The U.S. Energy Department on Jan. 2 announced its decision to award credits for the continued operation of the 2.2-gigawatt Diablo Canyon nuclear plant in California under the $6 billion Civil Nuclear Credit, or CNC, program established by the 2021 Infrastructure Investment and Jobs Act to support nuclear power plants at risk of closure due…...
The commitment to a low-carbon future is growing stronger, with states and utilities diversifying their energy transition strategies. There is a growing awareness of the magnitude of the transition including the scale of grid modernization, supply chain challenges, and economic realities as renewable resources and decarbonization technologies expand. Supportive policies and technological advancements are key…...
State renewable portfolio standards (RPS) are a key driver behind the torrid expansion of wind and solar generation across the U.S. RPS requires electricity suppliers to obtain a certain percentage of their retail sales from eligible renewable resources, with targets set to increase annually. In recent years, states have expanded their RPS programs to create…
The U.S. Environmental Protection Agency on Dec. 21 released its 2023 Automotive Trends Report, which incorporates information on greenhouse gas emissions, manufacturer compliance, technology and new light duty vehicle fuel economy numbers. The report finds that for model year 2022 vehicle fuel economy hit a record high, while at the same time emission levels declined…...
The Bureau of Ocean Energy Management on Dec. 19 announced a proactive step in supporting the Biden-Harris administration’s renewable energy objectives by initiating a regional environmental review for potential development on five offshore wind lease areas off California’s central and north coasts. A wind energy auction for the five leases held last December drew competitive…...
The U.S. Energy Department on Dec. 18 announced a pioneering initiative, earmarking up to $530 million in competitive grants for technical assistance that not only aims to foster a skilled workforce and inclusive programs aligned with President Biden’s Justice40 Initiative but also seeks to expedite energy efficiency projects for the decarbonization of buildings. This initiative…...
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…Read the full report …...
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…...
Over 20 billion cubic feet per day (bcf/d) of gas pipeline capacity is being developed, completed to some extent or approved to transport gas to five U.S. liquified natural gas export terminals that are also currently under construction, according to the U.S. Energy Information Administration’s Natural Gas Pipeline Project Tracker. The five LNG terminals to…...