Pennsylvania Set to Join Regional Carbon Market to Cut Power Sector Emissions

Democratic Governor Tom Wolf issued an executive order on Oct. 3, directing the Pennsylvania Department of Environmental Protection to develop rules to join the Regional Greenhouse Gas Initiative, or RGGI, a nine-state compact that established the nation’s first mandatory emissions trading program. The move is significant in that it would bring a major fossil fuel…

EnerKnol’s State Policy Playbook: California’s Quest for Clean Energy

California’s energy landscape is evolving rapidly driven by its ambitious clean energy and carbon reduction goals. Recent actions range from enhancing renewable integration to reforming carbon market rules, strengthening auto-emission standards, and revising energy efficiency policies.

California’s Climate Spending Surpassed $900 Million in First Half of 2019: CARB

California’s Climate Investments initiative has grown to include over 20 state agencies involved in the development and implementation of 60 programs focused on reducing climate pollution, according to an Aug. 26 press release from the Air Resource Board. The program funded $914 million in projects during the first six months of this year, compared to…

California-Quebec Carbon Auction Signals Steady Market With Permits Sold Out

The twentieth quarterly carbon auction held by California and Quebec sold all of the nearly 66.3 million carbon permits offered for current emissions at a price of $17.16 per credit, above the floor price of $15.62, according to the results released on Aug. 27 by the California Air Resources Board. This is slightly below the…

EnerKnol’s Visual Primer – Carbon Emission Pricing in the U.S.: State of Play in 2019

As legislatures adjourn, U.S. states take stock of their progress on expanding clean energy and climate policies. Measures to tackle greenhouse gas emissions have long been a political lightning rod, but mechanisms like carbon pricing are coming up more regularly in legislative sessions and evolving to play a key role in the shift to a low-carbon economy.

Progressive Cap-and-Trade Climate Policy Moves Closer to Final Vote in Oregon

Legislation creating an ambitious cap-and-trade program in Oregon cleared a key committee on June 12 and is scheduled for a House vote on Monday. If passed, the bill would make Oregon the second state after California to adopt the market-based approach to slashing greenhouse gas emissions causing climate change. Democrats currently hold a trifecta in…

California-Quebec Carbon Auction Sells Out, Allowances Clear at Record Highs Signalling Market Stability

The nineteenth quarterly carbon auction held by California and Quebec sold all of the more than 66 million carbon permits offered for current emissions at a record-high $17.45 per credit, above the floor price of $15.62, according to the results released on May 22 by the California Air Resources Board. The auction also sold 100…

New Hampshire Approves Bill to Adopt Revised Regional Carbon Market Rules

The New Hampshire legislature passed a measure on May 8 amending regulations governing the state’s participation in the Regional Greenhouse Gas Initiative, or RGGI, to be consistent with the program’s updated model rule adopted in December 2017. The nine-state compact established the nation’s first mandatory emissions trading program. The bill revises the statewide budget allowance,…

Virginia Governor Vetoes Bill Preventing Participation in Regional Carbon-Trading Program

Democratic Governor Ralph Northam vetoed legislation on March 14 that would prohibit the state from joining a regional carbon program to reduce power plant emissions, without a two-thirds majority vote from both the legislative chambers. Northam also vetoed a similar bill related to limiting emissions from vehicles, saying that the measures violate the state constitution…

California-Quebec Carbon Auction Sells Out, Reflects Steady Demand Amid PG&E Uncertainty

The eighteenth quarterly carbon auction held by California and Quebec sold all 80,847,404 carbon permits offered for current emissions at $15.73, above the floor price of $15.62, according to the results released on Feb. 27 by the California Air Resources Board. The auction sold about 66 percent of the permits offered for 2022 emissions at…...

Virginia Legislature Passes Bill Aimed at Blocking Participation in Regional Carbon-Trading Program

The Virginia legislature approved a bill that would prohibit the governor or any state agency from participating in a regional carbon market, without a two-thirds majority vote from both the legislative chambers. The state is considering its own proposed cap-and-trade rule designed to link with the nine-state Regional Greenhouse Gas Initiative, or RGGI, the nation’s…...