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May 5, 2024

Coal

Duke Energy
NC Residents Criticize Duke’s Pace of Coal Retirements, Reliance on Gas in Carbon Plan
North Carolina residents called upon the Utilities Commission to address Duke Energy’s preferred carbon plan, criticizing its slow pace of coal plant retirements and increase in gas plants compared to other options.
EPA
EPA Power Plant Rules Squeeze Coal Plants; Existing Gas Plants Exempt
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.
Resources for the Future
RFF Analysis of Net-zero Projections Finds Continued Fossil Fuel Use
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.
Shutterstock
Key Energy Bills Win Crossover Votes in Md. General Assembly
Bills moving forward could introduce voluntary time-of-use rates in the state, disclosure statements about green power and point-of-sale EV rebates.
Shutterstock
Shapiro Proposes Cap-and-trade, More Renewables for Pa.

Pennsylvania Gov. Josh Shapiro announced a new state energy plan he says will ramp up renewable production and save ratepayers $252 million while generating $5.1 billion in clean energy investments.

IEA
Global CO2 Emissions Hit New High, Could Have Been Higher
Worldwide CO2 emissions hit a new record in 2023 but would have climbed even higher without the rapid adoption of clean technology.
Shutterstock
EPA to Strengthen Emissions Regs for Gas Power Plants
The Environmental Protection Agency is delaying new emissions restrictions for existing natural gas-fired power plants. 
BloombergNEF
BCSE Factbook: Federal Incentives Can’t Solve All Clean-tech Challenges

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.

EIA
Fossil Retirements to Slow Briefly as Solar and Storage Proliferate
The U.S. Energy Information Administration reports that fossil fuel generation retirements will slow in 2024 and that solar and storage will dominate capacity additions. 
Minnkota Power Cooperative
DOE Announces $890M in IIJA Funds for CCS Demonstration Projects
Coming on the heels of COP28 in Dubai - and its weak call for a reduction in fossil fuel use - some researchers and advocates continue to argue that the normalization of CCS will simply prolong the burning of fossil fuels and the emissions they produce.

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