ENVIRONMENTAL MARKETS

Carbon Markets Thrive as States Brush Aside Trump and Take Lead on Climate

Carbon Markets Thrive as States Brush Aside Trump and Take Lead on Climate

Carbon Markets, EnerKnol Research Reports, Environmental Markets, PRODUCTS

With the federal government’s U-turn on climate policy, states are taking the lead in regulating greenhouse gas emissions. Specifically, carbon trading is gaining traction as more jurisdictions are joining cap-and-trade markets.The two regional blocs in the U.S., California, Quebec, and Ontario’s cap-and-trade system and the Regional Greenhouse Gas Initiative (RGGI) involving nine Northeastern states, recently outlined their plans after 2020 ending uncertainty about their medium-term future.

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Carbon Markets Thrive as States Brush Aside Trump and Take Lead on Climate

EnerKnol’s Visual Primer – Carbon Markets Thrive as States Brush Aside Trump and Take Lead on Climate

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

With the federal government’s U-turn on climate policy, states are taking the lead in regulating greenhouse gas emissions. Specifically, carbon trading is gaining traction as more jurisdictions are joining cap-and-trade markets.The two regional blocs in the U.S., California, Quebec, and Ontario’s cap-and-trade system and the Regional Greenhouse Gas Initiative (RGGI) involving nine Northeastern states, recently outlined their plans after 2020 ending uncertainty about their medium-term future.

Virginia Approves Cap-and-Trade Plan and Moves to Join RGGI

Virginia Approves Cap-and-Trade Plan and Moves to Join RGGI

Carbon Markets, EnerKnol Research Reports, Environmental Markets, PRODUCTS

The Virginia Air Pollution Control Board has approved a proposal to reduce power sector carbon dioxide emissions by 30 percent between 2020 and 2030. The proposal would link Virginia with the Regional Greenhouse Gas Initiative (RGGI), the nation’s first mandatory cap-and-trade program. The proposal is consistent with RGGI’s recently announced proposed improvements that caused a rebound in allowance prices in the September auction. With member states in agreement over the program's post-2020 path, RGGI is likely in for a boost that could see both price increases in future auctions and additional states joining the group.

Virginia Approves Cap-and-Trade Plan and Moves to Join RGGI

EnerKnol’s Visual Primer – Virginia Approves Cap-and-Trade Plan and Moves to Join RGGI

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

The Virginia Air Pollution Control Board has approved a proposal to reduce power sector carbon dioxide emissions by 30 percent between 2020 and 2030. The proposal would link Virginia with the Regional Greenhouse Gas Initiative (RGGI), the nation’s first mandatory cap-and-trade program. The proposal is consistent with RGGI’s recently announced proposed improvements that caused a rebound in allowance prices in the September auction. With member states in agreement over the program's post-2020 path, RGGI is likely in for a boost that could see both price increases in future auctions and additional states joining the group.

Trump's EPA Trashes Global Benefits of Carbon Cuts in Repeal of Obama Climate Rule

Trump’s EPA Trashes Global Benefits of Carbon Cuts in Repeal of Obama Climate Rule

Emissions, EnerKnol Research Reports, Environmental Markets, PRODUCTS

In its proposal to repeal the Clean Power Plan (CPP), the Environmental Protection Agency (EPA) has devalued the social cost of carbon (SCC) and disregarded the global benefits from the CPP. Following President Trump’s executive order rescinding the SCC, this approach could be used to revisit existing environmental rules. Despite the pushback on carbon pricing at the federal level, states are increasingly using the social cost of carbon as a metric to measure and reduce their climate impacts.

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Trump's EPA Trashes Global Benefits of Carbon Cuts in Repeal of Obama Climate Rule

EnerKnol’s Visual Primer – Trump’s EPA Trashes Global Benefits of Carbon Cuts in Repeal of Obama Climate Rule

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

In its proposal to repeal the Clean Power Plan (CPP), the Environmental Protection Agency (EPA) has devalued the social cost of carbon (SCC) and disregarded the global benefits from the CPP. Following President Trump’s executive order rescinding the SCC, this approach could be used to revisit existing environmental rules. Despite the pushback on carbon pricing at the federal level, states are increasingly using the social cost of carbon as a metric to measure and reduce their climate impacts.

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.