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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.
The White House
President Joe Biden announced $7 billion in funding from the Inflation Reduction Act, to be used by states and nonprofits across the country to install solar in low-income and disadvantaged communities.
Shutterstock
The Massachusetts AGO and DOER expressed concern about the climate effects of proposed utility supply contracts to keep the Everett LNG import facility operating until 2030.
Albany Port District Commission
Three provisional contracts totaling 4 GW and constituting the entire result of New York's third offshore wind solicitation have been cancelled.
Shutterstock
A DOE report on resource adequacy says firms investing in natural gas capacity could be retrofitted with carbon capture and storage, or the ability to burn clean hydrogen.
BloombergNEF
Global investment in passenger electric vehicles was up 36% in 2023, investment in energy storage jumped 77%, and investment in carbon capture and storage nearly doubled.
Bureau of Land Management
The New Jersey Board of Public Utilities approved eight solar projects in its second solicitation for grid-scale projects, nine months after declining to support any bids in the first solicitation due to cost.
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.
Solar Landscape
The New Jersey Economic Development Authority approved the establishment of a green bank to help the state reach its clean energy goals.
Bureau of Land Management
Washington’s EFSEC recommended approval for a slimmed-down version of a controversial wind project proposed for a site just south of the Tri-Cities in southeastern Washington.
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