Developments in U.S. carbon markets reflect new progress as states reinforce their commitment to emissions-trading programs despite receding federal climate action. Amid rising auction prices, states and regions are extending their programs beyond the next decade, signaling resilience and renewed confidence in market-based climate initiatives.
The Washington Department of Ecology on Sept. 10 reported that all available emissions allowances were sold in the state’s 11th quarterly carbon auction, underscoring market confidence. The auction raised an estimated $446 million, which includes $295 million for the state and $151 million to benefit utility ratepayers. This brings the total state proceeds close to…...
As the federal government rolls back vehicle emission standards and electric vehicle (EV) incentives, several states are advancing their own…Read the full report …...
As the federal government rolls back vehicle emission standards and electric vehicle (EV) incentives, several states are advancing their own measures to sustain zero-emission transportation goals.
The U.S. Environmental Protection Agency secured a favorable ruling on Sept. 2 from the U.S. Court of Appeals for the District of Columbia Circuit. The court ruled that EPA has the authority to terminate $20 billion in grants awarded under the Greenhouse Gas Reduction Fund, a program established by the 2022 Inflation Reduction Act. The decision…...
The U.S. offshore wind sector is navigating a shifting policy environment amid recent federal actions, which have slowed momentum and increased market uncertainty. These actions have led developers to…Read the full report…...
The U.S. offshore wind sector is navigating a shifting policy environment amid recent federal actions, which have slowed momentum and increased market uncertainty. These actions have led developers to reassess their timelines and commitments, rendering state efforts and long-term planning increasingly critical.
The 44th quarterly carbon auction held by California and Quebec sold all of the nearly 51.9 million carbon permits offered under the current auction at a price of $28.76 per allowance, above the floor price of $25.87, according to the results released on Aug. 27 by the California Air Resources Board. The current auction’s clearing…...
PJM Interconnection LLC and its stakeholders on Aug. 26 launched discussions under the Sub-Annual Capacity Market Senior Task Force, focusing on potential seasonal changes to its capacity market design. The group, created earlier this year by the PJM Markets and Reliability Committee, is tasked with evaluating sub-annual structures as the grid operator shifts away from…...
