September 28, 2024

Industrial Decarbonization

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Energy Department Offers $6 Billion for Industrial Decarbonization
The U.S. Department of Energy announced $6 billion in funding for 33 projects that are meant to help decarbonize difficult-to-abate, energy-intensive industries. 
Port of Seattle
Calif., Quebec, Wash. to Explore Linking Carbon Markets

Washington could be closer to joining the California-Québec carbon market after the three governments issued a statement saying they will explore linking their cap-and-trade systems.

HF Sinclair
Drop in Wash. Carbon Price Spells Uncertainty for Budget, Gas Costs

Washington’s first quarterly carbon allowance auction of 2024 has thrown two new wrinkles into the economics of the state’s fledgling — and controversial — cap-and-invest program.

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Suit Alleges Job Retaliation over Wash. Cap-and-invest Projections
A former Washington DOT economist is suing the state over allegations he was forced out of his job because his superiors did not like his forecasts showing that gas prices would jump under cap-and-invest.
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NARUC Looks at How to Manage New Large Loads
The power industry is facing an increasingly delicate balancing act as policies drive some generators to retirement, while major new loads are popping up and making planning more difficult.
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Bill to Link Wash. Cap-and-trade with Calif.-Quebec Passes Both Houses
Washington’s Democratic-controlled House of Representatives approved a bill that will allow the state’s cap-and-trade program to link up with the system shared by California and Quebec.
BloombergNEF
BCSE Factbook: Federal Incentives Can’t Solve All Clean-tech Challenges

The momentum created by billions of dollars in federal incentives and tax credits has been tempered by supply chain constraints and the impacts of inflation and higher interest rates.

National Press Club
Granholm Praises Impact of US Clean Energy Industrial Policy
Clean energy policies funded by the IRA and IIJA have been key to the U.S. economy’s strong performance, Energy Secretary Jennifer Granholm said at the National Press Club.
Washington Senate Democrats
Wash. Lawmakers Propose Credits to Defray Cap-and-invest Costs

Washington legislators are proposing to give the state’s utilities $150 million to be rebated back to residents to help them defray costs associated with the state’s cap-and-invest program.

Legislative Support Services
Carbon Market Linkage Bill Passes Wash. Senate
The specter of a November referendum on Washington’s cap-and-invest program hovered over the state Senate when it passed a bill to link the program with the California-Quebec system.

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