Carbon Pricing – August 2023 Update
U.S. carbon markets demonstrated robust participation in recent auctions including Washington’s two consecutive auctions that sold out of carbon permits and raised over $850 million under…Read the full report …...
Policy Primer: Carbon Pricing – August 2023 Update
U.S. carbon markets demonstrated robust participation in recent auctions including Washington’s two consecutive auctions that sold out of carbon permits and raised over $850 million under the state’s cap-and-invest program launched this year. However, carbon-trading programs continue to face opposition in some jurisdictions over concerns of higher ratepayer bills.
Solar Represents 35 Percent of U.S. Utility-Scale Power Generating Capacity Added in First Half of 2023: EIA
During the first half of 2023, developers added 16.8 gigawatts of new electricity generating capacity to the U.S. electricity grid, according to an Aug. 8 report from the U.S. Energy Information Administration. Solar power represented the largest share of the new power generating capacity at 35 percent. Natural gas-fired generating capacity represented 34 percent and…...
U.S. Energy Department Invests $33 Million to Strengthen Research Capabilities in Underserved Regions
The U.S. Energy Department on July 26 announced $33 million to fund 14 clean-energy research projects, aiming to rectify the historical imbalance in federal scientific funding across the country. The diverse projects aim to cover crucial areas such as grid integration, renewable energy such as solar and wind energy, and advanced manufacturing. By promoting equitable…...
Visual Primer: Carbon Capture Momentum Hinges on Expanding Pipeline Network to Connect With Storage Locations
The deployment of carbon capture, utilization and storage (CCUS) technologies is expected to increase in the U.S., driven by federal and state initiatives to meet emissions reduction targets. Supportive policies, including $12 billion in funding from the…Read the full report …...
U.S. Interior Department Allocates $120 Million Funding to Enhance Tribal Climate Resilience
The U.S. Interior Department on July 19 announced the allocation of $120 million in funding as part of President Biden’s Investing in America agenda, forming a part of a larger $440 million investment for Tribal climate resilience programs. The funding aims to assist Tribal communities in combating severe climate-related environmental challenges in their homelands through…...
U.S. Energy Department Allots $72 Million to 296 Projects for Clean Energy Technological Breakthroughs
The U.S. Energy Department has announced $72 million to small-scale businesses for scientific projects related to clean energy and climate change. In total, 296 projects will receive funding across 44 states encompassing a wide range of focus areas, including renewable energy, nuclear energy, cybersecurity, advanced materials and manufacturing, microelectronics, and artificial intelligence. This investment will…...