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…...
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)…...
The oil and shale gas boom will not achieve U.S. energy security, according to senior military officials speaking at New York Energy Week. Instead, the shale boom could intensify national security problems if it leads away from investment in renewable energy development. Panelists who spoke at the Redefining U.S. Energy Security for the 21st Century…...
Senate endorsement of House Bill 306 ascertains New Hampshire’s continued participation in RGGI by adopting proposed to RGGI Model Rule revisions. On May 23, 2013, the New Hampshire Senate passed House Bill 306 by a vote of 14-10 to adopt the Regional Greenhouse Gas Initiative’s (RGGI) updated Model Rule and authorize the state’s continued…...
A Congressional Budget Office study examines the economic impact of imposing a carbon tax and suggests revenue-use options that would offset costs of implementing the tax while reducing emissions. A new study released by the Congressional Budget Office (CBO) on May 22, 2013 finds that a carbon tax could boost federal revenues and curb carbon…...
California’s third carbon allowance auction raised approximately $280 million at an increased settlement price of $14.00 per allowance. On May 21, 2013, the California Air Resources Board (CARB) released results of its third quarterly auction, held on May 16, 2013. The auction offered Current Auction (2013) vintage allowances and Advanced Auction (2016) vintage allowances. All…...
Energy tax reform proposals released by the House Ways and Means Committee outline potential modifications to federal tax code for fossil fuel production, renewable energy tax credits, and energy efficiency provisions. On May 6, 2013, the House Ways and Means Committee released the Joint Committee on Taxation report detailing tax reform suggestions to 11 Tax…...
Based on findings that ARB met necessary state requirements, California Governor Brown gave the go-ahead to continue efforts to link with Quebec’s carbon market. On April 8, 2013, California Governor Edmund “Jerry” Brown sent a letter to California Air Resources Board (ARB), confirming that the agency had met the minimum requirements to link its emissions…...
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 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…...
The California Air Resources Board (ARB) released a list of 25 carbon offset projects that, if approved, have the potential to generate up to three million offset credits for California’s carbon market. On March 8, 2013, California ARB released a list of 25 early action carbon offset projects that would be considered for use in…...
In his Saturday Keynote speech at the 2013 MIT Energy Conference, Bill Richardson, former Governor of New Mexico, stressed the importance of connecting science and politics to fill the climate change knowledge gap, and proposed a macro-regional American collaboration to promote energy innovation and renewable energy diffusion. In the presence of recently appointed energy secretary Dr. Ernest Moniz, MIT…...