record For Installed Wind Capacity

For the second consecutive year, Canada's wind market has bested the country's previous mark for new installations.


Report: Policy Uncertainty Fuels Market Exodus As Firms Bolt North American Wind Industry

The global wind energy supply chain has yet to recover from the slump that began in 2013. In fact, many segments are undergoing a transformation, according to market research firm FTI Consulting.

Hybrid Energy Innovations 2015