U.S. EPA Finalizes Repeal of 1995

U.S. Energy Department Announces $6 Billion for Industrial Decarbonization Projects

The U.S. Energy Department on March 25 announced up to $6 billion for 33 industrial decarbonization projects spanning over 20 states. This marks the single largest industrial decarbonization investment in the U.S. These initiatives prioritize community engagement through comprehensive Community Benefits Plans, aiming to foster local economic development and environmental improvement. The funding, supported by…...

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South California’s Natural Gas Prices at their Lowest in Eight Years During December 2023: EIA

Natural gas prices at SoCal Citygate, the main price hub in Southern California, averaged $3.61 per million British thermal units (MMBtu) during December 2023, according to a March 25 report published by the U.S. Energy Information Administration. The average spot price during December 2023, was the lowest December spot price in eight years, when adjusting…...

EnerKnol Research PU Visual Primer Nuclear Power 2024 03 26 Blog preview

U.S. Nuclear Energy Landscape Poised for Change Amid Evolving Policies and Regulations

Recent policy developments in the U.S. nuclear power industry indicate a growing recognition of the carbon-free nature of nuclear energy to support the energy transition. With Congress considering nuclear energy reforms, the Nuclear Regulatory Commission (NRC) proposing rules for…Read the full report…...

EnerKnol Research PU Visual Primer Nuclear Power 2024 03 26 Blog preview

Visual Primer: U.S. Nuclear Energy Landscape Poised for Change Amid Evolving Policies and Regulations

Recent policy developments in the U.S. nuclear power industry indicate a growing recognition of the carbon-free nature of nuclear energy to support the energy transition. With Congress considering nuclear energy reforms, the Nuclear Regulatory Commission (NRC) proposing rules for advanced reactor licensing, and state legislatures exploring the benefits of small modular technologies, the landscape of nuclear energy technologies is poised for change.

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Brent Crude Oil Price Forecast Increases After OPEC+ Extends Production Cuts: EIA

Brent crude oil and petroleum product prices are projected to increase for the remainder of 2024, according to a March 21 report published by the U.S. Energy Information Administration.  The projected price increase can be attributed to the announcement that OPEC+ will extend the current voluntary production cuts through the second quarter of 2024. The…...

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U.S. Energy Department Announces $180 Million for Energy Upgrades in Schools

The U.S. Energy Department on March 20 opened applications for the 2024 Renew America’s Schools Prize, earmarking $180 million for school districts nationwide. The initiative aims to support strategic partnerships to implement energy upgrades in K-12 schools. The funding, supported by the 2021 Infrastructure Investment and Jobs Act, is aimed at enhancing energy efficiency, reducing…...

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U.S. Geothermal Production Could See Twenty-Fold Growth With Next Generation Technologies: DOE Report

The U.S. Energy Department issued a report on March 18 discussing the potential role of next generation geothermal technologies in the clean energy transition. The report, titled “Pathways to Commercial Liftoff: Next-Generation Geothermal Power,” is the latest in a series of reports assessing how the U.S. can decarbonize by 2050. The report complements the objectives…...

EnerKnol Research PU Visual Primer Carbon Markets 2024 03 19 Blog preview

U.S. Carbon Markets Adapt to Regulatory Changes Amid State-Level Emissions Reduction Efforts

As carbon pricing gains traction as a policy tool to combat climate change and achieve net-zero emissions, regulatory attention on U.S. carbon markets has been on the rise. Recent developments in state-level emissions trading programs have yielded mixed results…Read the full report  …...

EnerKnol Research PU Visual Primer Carbon Markets 2024 03 19 Blog preview

Visual Primer: U.S. Carbon Markets Adapt to Regulatory Changes Amid State-Level Emissions Reduction Efforts

As carbon pricing gains traction as a policy tool to combat climate change and achieve net-zero emissions, regulatory attention on U.S. carbon markets has been on the rise. Recent developments in state-level emissions trading programs have yielded mixed results, with Washington's latest allowance auction seeing a significant price drop, while California, Quebec, and the Regional Greenhouse Gas Initiative (RGGI) cleared at record high prices.

wa 5th carbon auction

Washington’s Latest Carbon Auction Price Drops by Over 50 Percent

The fifth auction of greenhouse gas allowances under Washington’s cap-and-invest program sold all allowances offered, with current vintage allowances settling at $25.76 per allowance, which is more than 50 percent lower compared to the previous quarterly auction, according to the results released on March 13 by the state’s Department of Ecology. The clearing price is…...