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Environmental Markets

Emissions

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NYSERDA Issues Energy Efficiency Financing Bonds

August 14, 2013

NYSERDA has issued revenue bonds to finance loans for residential energy efficiency projects under its GJGNY Program. On August 13, 2013, the New York State Energy Research and Development Authority (NYSERDA) issued $24.3 million in energy efficiency revenue bonds to finance residential energy efficiency improvement programs across the state.  The revenue bonds were issued under…...

Court Upholds EPA’s GHG Permitting Efforts

July 29, 2013

A U.S. appeals court has dismissed petitions from Texas, Wyoming, and industry groups against EPA’s greenhouse gas permitting requirements. On July 26, 2013, the U.S. Court of Appeals for the District of Columbia upheld the Environmental Protection Agency’s (EPA) greenhouse gas (GHG) permitting requirements, dismissing a suit from Texas, Wyoming, and industry groups claiming that…...

EIA Releases 2013 International Energy Outlook

July 26, 2013

EIA projects a 56 percent growth in world energy consumption by 2040, driven by economic growth in emerging countries.  Over its 2010-2040 projection period, renewables and nuclear are the fastest-growing sources, though fossil fuels continue to supply 80 percent of energy consumption. On July 25, 2013, the Energy Information Administration (EIA) released its 2013 International…...

EPA’s Primary Ozone Standard Upheld

July 24, 2013

A federal appeals court rejected petitions in opposition to EPA’s 2008 primary ozone standard and ordered a review of its secondary standard for violating the Clean Air Act. On July 23, 2013, the U.S. Court of Appeals for the District of Columbia denied petitions challenging the primary ozone standard of the Environmental Protection Agency’s (EPA)…...

President Obama Unveils Comprehensive Climate Agenda

July 2, 2013

President Obama’s second-term climate agenda includes sweeping measures to cut carbon emissions from power plants, boost renewable energy production, increase fuel economy standards, and advance international initiatives to combat climate change. On June 25, 2013, President Barack Obama outlined a comprehensive Climate Action Plan prioritizing measures to limit greenhouse gas (GHG) emissions to set a…...

Western Governors Outline 10-Year Energy Goals

July 1, 2013

WGA’s “10-Year Energy Vision” calls for collaborative interstate initiatives to achieve energy security by increasing energy production, improving energy efficiency, and expanding energy distribution infrastructure, among other energy goals. On June 28, 2013, the Western Governors’ Association (WGA) released the “10-Year Energy Vision,” a regional plan articulating the energy goals of 19 member states, American…...

U.S. and China Launch Joint Initiative to Fight Climate Change

April 15, 2013

U.S. and China have committed to take cooperative action to combat climate change using practical emissions reduction measures and low-carbon initiatives, setting a powerful example to the rest of the world. On April 13, 2013, the U.S. State Department announced the U.S. and China will launch a Climate Change Working Group, recognizing the need for…...

EPA Proposes New Fuel and Vehicle Standards

April 1, 2013

EPA’s new cleaner fuels and cars program aims to reduce sulfur in gasoline and tighten vehicle emissions standards while improving auto efficiency, but could result in higher prices at the pump. On March 29, 2013, the Environmental Protection Agency (EPA) proposed new standards for vehicles and fuels under its Tier 3 program to cut emissions…...

EPA Finalizes Emissions Standards for New Power Plants

March 29, 2013

The finalized MATS rule for new power plants sets certain emissions limits at slightly higher levels than the original 2011 rule.   On March 28, 2013, the Environmental Protection Agency (EPA) finalized the Mercury and Air Toxics Standards (MATS) for new power plants, revising emissions limits for mercury, sulfur dioxide, hydrogen chloride, and particulate matter,…...

Senate Group Seeks Amendment of Proposed EPA Regulations

March 19, 2013

A group of Senate Democrats requested the Administration to reconsider EPA’s proposed emissions regulations that would essentially ban construction of new coal-fueled power plants in the U.S. Four Senate Democrats, led by Joe Manchin (D-W.Va.), wrote to President Obama seeking amendments of EPA’s proposed New Source Performance Standards (NSPS) for new power plants.  The letter — released…...

House Democrats Release Draft Carbon-Pricing Legislation

March 13, 2013

House Democrats released draft carbon-pricing legislation, soliciting feedback on a potential per-ton fee for emissions, annual rate of fee increase, and revenue spending. On March 12, 2013, House Democrats released a draft plan for carbon-pricing legislation that would impose a fee on greenhouse gas emissions from the nation’s largest polluters, such as power plants, oil…...

Climate Change and U.S. Strategy

March 4, 2013

At a well-attended 2013 MIT Energy Conference, an expert panel explored the “big picture” questions surrounding climate change, providing updated insights on pros and cons of available actions. While Sandy has made clear the critical state of the environment – more so than 4 years worth of IPCC reports, notes Dr. Kerry Emanuel (Professor of…...

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