Posted by: JohnnyRook | December 23, 2008

Don’t Worry About Climate Change: Leave That Up to Us

Here’s the latest anti-coal ad from the Reality Coalition.

In related news, a US appeals court reinstated an EPA rule to reduce emissions from coal-fired power plants and to help states downwind from the plants meet air pollution guidelines.

A top broker in emissions allowances said trading in some pollutants soared on the news. One environmental advocate called the ruling a “holiday gift to breathers.”

Tuesday’s ruling reversed a decision the same court, the U.S. Court of Appeals for the District of Columbia, made in July to reject the so-called Clean Air Interstate Rule, known as CAIR.

The court found on July 11 that the U.S. Environmental Protection Agency went beyond its authority to create a trading scheme among utilities to cut emissions of sulfur dioxide and nitrogen oxides at power plants in the East and Midwest.

But the current ruling vacates that earlier decision and leaves the interstate rule in place while the Environmental Protection Agency fixes flaws in the plan.

The court said it was persuaded by arguments by the EPA and others, including environmental advocates, that “allowing CAIR to remain in effect until it is replaced by a rule consistent with our opinion would at least temporarily preserve the environmental values covered by CAIR.”

Spot trading in sulfur dioxide jumped on the news, rising from $148 to $200.

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