U.S. carbon markets drew strong participation in recent auctions reflecting potentially higher demand for carbon allowances in anticipation of more stringent federal and state climate policies. Washington is advancing a new cap-and-invest program, while Vermont is examining options for a similar initiative to cut transportation sector emissions.
The New York State Public Service Commission on April 14 approved the New York State Energy Research and Development Authority’s contracts for two transmission projects: Clean Path New York LLC’s Clean Path NY and H.Q. Energy Services (U.S.) Inc.’s Champlain Hudson Power Express. The projects will deliver solar, wind, and hydroelectric power from upstate New…...
Energy utilities across the U.S. are expanding opportunities for customers to participate in programs designed to reduce their carbon footprint. Green pricing options have been on the rise, encouraging consumers to meet a portion of their electricity needs from renewable energy resources. Carbon offset programs are becoming popular among natural gas utilities, allowing customers to compensate for their combustion-related emissions.
U.S. Senator Edward Markey (D-MA) introduced legislation on March 17, which aims to speed the development of clean energy by promoting competition, planning, transparency, and effective supervision of transmission networks. The bill titled Connecting Hard-to-Reach Areas with Renewable Powered Energy, or CHARGE, Act would establish reforms through the Federal Energy Regulatory Commission regulations or the…...
Discussion around the social cost of greenhouse gases has drawn increased interest following the Biden administration’s renewed focus on establishing the climate metric for federal agencies to incorporate in their policy decisions.
U.S. power generation from renewables will expand from 21 percent in 2021 to 44 percent in 2050, according to a March 18 report from the U.S. Energy Information Administration. The growth in renewable energy can be attributed to a rise in new wind and solar power generation assets. Growth in wind and solar assets is…...
The Infrastructure Investment and Jobs Act (IIJA), which represents the largest investment in U.S. infrastructure, includes major provisions important to the energy industry, ranging from building out the first national network of electric vehicle (EV) charging stations to modernizing the electric transmission grid and expanding clean energy.