U.S. carbon markets are closing out the year with record prices and strong auction demand, reflecting the growing maturity of emissions trading as state participation evolves. Market performance remains strong across the Northeast and West, even as Pennsylvania withdraws from regional participation.
The New York State Department of Environmental Conservation and the New York State Energy Research and Development Authority on Dec. 10 released a proposal to update the state’s Regional Greenhouse Gas Initiative, or RGGI, regulations, aiming to secure deeper and more affordable cuts in power sector emissions. The measure underscores New York’s direction at a…...
The Washington Department of Ecology on Dec. 10 completed the fourth quarterly sale of greenhouse gas allowances this year under the state’s Cap-and-Invest program, producing strong demand that is projected to raise $394 million for community investments and climate resilience initiatives. The result marks the twelfth consecutive sold out auction and reinforces the program’s trajectory…...
The New York Power Authority Board on Dec. 9 approved $40 million in annual workforce development funding over the next four years to expand the talent pipeline needed for advanced nuclear energy in Upstate New York. The initiative supports Governor Kathy Hochul’s directive from June for the authority to plan at least 1-gigawatt of advanced…...
California Governor Gavin Newsom on Dec. 8 announced that the California Transportation Commission approved $1.1 billion to accelerate deployment of zero-emission buses, expand charging infrastructure, and upgrade essential transportation systems across the state. The investment advances the Governor’s Build More, Faster – For All infrastructure agenda aimed at strengthening climate resilience and improving community mobility…...
As federal incentives recede and national fuel economy standards face rollback, momentum for transportation electrification is shifting to states, where regulators are…Read the full report …...
As federal incentives recede and national fuel economy standards face rollback, momentum for transportation electrification is shifting to states, where regulators are expanding planning efforts, grid upgrades, and charging programs to support continued electrification.
The Trump administration on Dec. 3 announced a proposal to reset the National Highway Traffic Safety Administration’s corporate average fuel economy, or CAFE, standards for model years 2022–2031. The proposal would require automakers to reach an average fuel economy of approximately 34.5 miles per gallon by model year 2031, far below the Biden-era target of…...
The U.S. Energy Department on Dec. 2 announced the selection of the Tennessee Valley Authority and Holtec Government Services for federal funding to accelerate early deployments of advanced light-water small modular reactors, or SMRs. The agency will provide up to $800 million through cost-shared awards to support projects in Tennessee and Michigan. The initiative is…...
Midcontinent Independent System Operator on Dec. 1 announced the second cycle of proposals to be examined under its Expedited Resource Addition Study, or ERAS, process, adding 15 proposed generation projects totaling about 6,100 megawatts across its North, Central and South regions. The projects include solar, wind, natural gas and battery storage resources, with proposed in-service…...
