Carbon Markets
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…...
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…...
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…...
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…...
Insight for Industry – RGGI Market Gaining Stability The Regional Greenhouse Gas Initiative’s (RGGI) first quarterly auction of 2015 (Auction 27) results indicate a stable market design as compliance entities purchased all allowances and the clearing price remained below the Cost Containment Reserve (CCR) threshold. Despite high overall demand, zero non-compliance (solely financial market) entity…...
Distributed System Platform to Facilitate New Resource Integration The marketplace envisioned under the New York Public Service Commission’s (PSC) Reforming the Energy Vision (REV) proceeding targets efficient development of distributed energy resources (DERs). In its REV Track One regulatory framework issued on February 26, 2015, the New York PSC determined that utilities will perform the…...
Incumbent Utilities will act as Distributed System Platform Providers New York Public Service Commission (PSC) and Department of Public Service (DPS) staff has deemed incumbent utilities as the best entities to develop new distributed system platforms (DSPs) under the Reforming the Energy Vision (REV) proceeding. The proceeding aims to reorient New York’s electric industry and…...
State and Regional Regulators Voice CPP Concerns at FERC and NARUC Meetings This past week, states and industry stakeholders directly voiced questions, concerns, support and opposition for the Environmental Protection Agency’s (EPA) proposed emissions reductions from existing power plants. On February 19, 2015, the Federal Energy Regulatory Commission (FERC) held its first of four technical…...
California Senators Propose to Increase State’s Renewable Energy Targets in Support of Governor’s 50-50-50 Goal On February 10, 2015, California Democrat Senator Kevin de León publicly announced four bills as part of the California Climate Leadership bill package to support the state’s Renewable Portfolio Standard (RPS) and establish objectives beyond its 2020 emissions reduction targets…....
Senators in the Environmental and Public Works Committee presented dueling cost-benefit arguments for the climate change mitigation proposal that split between Republicans and Democrats, despite widespread state opposition to the rule. The Environmental Protection Agency (EPA) released the Clean Power Plan (CPP) proposal on June 2, 2014, to address greenhouse gas emissions (GHG) from existing…...
EPA emissions rules and legislative actions will impact every aspect of the energy value chain in 2015 Key Takeaways: Policies impacting energy independence and associated environmental impacts are coming head-to-head at the federal level Legislators will aim to settle long-debated oil and gas infrastructure and export bills and will use legistive authorities to delay, defund,…...
In his State of the Union Address, the President made a forceful call for climate action, asserting that the U.S. will double its emissions reduction pace. In his State of the Union (SOTU) speech on January 20, 2015, President Obama made a resolute call for climate action, stating that no challenge poses a greater threat…...