ENVIRONMENTAL MARKETS
More than 23,000 buildings across the U.S. have earned EPA’s Energy Star Certification, saving more than $3.1B on utility bills. On April 10, 2014, the Environmental Protection Agency (EPA) released the sixth annual list of top 25 U.S. cities with the most Energy Star certified buildings. The cities demonstrate economic and environmental benefits achieved from…...
California has approved the first forest carbon offset project under the cap-and-trade compliance forestry protocol. On April 9, 2014, the California Air Resources Board (CARB) announced approval of the first forest carbon offset project – the Yurok Tribe/Forest Carbon Partners CKGG Improved Forest Management Project – under California’s cap-and-trade forestry offset protocol. CARB issued 836,619…...
DOE has released a five-year Strategic Plan outlining priorities to address the nation’s energy, security, economic, and environmental challenges. On April 7, 2014, the Department of Energy (DOE) released its Strategic Plan for 2014-2018 to advance its mission of enhancing U.S. security and economic growth through transformative science, technology, and market solutions to address energy,…...
The House has passed a bill aimed to enhance the National Oceanic and Atmospheric Administration’s prioritization for weather forecast and modeling. On April 1, 2014, the House of Representatives passed the 2014 Weather Forecasting Improvement Act (H.R. 2413) aimed to enhance U.S. weather forecast and modeling. The bill, introduced by Rep. Jim Bridenstine (R-OK) in…...
On February 19, 2014, the California Air Resources Board (CARB) held its sixth carbon allowance auction. Auction results over the first year show that compliance entities are becoming more comfortable with program and that investor market confidence is growing. Similarly, a secondary allowance market is also developing as market confidence grows. Overview The California Air…...
On March 4, 2014, the Regional Greenhouse Gas Initiative (RGGI) held the first carbon allowance auction under the new Model Rule. Auction prices reached record levels and high market participation and allowance demand exhausted the 5 million allowance Cost Containment Reserve. Overview The Regional Greenhouse Gas Initiative (RGGI) is the nation’s first mandatory market-based cap-and-trade…...
For the first time, EPA has secured a bond to satisfy future Clean Air Act violations. On March 27, 2014, the Environmental Protection Agency (EPA) announced a settlement agreement with American Lifan Industry, Inc., an Ontario, California-based vehicle and engine importer for illegally importing and selling approximately 28,000 China-made vehicles and engines that did not…...
The New York Power Authority has released its updated strategic plan outlining actionable initiatives to attain a transformed energy system. On March 26, 2014, the New York Power Authority (NYPA) released its Strategic Vision 2014-2019, an updated strategic plan aimed to boost economic growth by providing more value to NYPA customers. Through the plan, NYPA…...
Despite the 2011 Fukushima Daiichi Nuclear Power Plant disaster, U.S. nuclear energy research and development continues undeterred. Despite new plant construction, nuclear energy byproduct storage and disposal remains a highly-debated topic in congress. Overview For the first time in more than 30 years, new nuclear reactors are under construction in the U.S. The construction consists…...
The Whitehouse has launched the Climate Data Initiative to expand access to federal climate data resources to strengthen community climate-resilience. On March 19, 2014, the White House launched the Climate Data Initiative to leverage climate-relevant government data resources to stimulate private-sector entrepreneurship and forge cross-sector partnerships for developing innovative climate-resilience tools. The initiative, part of…...
The traditional electricity power grid is undergoing a historic shift with the emergence of decentralized power generation. The Federal Energy Regulatory Commission (FERC) is charged with overseeing complex state, regional, and local transmission laws and regulatory environments, which can vary significantly. This variance, combined with a more open transmission project market may lead to increased…...
On March 4th, 2014 New York Power Authority (NYPA) released the first Build Smart New York (BSNY) Program Progress Report. In December 2012 Governor Cuomo created the BSNY program via Executive Order 88 (E.O. 88), mandating all New York State agencies to improve energy efficiency in buildings 20% by April 2020. The order directs New…...