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…...
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…...
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…...
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 …...
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.
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…...
President Joe Biden’s budget proposal for fiscal year 2025 includes $51 billion in discretionary funds for the U.S. Energy Department, a 7.5 percent increase from the 2023 level. The proposal reinforces the administration’s commitment to tackle climate, energy, environmental, and nuclear security challenges. With a focus on combating climate change and promoting economic growth, the…
A growing number of states across the U.S. are considering clean fuel programs to limit the carbon intensity of transportation fuels and to incentivize the production of…Read the full report …...
The U.S. Energy Department on March 8 announced a $425 million funding initiative for the second round of projects under the Advanced Manufacturing and Recycling Grant Program, building upon the success of the first round in 2023. The initial round resulted in $275 million in federal investments distributed across seven selected projects in seven states…....
A growing number of states across the U.S. are considering clean fuel programs to limit the carbon intensity of transportation fuels and to incentivize the production of low-carbon and renewable alternatives.