A new analysis shows that California needs significant policy and technology changes to meet its 2050 GHG reduction target. On November 4, 2013, the Department of Energy’s Lawrence Berkeley National Laboratory released a report analyzing the impact of existing policies and technologies on California’s Greenhouse Gas (GHG) reduction targets. The state’s GHG reduction initiatives aim to reduce…
The U.S. Treasury has announced plans to limit funding for new overseas coal projects as part of the nation’s international climate strategy. On October 29, 2013, the U.S. Department of Treasury revised its technical guidance for Multilateral Development Bank (MDB) funding for new overseas coal projects. The revisions, which replace the 2009 Guidance to MDBs…
NY State’s Strategic Gasoline Reserve will hold three million gallons of fuel to prevent emergency supply gaps. On October 26, 2013, New York State Governor Andrew M. Cuomo launched the first U.S. state-based Strategic Gasoline Reserve as part of the Fuel NY initiative to prevent potential supply gaps during weather events and emergencies, such as…
On September 23, the EPA updated its 2012 New Source Performance Standards (NSPS) and National Emission Standards for Hazardous Air Pollutants (NESHAP) rule, which indirectly regulates fugitive methane emissions at the production phase of oil and natural gas development. Data from the rule will determine whether the EPA will directly regulate methane from oil and…
Florida has approved contracts to build its third natural gas pipeline – from Southwest Alabama to South Florida. On October 24, 2013, the Florida Public Service Commission (PSC) approved Florida Power & Light’s (FPL) prudence review request for contracts to construct a $3.5B, 591-mile, interstate natural gas pipeline. PSC determined that the pipeline will provide…
EPA’s latest GHG emissions data show that power plant emissions declined by 10 percent between 2010 and 2012 due to increased natural gas use. On October 23, 2013, the Environmental Protection Agency’s (EPA) Greenhouse Gas Reporting Program (GHGRP) released its third annual report detailing facility-level greenhouse gas (GHG) emissions data from large industrial sources across…
2012 EIA data show that U.S. energy-related emissions dropped to lowest levels since 1994 due to a decline in energy consumption and overall carbon intensity. On October 21, 2013, the Energy Information Administration (EIA) released its 2012 report on U.S. energy-related carbon dioxide (CO2) emissions. The report, derived from EIA’s monthly energy data, highlighted that 2012…
Earlier this month, California Air Resources Board (CARB) released a draft Update to the Assembly Bill 32 (AB 32) Scoping Plan, describing the progress made towards objectives and defining priorities and activities to reduce emissions. Overview AB 32, the California Global Warming Solutions Act of 2006, signed into law by Governor Arnold Schwarzenegger, created a…
On October 15, the U.S. Supreme Court decided to review whether the U.S. Environmental Protection Agency’s greenhouse gas regulations for motor vehicles should also result in regulations for stationary sources. The Court’s decision could have direct implications for the EPA’s rulemaking on future power plants and would affect President Obama’s timetable for existing plants and…
The U.S. ranks 5th out of 13 heavily oil-dependent countries that are highly vulnerable to global oil price fluctuations. On October 14, 2013, Securing America’s Future Energy and Roubini Global Economics released the Oil Security Index, which assesses the relative oil security of 13 countries including the U.S. The report emphasizes the need for active…
The Senate has unanimously approved a bill to implement the U.S.-Mexico Transboundary Hydrocarbons Agreement aimed to facilitate offshore drilling cooperation in the Gulf of Mexico. On October 12, 2013, the Senate unanimously approved S. 812 to authorize the Secretary of the Interior to implement the 2012 U.S.-Mexico Transboundary Hydrocarbons Agreement. The agreement establishes a legal…
A new study reveals that the U.S. tops the world in Carbon Capture and Storage (CCS) development and calls for a sharp increase in global CCS projects to achieve climate mitigation goals. On October 10, 2013, Australian research group Global CCS Institute released its annual report on the global status of CCS development. The report…
