July 5, 2010
Two interesting essays on climate change.
- Law firm Reed Smith publishes a recap (and trade) on climate change legislation. The authors of this client memo wager that the Gulf oil spill will hasten the passage of some kind of climate change legislation, but imply that, given the divisions within Congress, a more likely outcome may be stronger regulation emerging from the Environmental Protection Agency. If courts invalidate EPA initiatives, the states may be left as the only source of meaningful (or unmeaningful) action.
- Meanwhile, China faces its own quandary. Despite significant application of Premier Wen Jiabao’s “iron hand” to mandate energy efficiency in power production and manufacturing, the surging middle-class aspirations of China’s 1.3 billion citizens threaten to entirely swamp the impact of the Premier’s global warming policies.