Carbon Markets

California Climate Bills Could Set Precedent for Emissions Policies in Other States

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 Challenge EPA’s Office of Air and Radiation on Clean Power Plan Along Party Lines

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…...

The 2015 Political Landscape Will Have Far-Reaching Energy Industry Implications

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,…...

SOTU 2015: Resolute Call for Climate Action

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…...

California Governor Outlines 2030 Renewable Energy Goals

The proposed increase to 50 percent by 2030 could also result in indirect boost to energy storage industries. In his inaugural address on January 5, 2015, California Governor Edmund G. Brown Jr. proposed new initiatives to expand the state’s emissions reduction efforts under the AB 32 climate law and establish the next set of objectives…...

New York RFP for Emissions Reduction Technologies Could Advance Regional, Nationwide Goals

$14.5M in funding supports market-ready emissions reduction technologies and is part a larger pool of more than $400M of Regional Greenhouse Gas Initiative (RGGI) proceeds that could help moderate future RGGI auction prices. On December 30, 2014, the New York State Energy Research and Development Authority (NYSERDA) announced $14.5M in funding to support market-ready technologies…...

California and Québec Release Joint Carbon Auction Results

California and Québec have released the results of the first joint carbon auction under their integrated cap-and-trade emissions trading platform. On December 3, 2014, the California Air Resources Board (CARB) and the Ministry of Sustainable Development, Environment, and the Fight against Climate Change (MDDELCC) released the results of their first joint carbon allowance auction held…...

California and Quebec Release Joint Carbon Auction Results

California and Quebec have released the results of the first joint carbon auction under their integrated cap-and-trade emissions trading platform. On December 3, 2014, the California Air Resources Board (CARB) and the Ministry of Sustainable Development, Environment, and the Fight against Climate Change (MDDELCC) released the results of their first joint carbon allowance auction held…...

RGGI Highlights Benefits of EPA’s Clean Power Plan Proposal

RGGI’s comments on EPA’s Clean Power Plan proposal highlight the potential for state economic growth and clean energy innovation. On November 7, 2014, the Regional Greenhouse Gas Initiative (RGGI) members – Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New York, Rhode Island, and Vermont – released a report on their comments supporting the Environmental Protection…...

California-Quebec Announce First Joint Carbon Auction

California and Quebec will hold the first carbon auction under their integrated cap-and-trade emissions trading platform on November 19. On September 18, 2014, the California Air Resources Board (CARB) and the Quebec Ministry of Sustainable Development, Environment and Fight against Climate Change (MDDELCC) announced the first joint carbon auction under their linked cap-and-trade program is scheduled…...