Topic: business

New analysis from WRI and rating agency Standard & Poor’s looks at impacts on businesses and credit quality.

If passed, the American Power Act (APA) would require companies to hold permits to emit GHGs for all emissions from facilities emitting more than 25,000 tons of carbon dioxide (CO2) or equivalent gre

S&P, WRI Release Report on Climate Policy Scenarios and the US Chemicals Industry

This piece originally appeared on the website of the World Resources Report.

This paper argues that private sect

WRI and Standard & Poor’s were unable to conduct a full assessment of credit quality per subsector under EPA regulation because of limited information on the EPA’s anticipated regulatory approach

The criteria for determining free allowances may change in future climate policy proposals, including the possibility of not distributing any free allowances to industry.

GHG emissions compliance costs should be minimal for 10 of the 13 subsectors eligible for free emissions allowances in 2016, in WRI’s view.

GHG emissions compliance costs should be minimal for 10 of the 13 subsectors eligible for free emissions allowances in 2016, in WRI’s view.

The impact of energy-related costs varies under the three EIA scenarios.

In Standard & Poor’s view, the profitability of commodity chemicals production is highly correlated to energy and raw materials prices because these costs often make up the majority of a chemical

Using the EIA policy scenarios and projections of the American Power Act (APA), WRI analyzed the potential additional costs or savings as a result of climate policy.

WRI and Standard & Poor’s examined the possible credit implications of the policy scenarios for 13 of the most greenhouse gas-intensive chemicals manufacturing subsectors.

WRI and Standard & Poor

WRI believes that 2016 is likely the earliest year that future EPA regulation would cover GHGs from existing chemical facilities. The form of regulation is unclear.

This study, conducted with Standard & Poors Rating Services, examines how climate change policy drivers could be incorporated into the evaluation of credit quality. It analyzes two types of federal climate policy scenarios – (1) a market-based GHG emissions reduction policy as approximated by the American Power Act (APA), and (2) Environmental Protection Agency (EPA) regulation of greenhouse gas emissions (GHG) – in the context of 13 energy-intensive chemicals subsectors.

WASHINGTON, D.C. – The World Resources Institute will host a public briefing on Capitol Hill to discuss the potential impacts of the Federal government’s implementation of its Clean Air Act authority to reduce carbon dioxide emissions.