ISO New England Inc. on Sept. 15 released its 2024 Economic Study, New England’s Evolving Grid, showing that states across the region could potentially achieve 85 percent of their carbon dioxide reduction goals by 2045 with a mix of solar power, land-based wind, and short-duration energy storage. The findings reflect the grid operator’s modeling of…...
The U.S. Energy Information Administration reported that per capita carbon dioxide emissions from primary energy consumption declined in every state between 2005 and 2023, with overall U.S. energy-related CO2 emissions falling 20 percent during the same period. Population growth of 14 percent contributed to a 30 percent decrease in per capita emissions, the agency said…...
The U.S. Environmental Protection Agency on Sept. 12 announced a proposed rule to end the Greenhouse Gas Reporting Program, removing reporting obligations for most large facilities, all fuel and industrial gas suppliers, and carbon dioxide injection sites. The agency projects this change would save businesses up to $2.4 billion in regulatory costs over a 10-year…...
The Bureau of Land Management on Sept. 15 reported that an oil and gas lease sale covering 23 parcels in Montana and North Dakota generated more than $38 million in revenue. The sale, which encompassed roughly 7,600 acres, surpassed the agency’s total national energy and timber receipts from the last quarter. The results indicate increased…...
Developments in U.S. carbon markets reflect new progress as states reinforce their commitment to emissions trading programs despite receding federal climate action. Amid rising auction prices, states and regions are extending their programs beyond the…Read the full report …...
Developments in U.S. carbon markets reflect new progress as states reinforce their commitment to emissions-trading programs despite receding federal climate action. Amid rising auction prices, states and regions are extending their programs beyond the next decade, signaling resilience and renewed confidence in market-based climate initiatives.
The Washington Department of Ecology on Sept. 10 reported that all available emissions allowances were sold in the state’s 11th quarterly carbon auction, underscoring market confidence. The auction raised an estimated $446 million, which includes $295 million for the state and $151 million to benefit utility ratepayers. This brings the total state proceeds close to…...
As the federal government rolls back vehicle emission standards and electric vehicle (EV) incentives, several states are advancing their own…Read the full report …...
As the federal government rolls back vehicle emission standards and electric vehicle (EV) incentives, several states are advancing their own measures to sustain zero-emission transportation goals.
The U.S. Environmental Protection Agency secured a favorable ruling on Sept. 2 from the U.S. Court of Appeals for the District of Columbia Circuit. The court ruled that EPA has the authority to terminate $20 billion in grants awarded under the Greenhouse Gas Reduction Fund, a program established by the 2022 Inflation Reduction Act. The decision…...