Industrial Decarbonization
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A series of presentations and panels at the BloombergNEF Summit provided a measure of the industry’s success in crafting a narrative based on a “balanced” and well-paced transition that includes cutting egregious emissions and scaling carbon capture and storage technologies.
Washington Department of Ecology
Bolstered by a nearly $5 million war chest, supporters of Washington’s cap-and-invest system have begun efforts to defeat a campaign that seeks to scrap the carbon allowance program through a referendum this fall.
EPA
The topline figures from EPA’s new inventory of U.S. greenhouse gas emissions from 1990 to 2022 show the country’s slow and uneven progress toward President Joe Biden’s goal of cutting emissions by 50 to 52% below 2005 levels by 2030.
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Getting bills through the Maryland General Assembly often involves compromises and tradeoffs, even with Democrats controlling the House of Delegates, the Senate and the governorship.
Resources for the Future
Many recent projections for energy use have fossil fuel use plateauing after 2030, when it needs to rapidly decline to meet midcentury carbon targets, Resources for the Future said.
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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
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
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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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.
© RTO Insider LLC
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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