Policy Primer: Carbon Pricing – May 2023 Update
Heightened activity around carbon pricing mechanisms reflects the need for expedited measures to align with ambitious emissions reduction trajectories.
Heightened activity around carbon pricing mechanisms reflects the need for expedited measures to align with ambitious emissions reduction trajectories.
This Earth Day, we discuss initiatives exploring clean hydrogen as an effective option to reduce emissions and adapt to climate change.
The market for electric vehicles (EV) continues to evolve as do efforts to address future charging needs. Recent actions range from the U.S. Environmental Protection Agency’s (EPA) proposals for tougher vehicle emissions standards to new national standards for federally-funded EV chargers, and the first round of funding under a $2.5 billion program to support charging and alternative fueling infrastructure.
The ongoing conversation on the role of natural gas utilities in reducing emissions continues as utilities work towards achieving ambitious state decarbonization goals.
The electricity system is in a state of transition amid the increase in fossil-fueled generation retirements and the penetration of intermittent renewable resources. Grid operators and regulators across the U.S. are exploring tools and strategies to adapt resource adequacy planning to the changing generation mix.
Amid the growing number of initiatives to unlock the benefits of distributed energy resources, states across the U.S. are pursuing measures that support customer-oriented solutions while ensuring reliable system operations.
Energy storage plays a key role in managing the pace of the transformation of the electric system. The versatility of the resource has allowed for multiple grid roles, including supporting transmission reliability.
The focus on decarbonization and energy security has elevated the importance of nuclear power as a critical technology to achieve national and state goals. Recent actions include the second award cycle of a $6 billion federal program established to maintain the existing reactor fleet and proposals to explore the feasibility of deploying advanced nuclear technologies.
Recent developments around grid modernization strive to enable greater adoption of clean energy resources while ensuring a more resilient and responsive grid.
Stringent climate policies have prompted discussions around comprehensive cap-and-invest programs to address emissions across multiple sectors. Several U.S. states have devised bold climate action plans that call for transformations across industry, energy, and transportation sectors.
The U.S. offshore wind industry is experiencing a flurry of activity with commercial-scale wind projects advancing in the Atlantic Ocean and the Pacific now open for development, following a federal auction held in December.
State regulators in the U.S. are tightening regulations governing competitive retail electricity markets, as they closely examine supply offers to determine if they are fairly priced, offer intended benefits of competition, and support clean energy goals.