Industrial Decarbonization
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.
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.
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