EnerKnol

Feb52019

EnerKnol’s Visual Primer – States Put Carbon Emissions Pricing Back on the Table in Bid for Harder Push on Climate

February 5, 2019

Measures for carbon emission pricing and studies have so far this year surfaced in at least nine states, spanning from politically moderate Montana to progressive New York. Hawaii has a proposal to investigate how to implement a carbon tax while limiting its impact on lower income residents. In Oregon, legislation has been introduced for a cap-and-trade system to implement economy-wide carbon pricing. California is considering a bill that seeks a mechanism for assessing a carbon tax on retail products. Connecticut is considering a proposal for a regional collaborative on assessing such a fee.

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Feb52019

Oregon Bill Seeks Stronger Emissions Targets, Economy-Wide Carbon Pricing

February 5, 2019

The Joint Committee on Carbon Reduction unveiled legislation on Feb. 4 that would establish the Oregon Climate Action Program to place a cap on greenhouse gas emissions for entities whose annual emissions exceed 25,000 metric tons of carbon dioxide equivalent. The bill would set an annually declining emissions budget, starting in 2021 to put the…...

Jan162019

Montana State Lawmaker Proposes Bill to Establish Carbon Tax

January 16, 2019

Montana House Lawmaker Mary Dunwell, a Democrat, introduced legislation on Jan. 14 that would impose a carbon tax of $10 per metric ton on large emissions sources from 2020, increasing annually by $1, plus the rate of inflation. The bill would set an emissions reduction goal of 25 percent by 2035, and 50 percent by…...

Jan102019

Pennsylvania Sets Emissions Reduction Goals in Line With Paris Climate Accord

January 10, 2019

Democratic Governor Tom Wolf issued an executive order on Jan. 8 requiring the state to work toward reducing greenhouse gas emissions by 26 percent by 2025, and 80 percent by 2050, relative to 2005 levels. By setting goals in line with the 2015 Paris climate agreement, Pennsylvania joins a growing number of states reacting to President…...

Jan92019

New York State Lawmaker Proposes Bill to Establish Carbon Tax

January 9, 2019

New York State Assemblyman Kevin Cahill, a Democrat, introduced legislation on Jan. 2 that would impose a carbon tax of no less than $35 per ton on the distribution or sale of carbon-based fuels, increasing annually by $15 to a maximum of $185. Under the bill, 60 percent of the proceeds from the tax would be…...

Mar72018

Carbon Markets Thrive as States Brush Aside Trump and Take Lead on Climate

March 7, 2018

With the federal government’s U-turn on climate policy, states are taking the lead in regulating greenhouse gas emissions. Specifically, carbon trading is gaining traction as more jurisdictions are joining cap-and-trade markets.The two regional blocs in the U.S., California, Quebec, and Ontario’s cap-and-trade system and the Regional Greenhouse Gas Initiative (RGGI) involving nine Northeastern states, recently outlined their plans after 2020 ending uncertainty about their medium-term future.

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Mar62018

EnerKnol’s Visual Primer – Carbon Markets Thrive as States Brush Aside Trump and Take Lead on Climate

March 6, 2018

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Nov222017

Virginia Approves Cap-and-Trade Plan and Moves to Join RGGI

November 22, 2017

The Virginia Air Pollution Control Board has approved a proposal to reduce power sector carbon dioxide emissions by 30 percent between 2020 and 2030. The proposal would link Virginia with the Regional Greenhouse Gas Initiative (RGGI), the nation’s first mandatory cap-and-trade program. The proposal is consistent with RGGI’s recently announced proposed improvements that caused a rebound in allowance prices in the September auction. With member states in agreement over the program's post-2020 path, RGGI is likely in for a boost that could see both price increases in future auctions and additional states joining the group.

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Nov212017

EnerKnol’s Visual Primer – Virginia Approves Cap-and-Trade Plan and Moves to Join RGGI

November 21, 2017

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Oct182017

Trump’s EPA Trashes Global Benefits of Carbon Cuts in Repeal of Obama Climate Rule

October 18, 2017

In its proposal to repeal the Clean Power Plan (CPP), the Environmental Protection Agency (EPA) has devalued the social cost of carbon (SCC) and disregarded the global benefits from the CPP. Following President Trump’s executive order rescinding the SCC, this approach could be used to revisit existing environmental rules. Despite the pushback on carbon pricing at the federal level, states are increasingly using the social cost of carbon as a metric to measure and reduce their climate impacts.

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Oct172017

EnerKnol’s Visual Primer – Trump’s EPA Trashes Global Benefits of Carbon Cuts in Repeal of Obama Climate Rule

October 17, 2017

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Jul192017

California Legislature Approves Cap-and-Trade Extension until 2030 with Concessions

July 19, 2017

The California legislature has passed legislation extending the cap-and-trade program, the centerpiece of the state’s efforts against climate change. The extension aligns the program with the state’s 2030 emissions reduction targets. It cements California’s role as a leading state in climate policy nationwide at a time when federal climate policy remains uncertain.

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