Recent developments in U.S. carbon markets highlight a changing landscape marked by fluctuating auction prices, new initiatives, and regulatory reviews.
The California Energy Commission on Sep.11 adopted the 2025 Building Energy Efficiency Standards for new and renovated buildings as well as certain existing buildings. The updates include requirements for heat pumps and electric-ready buildings and stricter ventilation standards for improving air quality. The commission estimates that the new building energy standard will lead to cost…...
The U.S. Environmental Protection Agency on Sept. 5 announced the selection of 34 projects that will receive $300 million in federal funding to tackle climate issues in Tribal nations and a U.S. territory. The funding is part of the Climate Pollution Reduction Grants, or CPRG, program established by the 2022 Inflation Reduction Act to fund…...
The U.S. Interior Department on Sep. 5 announced its approval of US Wind’s Maryland Offshore Wind Project, which has the potential to generate 2 gigawatts (GW) of renewable energy for the Delmarva Peninsula and supply more than 718,000 homes. This marks the tenth commercial-scale offshore wind project approved under the Biden administration. With this, the…...
The U.S. Interior Department on Aug. 29 announced that it will hold an offshore wind energy lease sale off southern Oregon. The auction, scheduled for Oct. 15, includes two areas that have the potential to generate over 3.1 gigawatts (GW) of renewable energy and supply about one million homes. The announcement follows a series of…...
Despite facing hurdles, the U.S. offshore wind industry continues to make progress. The Vineyard Wind project off Massachusetts is under investigation after a turbine blade failure, and a Gulf of Mexico lease auction has been canceled due to…Read the full report…...
Despite facing hurdles, the U.S. offshore wind industry continues to make progress. The Vineyard Wind project off Massachusetts is under investigation after a turbine blade failure, and a Gulf of Mexico lease auction has been canceled due to a lack of interest. Nevertheless, ambitious plans to expand the industry are moving forward, including the implementation of the first floating offshore wind research lease and California’s plan to procure 7.6 gigawatts (GW) of capacity.
The U.S. Energy Department has released a resource hub providing a suite of tools to support private and public stakeholders in fulfilling increasing electricity demand, while maintaining grid reliability, security, and affordability. Electricity demand is expected to increase significantly over the next decade driven by the domestic manufacturing sector, growing electrification, the increase in artificial…...
Amid ongoing improvements to interconnection processes across the U.S., current queue backlogs and the rapid increase in…Read the full report …...
The California Public Utilities Commission on Aug. 22 issued a decision establishing a novel centralized strategy to procure clean energy and accelerate the state’s efforts to achieve emissions reduction targets for 2045 and beyond. The decision, which determines the need for centralized procurement of long lead-time resources, intends to streamline the process of securing diverse…...
