Fossil Fuels
EPA
Coal-fired power plants nationwide will either have to close by 2039 or use carbon capture and storage or other technologies to capture 90% of their emissions by 2032 under EPA’s long-awaited final rule.
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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.
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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.
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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.
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FERC rejected rehearing requests on the expansion of the Gas Transmission Northwest pipeline’s capacity into the Northwest over three states’ objections and Commissioner Allison Clements’ dissent.
Senate ENR Committee
Energy Secretary Jennifer Granholm defended her department’s $51 billion budget proposal for FY25 before hostile Republicans on the Senate Energy and Natural Resources Committee.
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EPA rejected an industry petition to exempt stationary combustion turbines from hazardous air pollutant regulations.
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The federal government has finalized rules that will decrease the cost of siting renewable energy generation on public land and increase the cost of leasing it for oil and gas development.
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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