Its time for the weekly news update, brought to you by the Iowa Global Warming Campaign! Scroll down for short descriptions of interesting articles that ran around the country this week.
Kenneth Lieberthal, a former National Security Council Officer under President Clinton, announced this week that he believes the only way the U.S. can adequately address international greenhouse gas emissions is to hold a joint climate summit with China. In what would be a departure from the happenings of recent years, Lieberthal recommended that “We should use Sino-U.S. cooperation in order to create momentum for other countries’ efforts, which will in turn increase the chances for success at the global climate negotiations.” Read more here
The Obama team released their long-awaited budget proposal Thursday morning and revealed that in an effort to reduce the ever growing deficit, would be counting expected revenues from a yet-to-be-enacted carbon Cap and Trade system. Just how much money do they expect will be collected by the selling of Carbon emission permits? By 2012, the administration expects to raise $78.6 billion dollars in funding, and between 2012-2019, an additional $640 Billion. Read more about the proposed bill, how it would work and when it would likely start to take effect here
The week’s biggest disappointment was the “total failure” of NASA’s Orbiting Carbon Observatory Satellite, which crash-landed into the ocean near Antarctica early Wednesday morning. The Taurus XL Rocket was the product of a $270 million project, and was completely destroyed when it failed to enter orbit due to a malfunctioning protective shell. Read more here
Finally, a sign that the campaign against plastic bags is working; UK stores distributed 3.5 Billion fewer plastic bags this year than last, a change of 26.6%. One company, Britain’s largest retailer Tesco, was responsible for reducing the need for 2 Billion of those bags through a “consumer rewards” program, which gave store credit for those shopping with canvas bags. The plan has worked so well that retailers are looking now to reduce the number of plastic bags to 50% of their 2006 levels by May. Though the changes so far have all resulted from consumer industries making (and keeping) their own commitments. However, should they fail to do so in the future, the Department for the Environment, Food and Rural Affairs noted that it would retain its right to institute a fee if the need for one should arise.
Thats all for this week! Be sure to check in next week for more news stories, and perhaps an account of my weekend spent at Powershift in DC!

