Industrial Decarbonization
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.
DERs are still a couple years away from actually participating at the wholesale level as FERC works on RTO and ISO compliance with Order 2222.
A net zero bill unveiled by New Mexico lawmakers has already stumbled, failing to advance out of a Senate committee.
DOE is targeting the dirtiest and hardest-to-decarbonize electric power and industrial plants with $2.5 billion for "transformative" carbon capture projects.
New Jersey Gov. Phil Murphy signed a law to give business tax credits to producers who supply state projects with concrete made with lower GHG emissions.
The California Energy Commission awarded large grants to boost in-state production of electric tractors, forklifts, batteries and charging stations.
Washington lawmakers won’t know until mid-March how much cap-and-trade revenue they will be able to spend during the 2023-25 budget period.
Industry, private developers and state governments from every region of the nation applied for federal funding to create hydrogen hubs.
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