Securities and Exchange Commission Proposes Changes to Enhance Climate-Related Disclosures for Investors

Securities and Exchange Commission Proposes Changes to Enhance Climate-Related Disclosures for Investors

The Securities and Exchange Commission on March 21 recommended rule amendments that would compel registrants to incorporate specific climate-associated disclosures in their registration records and periodic accounts. These disclosures pertain to details about climate-related risk that could have a quantifiable effect on their business, outcomes of operations or financial conditions, and certain related financial statement…...

EnerKnol Research PU Visual Primer Social Cost of Carbon

Visual Primer: Biden Administration Renews Focus on Social Cost of Carbon to Further Climate Action

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. Renewable Generation Capacity to More Than Double in 2050: EIA

U.S. Renewable Generation Capacity to More Than Double in 2050: EIA

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…...

Virginia Pollution Control Board Endorses Stricter Power Plant Emissions Rule as State Moves to Join Regional Carbon Market

Appeals Court Restores Biden Administration’s Climate Metric

The fifth Circuit Court of Appeals on March 16 stayed a district judge’s injunction against the use of the social cost of carbon, or SCC, estimates that federal agencies were directed to incorporate in their environmental analyses of major actions pursuant to an executive order that President Joe Biden issued in January 2021. Three-judge panel…...

U.S. Energy Department Awards $32 Million for Next-Generation Building Retrofit Projects

U.S. Energy Department Awards $32 Million for Next-Generation Building Retrofit Projects

The U.S. Energy Department on March 14 announced a $32 million grant to fund over thirty projects aimed at improving affordable housing technology. The seven recipients will pilot renovation methods that reduce disruptions to residents while advancing the energy and environmental execution of buildings speedily, inexpensively, and efficiently. These techniques include prefabricating walls and replacing…...

New England Capacity Auction Prices Rebound from Record Lows

New England Capacity Auction Procures Adequate Resources for 2025-2026

New England’s annual capacity auction ended with adequate power system supplies to satisfy peak demand in 2025-2026, with clearing prices ranging from $2.531 to $2.639 per kilowatt month across various pricing zones. The value of the capacity market in 2025-2026 will be about $1.04 billion, according to preliminary estimates in the results released on March…...

RGGI Carbon Auction Generates $294 Million – EnerKnol

RGGI Carbon Auction Clears at Record High Prices, Generates $294 Million

The 55th quarterly carbon auction of the Regional Greenhouse Gas Initiative, or RGGI, the nation’s first market-based emissions regulation program, sold all of the nearly 21.8 million CO2 allowances offered at a record high clearing price of $13.50, according to the results released on March 11. Bids ranged from $2.44 to $30.00 per allowance with…...

Rover Pipeline Gets FERC Approval to Increase Natural Gas Transportation Capacity

Court Remands FERC’s Environmental Review of Tennessee Gas Project

The U.S. Court of Appeals for the District of Columbia Circuit on March 11 ruled that the Federal Energy Regulatory Commission inadequately examined downstream emissions when it authorized Tennessee Gas Pipeline Co.’s natural gas pipeline expansion project in Massachusetts. The court found that the commission’s environmental assessment failed to account for the reasonably foreseeable indirect…...

Biden Administration Approves $40 million to Lower Energy Costs

New York Examines Criteria to Prioritize Emissions Reductions in Disadvantaged Communities

The New York Department of Environmental Conservation on March 9 released draft criteria for identifying disadvantaged communities to guide the state’s equitable implementation of the 2019 Climate Leadership and Community Protection Act. The draft provides an interactive map and a list of communities as well as criteria to direct initiatives that cut emissions, open economic…...

EPA Proposes Plan to Limit Cross-State Smog Pollution

EPA Proposes Plan to Limit Cross-State Smog Pollution

The U.S. Environmental Protection Agency on March 11 proposed federal implementation plans for 26 states to ensure that they meet the Clean Air Act’s “good neighbour provision,” by reducing air pollution that impairs the ability of downwind states to meet their 2015 ozone standards. From 2023, the agency proposes to include electric generating units in…...

EnerKnol Research PU Visual Primer Infrastructure Bill 2022 03 15 Blog preview

Visual Primer: Follow the Money – Infrastructure Disbursement Machine Takes Shape

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.