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.
U.S. Interior Proposes to Reverse Coal Mining Rule to Streamline Federal-State Coordination
The U.S. Interior Department announced on June 12 a proposed rule to withdraw the 2024 “Ten-Day Notices and Corrective Action” rule. The 2024 rule, implemented by the previous administration, introduced definitions and deadlines that undermine clear intent of the Surface Mining Control and Reclamation Act of 1977, which designates states as the primary regulators of…...
Japan’s JERA Finalizes Long-Term Deals to Buy 5.5 Million Tons Per Year of U.S. LNG
U.S. companies have finalized four 20-year agreements with Japan’s JERA Co. to supply up to 5.5 million tons per year of liquefied natural gas, according to a June 11 press release from the U.S. Energy Department. The deals are expected to support over 50,000 U.S. jobs and contribute more than $200 billion to U.S. GDP,…...
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…...
Amazon Unveils $20 Billion Data Center Investment in Pennsylvania to Boost AI and Cloud Infrastructure
Amazon announced a landmark plan on June 9 to invest at least $20 billion in Pennsylvania to expand its data center infrastructure, aiming to support the accelerating demand for artificial intelligence (AI) and cloud computing technologies. The initiative marks the largest private sector investment in the state’s history and is expected to create over 1,250…...
U.S. Energy Production Reached a Record High During 2024: EIA
U.S. total energy production surpassed 103 quadrillion British thermal units in 2024, up one percent from the previous record set last year, according to a June 9 report published by the U.S. Energy Information Administration. Solar, wind, biofuels, natural gas, natural gas plant liquids, crude oil each reached domestic production highs in 2024. The largest…...
Gulf Oil and Gas Output to Remain Stable Through 2026: EIA
Crude oil production in the Federal Offshore Gulf of America is projected to average 1.80 million barrels per day (b/d) during 2025 and 1.81 million b/d during 2026, marginally higher than 1.77 million b/d during 2024, according to a June 6 report published by the U.S. Energy Information Administration. The agency projects natural gas production…...
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…...