EnerKnol Research PU Visual Primer Carbon Markets 2024 12 17 Blog preview

Visual Primer: Carbon Market Developments Drive Momentum for U.S. Climate Policy

Carbon Markets, Climate Change and Emissions, EnerKnol Impact-Misc Categories, EnerKnol Impacts, EnerKnol Research Reports, EnerKnol Visual Primer, Environmental Markets, Integrated Resource Plans, PRODUCTS, REC Feed, Retail Power and Gas, Solar, Wind

U.S. carbon markets are experiencing a resurgence as key states reinforce their commitment to cap-and-trade systems despite hurdles. Washington's latest carbon auction saw prices rebound following voter support for its program, while a court ruling has invalidated the controversial withdrawal of Virginia from the regional carbon market. Meanwhile, progress in California, Québec, and Washington toward potential program linkage signals a move toward greater market integration, setting the stage for more robust and scalable climate solutions nationwide.

Utility Power Shutoffs

Midcontinent Grid Operator Announces Approval of $30 Billion Transmission Expansion Plan

Climate Change and Emissions, Electric Transmission, EnerKnol Impact-Misc Categories, EnerKnol Impacts, EnerKnol Pulse, Grid Modernization, PRODUCTS

The Midcontinent Independent System Operator (MISO) Board of Directors on Dec. 12 approved the 2024 MISO Transmission Expansion Plan, a grid expansion plan with a portfolio consisting of 488 transmission projects totaling $30 billion. The projects cover 5,000 miles of transmission lines across 15 states and aim to strengthen grid reliability in the face of…...

washington 8th carbon auction

Washington’s Carbon Auction Prices Rebound

Carbon Market, Climate Change and Emissions, EnerKnol Impact-Misc Categories, EnerKnol Impacts, EnerKnol Pulse, PRODUCTS

The eighth quarterly auction of greenhouse gas allowances under Washington’s cap-and-invest program sold all allowances offered, with current vintage allowances settling at $40.26 per allowance, which is nearly 35 percent higher compared to the previous auction, according to the results released on Dec. 11 by the state’s Department of Ecology. The surge in auction prices…...

Pacific Gas and Electric Proposes Subscription Pricing for Commercial Electric Vehicles to Boost Investment

California Approves $1.4 Billion Zero-Emission Vehicle Infrastructure Plan

Climate Change and Emissions, Electric Transmission, Electric Vehicles, EnerKnol Impact-Misc Categories, EnerKnol Impacts, EnerKnol Pulse, PRODUCTS

The California Energy Commission on Dec. 11 approved a $1.4 billion plan to invest in zero-emission vehicle infrastructure in the next four years through the state’s Clean Transportation Program. The plan, aimed to help install electric vehicle charging systems for nearly 17,000 light-duty EVs, will distribute the funding through competitive grants. The funding will support…...

Potomac Electric Power Unveils $15 Million Electric Vehicle Program for DC Customers

U.S. EPA Announces Over $735 Million Funding for Zero-Emission Heavy-Duty Vehicles

Climate Change and Emissions, Electric Vehicles, EnerKnol Impact-Misc Categories, EnerKnol Impacts, EnerKnol Pulse, PRODUCTS

The U.S. Environmental Protection Agency on Dec. 11 announced over $735 million in funding through its first Clean Heavy-Duty Vehicles Grant Program to deploy over 2,400 heavy-duty zero-emission vehicles (ZEVs) across several states and Tribal Nations. The agency made 70 tentative selections, covering nearly 30 states and three tribal nations to receive funding for heavy-duty…...

U.S. Development Bank Ends Ban on Financing Nuclear Power Projects

U.S. Energy Department Selects Six Companies to Procure Domestic Low-Enriched Uranium

Climate Change and Emissions, EnerKnol Impact-Misc Categories, EnerKnol Impacts, EnerKnol Pulse, Nuclear, PRODUCTS

The U.S. Energy Department on Dec. 10 announced the selection of six  companies to procure domestic Low-Enriched Uranium or LEU. The department will sign contracts with American Centrifuge Operating LLC, General Matter Inc., Global Laser Enrichment LLC, Louisiana Energy Services LLC, Laser Isotope Separation Technologies Inc., and Orano Federal Services LLC. The minimum value of…...

U.S. Agriculture Department Announces $100 Million to Expand Biofuel Availability

U.S. Energy Department Announces $52 Million to Support Clean Energy Bioeconomy

Climate Change and Emissions, EnerKnol Impact-Misc Categories, EnerKnol Impacts, EnerKnol Pulse, PRODUCTS

The U.S. Energy Department on Dec. 10 announced $52 million in funding for six university and industry projects to develop purpose-grown energy crops with low carbon intensity intended for biofuels like Sustainable Aviation Fuel, or SAF, and other bioproducts. These initiatives will bolster the domestic supply chain of alternative carbon sources vital for producing biofuels…...

U.S. Energy Department Announces $225 Million Program to Encourage Adoption of Efficient Building Codes

U.S. Energy Department Announces Conditional Commitment of Over $300 Million to Thermal Energy Storage Company

Climate Change and Emissions, Energy Storage, EnerKnol Impact-Misc Categories, EnerKnol Impacts, EnerKnol Pulse, PRODUCTS

The U.S. Energy Department on Dec. 9 announced a conditional commitment for a loan guarantee of up to $305.54 million for Nostromo Energy’s Project IceBrick, which involves thermal energy storage installations at commercial buildings in California. During its lifetime, the project could help California’s commercial buildings avoid around 500,000 tonnes of carbon emissions. Once operating…...

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U.S. Treasury Finalizes Investment Tax Credit Rules

Climate Change and Emissions, Energy Storage, EnerKnol Impact-Misc Categories, EnerKnol Impacts, EnerKnol Pulse, PRODUCTS, Solar, Wind

The U.S. Department of the Treasury and the Internal Revenue Service have released final rules for the Section 48 Investment Tax Credit, or ITC, providing clarity and certainty for clean energy development to pursue major investments. The final rules clarify specific issues relating to offshore wind, hydrogen storage, co-located energy storage, and  geothermal heat pumps…....

rggi 66

RGGI Carbon Auction Prices Fall by 22 Percent

Carbon Market, Climate Change and Emissions, EnerKnol Impact-Misc Categories, EnerKnol Impacts, EnerKnol Pulse, PRODUCTS

The 66th quarterly carbon auction of the Regional Greenhouse Gas Initiative, or RGGI, the nation’s first market-based emissions regulation program, sold nearly 16 million CO2 allowances at a clearing price of $20.05, according to results released on Dec. 6. The auction generated nearly $320 million bringing total proceeds to about $8.6 billion. The latest clearing…...