In 2013, net U.S. energy imports declined to its lowest level since 1985, driven by growth in oil and natural gas production. On April 2, 2014, the Energy Information Administration (EIA) released a report showing that the U.S. imported a net 12.74 quadrillion British thermal units (Btu) of energy in 2013, the lowest level since…
DOE has announced improvements to its Advanced Technology Vehicle Manufacturing loan program to clarify eligibility criteria and increase responsiveness to applicants. On April 2, 2014, Energy Secretary Ernest Moniz announced improvements to the Department of Energy’s (DOE) Advanced Technology Vehicle Manufacturing (ATVM) Loan Program at the Motor & Equipment Manufacturers Association (MEMA) Legislative Summit. The…
On February 19, 2014, the California Air Resources Board (CARB) held its sixth carbon allowance auction. Auction results over the first year show that compliance entities are becoming more comfortable with program and that investor market confidence is growing. Similarly, a secondary allowance market is also developing as market confidence grows. Overview The California Air…
On March 4, 2014, the Regional Greenhouse Gas Initiative (RGGI) held the first carbon allowance auction under the new Model Rule. Auction prices reached record levels and high market participation and allowance demand exhausted the 5 million allowance Cost Containment Reserve. Overview The Regional Greenhouse Gas Initiative (RGGI) is the nation’s first mandatory market-based cap-and-trade…
