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…
In the wake of Superstorm Sandy, which left at total of 8.5 million customers without power, the need for a smarter and more resilient grid has never been greater. To achieve this, the Hurricane Sandy Rebuilding Task Force is partnering with affected states to rebuild smarter and stronger. The Sandy Supplemental Appropriation has allocated approximately…
EPA will solicit public input for its proposed carbon dioxide emissions standards for existing power plants through a series of scheduled listening sessions. On September 30, 2013, the Environmental Protection Agency (EPA) released a schedule of 11 public listening sessions across the U.S. to solicit input for its proposed carbon dioxide (CO2) emissions standards for…
On September 18, the House Energy and Commerce Committee heard testimony from EPA and DOE officials on the Obama Administration’s climate change policies and continued the debate over the requirement to require Carbon Capture and Sequestration technologies in future sources. On September 20, the EPA released its draft rule to set national emissions limits on…
California and China have signed a Memorandum of Understanding to coordinate efforts on low carbon development. On September 13, 2013, California Governor Jerry Brown and China’s National Development and Reform Commission (NDRC) Vice Chairman, Xie Zhenhua signed a two-year Memorandum of Understanding (MOU) to coordinate climate change efforts, promote efficient energy technologies, and advance low…
This week, the Senate is poised to consider the Energy Savings and Industrial Competitiveness Act of 2013 (S. 1392) – an energy bill that aims to promote efficiencies among residential, commercial, and federal buildings. The energy efficiency measures are designed to reduce energy use and environmental compliance costs, particularly related to industrial and commercial sectors,…
On September 30, the U.S. Supreme Court will consider a major challenge to the Environmental Protection Agency’s implementation of greenhouse gas regulations under Section 202 of the Clean Air Act, a hearing that could affect President Obama’s timetable for existing power plants and state implementation plans. The EPA will likely face ongoing litigation on most…
DOE’s proposed energy efficiency standards for commercial refrigeration appliances could save $28 billion and cut 350 million tons of carbon emissions over the next 30 years. On August 29, 2013, the Department of Energy (DOE) proposed two rules aimed to improve energy efficiency standards for refrigeration systems. The proposals, which have been under the Office…
A White House and DOE report calls for investments to increase the nation’s electric grid resilience and outlines strategies for grid modernization. On August 12, 2013, the White House Council of Economic Advisors and the Department of Energy (DOE) released a report emphasizing the importance of grid resilience for climate adaptation. The report, titled “Economic…
Two hydropower bills were unanimously passed by the Senate to facilitate streamlined regulatory processes for hydroelectric projects. On August 1, 2013, the Senate unanimously approved two bills aimed at streamlining the regulatory processes for selected hydropower projects. Both the Hydropower Regulatory Efficiency Act (H.R. 267) and the Bureau of Reclamation Small Conduit Hydropower Development and Rural Jobs…
JPMorgan Chase & Co. has accepted a $410 million penalty to settle accusations of electricity market manipulations in California and the Midwest. On July 30, 2013, the Federal Energy Regulatory Commission (FERC) issued an order approving stipulation and consent agreement that requires JPMorgan Ventures Energy Corporation (JPMVEC) to settle allegations of electricity market manipulation in…
FERC has directed Barclays Bank and four of its former traders to pay a civil penalty of $453 million to the U.S. Treasury for electricity market manipulation in the western U.S. On July 16, 2013, the Federal Energy Regulatory Commission (FERC) imposed civil penalties of $435 million on London-based Barclays Bank PLC and $18 million to four…
