EMISSIONS

California Carbon Auction Results Reflect Lingering Market Volatility

Emissions, EnerKnol Research Reports, Environmental Markets, PRODUCTS

Results of California’s February 2017 quarterly carbon auction continue to reflect overall market volatility over the past year, due to the ambiguity over the post-2020 cap-and-trade program and pending litigation over the program’s legality. A resolution of legal uncertainties and clarity over the future direction of the cap-and-trade program will increase market activity as participants perceive greater certainty.

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California Carbon Auction Results Reflect Lingering Market Volatility

EnerKnol’s Visual Primer – California Carbon Auction Results Reflect Lingering Market Volatility

Blog, Emissions, EnerKnol Research Reports, Environmental Markets, PRODUCTS

Results of California’s February 2017 quarterly carbon auction continue to reflect overall market volatility over the past year, due to the ambiguity over the post-2020 cap-and-trade program and pending litigation over the program’s legality. A resolution of legal uncertainties and clarity over the future direction of the cap-and-trade program will increase market activity as participants perceive greater certainty.

EPA Updates Cross State Air Pollution Rule to Comply with Stricter 2008 Ozone Standard

Emissions, EnerKnol Research Reports, Environmental Markets, PRODUCTS

The Environmental Protection Agency (EPA) has issued the Cross-State Air Pollution Rule Update establishing new ozone season NOX emission budgets for electric generating units in 22 eastern states that impair downwind states’ ability to meet the 2008 ozone standard. The rule will be implemented through the existing ozone season NOX trading program starting from the 2017 ozone season (May through September).

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Enerknol’s Visual Primer – EPA Updates Cross State Air Pollution Rule to Comply with Stricter 2008 Ozone Standard

Blog, Emissions, EnerKnol Research Reports, Environmental Markets, PRODUCTS

The Environmental Protection Agency (EPA) has issued the Cross-State Air Pollution Rule Update establishing new ozone season NOX emission budgets for electric generating units in 22 eastern states that impair downwind states’ ability to meet the 2008 ozone standard. The rule will be implemented through the existing ozone season NOX trading program starting from the 2017 ozone season (May through September).

California Passes Legislation to Extend Climate Policy Beyond 2020

Emissions, EnerKnol Research Reports, Environmental Markets, PRODUCTS

The California Legislature has passed SB 32, which extends the state’s climate policies through 2030, and its companion bill AB 197, which increases legislative oversight of the California Air Resources Board (CARB). The passed measures set the stage for additional requirements to reshape the mix of market and regulatory mechanisms to further renewable energy, building energy efficiency, and vehicle electrification.

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California Proposes CPP Compliance Based on Existing Cap-and-Trade Scheme

Emissions, EnerKnol Research Reports, Environmental Markets, PRODUCTS

The California Air Resources Board (CARB) has issued a proposal to comply with the Clean Power Plan (CPP) based on California’s existing cap-and-trade program, together with complementary state policies, such as renewable fuel standards and energy efficiency requirements. The action makes California the first state to forge ahead with CPP implementation efforts despite pending judicial review and adds momentum to integrating existing market-based emissions programs as an efficient way to comply with the CPP.

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Court Stay of Regional Haze Rule Adds to Judicial Scrutiny of EPA Authority

Emissions, EnerKnol Research Reports, Environmental Markets, PRODUCTS

On July 15, 2016 the U.S. Court of Appeals for the Fifth Circuit granted a stay of the Environmental Protection Agency’s (EPA) regional haze rule for Texas and Oklahoma pending judicial review. The decision questions the Agency’s ability to claim that regional rules have national scope and adds to the list of pending litigations against EPA regulations, most notably, the Supreme Court’s February action granting a stay of the Clean Power Plan (CPP) which set carbon dioxide regulations for existing fossil fuel-fired power plants. Ongoing litigations highlight increasing judicial scrutiny of EPA regulations due to accusations of overreach and failure to properly consider costs and impacts of proposed or finalized rules.

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Supreme Court Halts Clean Power Plan Over Concerns Of EPA Overreach

Emissions, EnerKnol Research Reports, Environmental Markets, PRODUCTS

The Supreme Court’s unprecedented move to halt the Clean Power Plan is a major setback to a rule that forms the centerpiece of President Obama’s broader plan to address climate change and reflects the Court’s concerns over EPA overreach. State utility regulators now have to carefully decide whether to suspend or pursue compliance planning efforts given uncertainties over the outcome of the judicial review. Climate change, which has traditionally drawn little attention from voters, is likely to become a prominent factor in the 2016 presidential election.

Obama Administration Seeks Safeguards for Energy Reforms

Emissions, EnerKnol Research Reports, Environmental Markets, PRODUCTS

Key Takeaways: President Obama emphasized progress his Administration has made in renewable energy growth and climate action in his 2016 State of the Union address Newly proposed reforms to the federal government’s management of oil and coal resources would impose additional costs to reflect environmental impacts The Obama Administration is determined to safeguard climate policy…...

Record RGGI Carbon Auction Price Reflects Increasing Market Confidence

Emissions, EnerKnol Research Reports, Environmental Markets, PRODUCTS

Key Takeaways: The Regional Greenhouse Gas Initiative’s (RGGI) latest auction sold allowances at a record high price of $7.50 each, reflecting sound market operation Rising allowance prices signify the potential for developing carbon offset projects to meet RGGI emissions reduction requirements RGGI’s power sector-focused program is increasingly recognized for its compatibility with the Environmental Protection…...