Discussions around carbon markets reflect the growing emphasis on collaborative efforts to advance climate solutions. Despite gaining prominence as an efficient market-based solution to reduce emissions, carbon trading initiatives face obstacles due to concerns of higher energy prices.
The U.S. Environmental Protection Agency and Department of Energy have announced a conditional commitments for grant funding for 14 states to assist in both measuring and reducing methane emissions from the oil and gas sector. The states will receive a total of $350 million in formula grants, the first in the first in a series…...
The U.S. Department of Energy has announced a $2.25 billion funding opportunity to support carbon capture, utilization, and storage and carbon dioxide removal to reach climate goals. This marks the third opening of the Carbon Storage Validation and Testing program to support the transport and storage of carbon dioxide captured from industrial and power generation…...
The drive towards a low-carbon future has prompted changes to solar incentive programs as lawmakers and regulators emphasize the role of the distributed generation market in achieving energy and environmental goals. Recent measures range from…Read the full report …...
The drive towards a low-carbon future has prompted changes to solar incentive programs as lawmakers and regulators emphasize the role of the distributed generation market in achieving energy and environmental goals. Recent measures range from New Jersey’s dual-use solar pilot to California’s revisions to solar tariffs and a report examining virtual power plants for grid reliability.
The U.S. Energy Department has released the first of three assessments on pathways to clean hydrogen production under its Hydrogen Shots initiative, which aims to lower the cost of clean hydrogen by 80 percent to $1 per kilogram by 2031. The report focuses on pathways to reach the goal through thermal conversion, a process that…...
Associated natural gas production from the highest three yielding tight oil plays in the Permian region (Wolfcamp, Spraberry and Bone Spring) averaged a total of 13.7 billion cubic feet per day (bcf/d) during the first seven months of 2023, nearly triple the production level of 4.7 Bcf/d in 2018, according to a Dec. 6 report…...
Fifty companies, representing over 40 percent of global oil production have committed to near-zero methane emissions and end routine flaring by 2030 under the Oil and Gas Decarbonization Charter (OGDC) launched at the 28th Conference of the Parties to the U.N. Framework Convention on Climate Change. The charter is part of series of initiatives launched…...
During the first half of this year, northbound crude oil flows through the Suez Canal and the SUMED pipeline rose by over 60 percent from 2020, due to an uptick in demand from Europe and the U.S. following the COVID-19 pandemic induced lows, according to a Dec. 4 report from the U.S. Energy Information Administration…....
The U.S. and 21 other countries from four continents have pledged to triple nuclear energy capacity globally by mid-century from 2020 levels at the 28th Conference of the Parties to the U.N. Framework Convention on Climate Change (COP28). The “Declaration to Triple Nuclear Energy,” unveiled on Dec. 2, recognizes the crucial role of nuclear energy…...