Industrial Decarbonization
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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