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Joyce Foundation

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The Joyce Foundation website notes that it "supports efforts to protect the natural environment of the Great Lakes, to reduce poverty and violence in the region, and to ensure that its people have access to good schools, decent jobs, and a diverse and thriving culture. We are especially interested in improving public policies, because public systems such as education and welfare directly affect the lives of so many people, and because public policies help shape private sector decisions about jobs, the environment, and the health of our communities. To ensure that public policies truly reflect public rather than private interests, we support efforts to reform the system of financing election campaigns." [1] The Foundation's assets are approximately $900 million.

Global Warming

The Joyce Foundation is a key progenitor of carbon dioxide cap and trade. In 2000 the Foundation issued a $347,600 grant to Richard Sandor for a study on the feasibility of a cap and trade mechanism. In 2001 the Foundation issued a $760,100 grant to the J. L. Kellog School of Management at Northwestern University, working with Sandor, to fund the design of the Carbon Climate Exchange, otherwise known as the CCX. The CCX mechanism has been adopted by European carbon credit exchanges.

The Joyce Foundation has also expressed its concern about global warming as a major environmental issue by attention to Carbon Capture and Storage technology to bury carbon dioxide from new coal-fired power stations. On its website it states that "an estimated thirty-six coal plants are under various stages of consideration for the Great Lakes region. Burning coal emits carbon, which contributes significantly to global warming; in addition, coal-burning plants have been major polluters of air and water in the Midwest and nationally. Coal gasification technology offers the possibility of reducing overall emissions as well as potentially capturing and storing carbon. The Joyce Foundation is supporting efforts to make sure that new Midwest power plants are built with the cleaner technology."[1] See The Joyce Foundation and global warming for more details.

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Web: http://www.joycefdn.org

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References

  1. Joyce Foundation, Environment: Climate Change and Coal", Joyce Foundation website, accessed May 2008.