Carbon Markets

California Legislature Approves Cap-and-Trade Extension until 2030 with Concessions

California Legislature Approves Cap-and-Trade Extension until 2030 with Concessions

Carbon Markets, EnerKnol Research Reports, Environmental Markets, PRODUCTS

The California legislature has passed legislation extending the cap-and-trade program, the centerpiece of the state’s efforts against climate change. The extension aligns the program with the state’s 2030 emissions reduction targets. It cements California’s role as a leading state in climate policy nationwide at a time when federal climate policy remains uncertain.

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California Legislature Approves Cap-and-Trade Extension until 2030 with Concessions

EnerKnol’s Visual Primer – California Legislature Approves Cap-and-Trade Extension until 2030 with Concessions

Carbon Markets, EnerKnol Research Reports, EnerKnol Visual Primer, Environmental Markets, PRODUCTS

The California legislature has passed legislation extending the cap-and-trade program, the centerpiece of the state’s efforts against climate change. The extension aligns the program with the state’s 2030 emissions reduction targets. It cements California's role as a leading state in climate policy nationwide at a time when federal climate policy remains uncertain.

Carbon Prices in RGGI Auction Slump to Lowest in Over Four Years, Reflecting Need for Reform

Carbon Markets, EnerKnol Research Reports, Environmental Markets, PRODUCTS

Clearing prices in the June 2017 RGGI auction dropped to their lowest level in over four years, marking a sharp turn from the December 2015 auction which had reached a record high. The decline in prices can be attributed to uncertainty about the RGGI program after 2020 with regard to the future value of emissions allowances, as well as uncertainty over the future of the Environmental Protection Agency's Clean Power Plan. RGGI’s emission cap must extend at least until 2030 to provide certainty for market participants who are bracing for the end of the program currently slated for the end of 2020.

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Carbon Prices in RGGI Auction Slump to Lowest in Over Four Years, Reflecting Need for Reform

EnerKnol’s Visual Primer – Carbon Prices in RGGI Auction Slump to Lowest in Over Four Years, Reflecting Need for Reform

Carbon Markets, EnerKnol Research Reports, EnerKnol Visual Primer, Environmental Markets, PRODUCTS

Clearing prices in the June 2017 RGGI auction dropped to their lowest level in over four years, marking a sharp turn from the December 2015 auction which had reached a record high. The decline in prices can be attributed to uncertainty about the RGGI program after 2020 with regard to the future value of emissions allowances, as well as uncertainty over the future of the Environmental Protection Agency's Clean Power Plan. RGGI’s emission cap must extend at least until 2030 to provide certainty for market participants who are bracing for the end of the program currently slated for the end of 2020.

2017 State Legislative Action Calls for Greater Energy Diversity

Carbon Markets, Coal Power, Emissions, Energy Efficiency, Energy Storage, EnerKnol Research Reports, Environmental Markets, Fossil Fuels, Hydropower, Natural Gas, Nuclear Power, Oil, Power & Utilities, PRODUCTS, Renewables, Reports, Smart Grid, Solar Power, Wind Power

Legislation enacted across states in 2017 calls for greater diversity in power sources—from expanding renewables to supporting nuclear and natural gas infrastructure. However, there is a clear trend showing the intent to prioritize clean energy and climate policy. States in the forefront of grid modernization plans continue to support renewable development while others are following their models as a way to emulate effective policies.

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State Legislation Update: 6/2017

EnerKnol’s Visual Primer – State Legislation Update: 6/2017

Carbon Markets, Coal Power, Emissions, Energy Efficiency, Energy Storage, EnerKnol Research Reports, EnerKnol Visual Primer, Environmental Markets, Fossil Fuels, Hydropower, Natural Gas, Nuclear Power, Oil, Power & Utilities, PRODUCTS, Renewables, Reports, Smart Grid, Solar Power, Wind Power

Legislation enacted across states in 2017 calls for greater diversity in power sources—from expanding renewables to supporting nuclear and natural gas infrastructure. However, there is a clear trend showing the intent to prioritize clean energy and climate policy. States in the forefront of grid modernization plans continue to support renewable development while others are following their models as a way to emulate effective policies.

RGGI Examines Tightening Emissions Cap to Comply with Clean Power Plan

Carbon Markets, EnerKnol Research Reports, Environmental Markets, PRODUCTS

As part of their 2016 Program Review, member states of the Regional Greenhouse Gas Initiative (RGGI) are examining opportunities to link RGGI with the Clean Power Plan (CPP), such as altering or removing the program’s Cost Containment Reserve (CCR) to address oversupply of allowances while preserving a mechanism to prevent price volatility. The alignment of RGGI control periods with CPP interim step periods would facilitate market expansion, as RGGI is the primary CPP compliance mechanism for member states and continues to draw attention from non-RGGI states. As the legal fate of the CPP is still pending, with an outcome that will have notable implications on allowance prices, clarifications regarding RGGI’s post-2020 cap will help reduce regulatory uncertainty in the RGGI market.

MATS Impacted by Supreme Court Decision, but Likely to Survive

Carbon Markets, Coal Power, Emissions, EnerKnol Research Reports, Environmental Markets, Fossil Fuels, Power & Utilities, PRODUCTS

Key Takeaways: The Mercury and Air Toxics (MATS) rule represented one of the most significant air pollution regulations in U.S. history when it was announced in 2011 The Supreme Court rejected the rule, ruling that the EPA should have considered costs initially when assessing whether the rule was “appropriate and necessary” The specific nature of…...

EPA Announces New Emissions Standards for Trucks and Trailers

Biofuels, Carbon Markets, Electric Vehicles, Emissions, Energy Efficiency, EnerKnol Research Reports, EnerKnol Research Webcasts, Environmental Markets, Fossil Fuels, Oil, PRODUCTS, Solar Power

Key Takeaways: The 2013 Climate Action Plan called for new standards to advance fuel economy and emissions reductions in the transportation sector Proposed Phase 2 standards for medium- and heavy-duty vehicles aim to achieve 24 percent improvement in fuel efficiency by 2027 The new standards will spur advancements in trucking technology, resulting in substantial costs…...

Signed Energy Act Sets Tone for Upcoming Energy Legislation Debates

Biofuels, Carbon Markets, Coal Power, Electric Vehicles, Emissions, Energy Efficiency, Energy Storage, Environmental Markets, Fossil Fuels, Hydropower, Natural Gas, Nuclear Power, Oil, Power & Utilities, Renewables, Smart Grid, Solar Power, Wind Power1 Comment

Insight for Industry – Energy Efficiency Improvement Act Will Reduce Energy Demand The Energy Efficiency Improvement Act of 2015, which President Obama signed into law on April 30, will add momentum to falling energy consumption per capita in the United States by reducing energy demand from commercial buildings, manufacturing plants, and homes. The relatively uncontroversial…...

FERC Advances Oregon LNG Export Facility as Congress Moves to Fast-Track New Trade Legislation

Carbon Markets, Coal Power, Emissions, Energy Storage, Environmental Markets, Fossil Fuels, Natural Gas, Nuclear Power, Oil, Power & Utilities, Renewables1 Comment

Trans-Pacific Partnership would Open New Markets for U.S. LNG Export Projects Key Takeaways: U.S. shale gas boom created opportunities to export surplus natural gas to high price markets in Asia, but lengthy regulatory processes have weakened U.S. natural gas producers’ ability to compete with global markets The Trans Pacific Partnership (TPP) could facilitate western LNG…...