Tag: Ceres

Ceres urges protection of the Methane Emissions Reduction Program

Stuart Mitchell

Ceres issued the following statement in response to the introduction of companion legislation introduced yesterday in the U.S. House of Representatives that would repeal provisions of the Methane Emissions Reduction Program (MERP), introduced in the 2022 Inflation Reduction Act.  “The Methane Emissions Reduction Program benefits and strengthens the U.S. energy industry. By reducing waste, bringing more gas to the marketplace, and maintaining access to global markets that are seeking transparency on methane pollution, the program increases competitiveness for U.S. oil and gas producers,” said Andrew Logan, senior director, Ceres. “If…

Read More

Updated U.S. climate pledge is achievable with stable policy, Ceres says

Stuart Mitchell

Ceres Senior Director of Federal Policy Zach Friedman issued the following statement after the United States updated its Nationally Determined Contribution (NDC) toward global efforts to limit temperature increases from reaching catastrophic levels, pledging to achieve a 61-66% reduction in climate pollution by 2035.  “Ceres applauds the U.S. for putting forward an ambitious, yet fully achievable, NDC that will position the country to capitalize on the private-sector momentum to build and deploy affordable, reliable, abundant American-made clean technologies and solutions.   “As nations around the world press to reduce pollution…

Read More

New scorecard demonstrates federal financial regulators’ progress in addressing climate risk

Stuart Mitchell

A new scorecard released recently shows how 10 federal financial regulators have implemented hundreds of actions in the last 18 months to address the systemic financial risks of climate change. However, U.S. regulators have much more work to do to address these risks as the frequency and severity of weather disasters continue to increase.   The 2024 Climate Risk Scorecard: Assessing U.S. Financial Regulator Action on Climate Financial Risk found most of the assessed regulators have made meaningful strides in producing research and data on climate risk and incorporating these risks…

Read More

New guidance offers a roadmap for the U.S. insurance industry to build resilience amid increasing climate disasters

Stuart Mitchell

Ceres released comprehensive guidance to help the U.S. insurance industry reimagine its future in a climate-changing world, offering a clear roadmap for maintaining insurance availability, affordability and the industry’s long-term health amid escalating and costly climate disasters.   The severity and frequency of record-breaking hurricanes, wildfires, and other unnatural catastrophes continues to destroy entire communities and economies. The U.S. faced $92 billion in economic damages in 2023, and 2024, already predicted to be the warmest on record, faces $100 billion in losses, with Hurricanes Milton and Helene expected to cost…

Read More

New benchmarking report finds carbon emissions from the U.S. power sector saw an accelerated downward trend in 2023

Stuart Mitchell

Due to a decline in coal use, the U.S. power sector saw an 8% reduction in carbon emissions in 2023, according to a new analysis of air emissions for the country’s top 100 power producers released recently.   While this decrease is a significant improvement over the marginal reduction of less than 1% in carbon emissions in 2022, 2023 emissions were only 2% lower than 2020 levels due to a surge in natural gas generation.  The analysis titled, Benchmarking Air Emissions of the 100 Largest Electric Power Producers in the…

Read More