Policy Primer: Carbon Pricing June 2025 Update
Recent carbon market auctions have delivered mixed results underscoring the growing impact of federal policy shifts on regional emissions trading programs.
Washington’s Carbon Auction Proceeds Surpass $3 Billion
The Washington Department of Ecology on June 11 reported that all available emissions allowances were sold in the state’s tenth quarterly carbon auction, reinforcing the program’s stability and effectiveness. With this auction, total revenue generated for climate-focused initiatives has now reached nearly $3.2 billion since the program was launched in early 2023. The latest auction…...
Atlantic Shores Seeks Termination of 1.5-Gigawatt Offshore Wind Contract Amid Federal Permitting Delays
Atlantic Shores Offshore Wind has filed a petition with the New Jersey Board of Public Utilities requesting consent to terminate its 1,509.6-megawatt offshore wind contract off the coast of New Jersey, citing legal and financial impracticability stemming from a federal permitting freeze and inflationary pressures. The request follows the withdrawal of a critical air permit…...
U.S. States Advance Strategic Initiatives Toward Achieving Long-Term Energy Storage Goals
As U.S. states sharpen their focus on grid reliability and decarbonization, energy storage efforts are advancing through…Read the full report …...
Visual Primer: U.S. States Advance Strategic Initiatives Toward Achieving Long-Term Energy Storage Goals
As U.S. states sharpen their focus on grid reliability and decarbonization, energy storage efforts are advancing through structured procurement programs, utility-specific targets, and streamlined regulatory processes.
RGGI Auction Revenue Falls 36 Percent to $299 Million After Record High in March
The 68th quarterly carbon auction of the Regional Greenhouse Gas Initiative, or RGGI, the nation’s first market-based emissions regulation program, sold all of the more than 15.2 million CO2 allowances offered at a clearing price of $19.63, according to results released on June 6. This is slightly below the $19.76 clearing price in the previous…...
U.S. Renewable Diesel, Biodiesel Output Falls in Q1 2025 Amid Federal Tax Credit Uncertainty: EIA
U.S. biodiesel and renewable diesel production declined significantly during the first quarter of 2025, due to negative profit margins and ambiguity regarding federal biofuel tax credits, according to a June 4 report published by the U.S. Energy Information Administration. The agency projects production of both fuels to rise during the remainder of 2025, but biodiesel…...
States Overhaul Community Solar Programs to Reflect Market Shifts
States across the U.S. are taking diverse steps to expand or adjust their community solar policies, reflecting a changing energy landscape. Recent actions include…Read the full report …...
Visual Primer: States Overhaul Community Solar Programs to Reflect Market Shifts
States across the U.S. are taking diverse steps to expand or adjust their community solar policies, reflecting a changing energy landscape. Recent actions include expanding solar access for underserved communities, modernizing regulations to drive innovation, and ensuring affordability to protect non-participants from bearing undue costs.
New York Launches Working Group to Fast-Track EV Adoption and Charging Infrastructure
New York State has announced plans to establish a dedicated interagency working group to expedite the deployment of electric vehicle (EV) charging infrastructure and support the broader adoption of zero-emission vehicles (ZEVs) across all transportation sectors, according to a May 28 news release from the Department of Environmental Conservation. The initiative aligns with the state’s…...