Industrial Decarbonization
Washington is aiming to auction off enough cap-and-trade credits to cover more than 11 million metric tons of carbon emissions.
New York announced two efforts to help boost hydrogen as a means of reaching its emission-reduction goals, including energy investments from NYPA and NYSERDA.
Hydrogen report says Department of Energy hubs won't be enough and that more generation, and via electrolysis, will be needed.
The governor signed climate bills related to sustainable aviation fuel, local land-use planning, transmission planning, pumped storage and more.
New Jersey has been slow to spend Regional Greenhouse Gas Initiative funds since returning to the program but is taking steps to speed up the process.
Washington’s Department of Ecology confirmed that it raised almost $300 million from the state’s first quarterly cap-and-trade auction held in February.
EPA announced details of its Good Neighbor Plan to slash emissions of smog-forming nitrogen oxides; the rules will affect power plants in 23 states.
Washington carbon allowance prices will increase sharply as the state’s cap-and-trade program becomes better established, carbon market analysts said.
The Department of Energy will award $6 billion to accelerate decarbonization projects in energy-intensive industries, the largest investment of its kind.
Washington’s first cap-and-trade auction earned the state nearly $300 million in revenue and unloaded all allowances on offer.
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