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May 21, 2024

Carbon Capture

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.
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BNEF Summit: Oil, Gas Execs Argue for Key Role in Energy Transition
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. 
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
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.

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Utility CEOs See Ongoing Role for Gas, Nuclear in Decarbonization
Utility executives told state regulators that natural gas and nuclear power will be part of the electric mix for decades as the industry decarbonizes.
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.

DOE
Can DOE Accelerate US Energy Transition as 2024 Election Looms?

DOE is focused on reshaping the U.S. energy landscape, but officials may have only another year to build the momentum needed to make any potential Republican rollbacks unpopular and unlikely.

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.
EDF Renewables
COP28: 118 Countries Pledge to Triple Renewables to 11,000 GW by 2030
Renewables pledge calls for ending investment in new coal-fired power plants, "which is incompatible with efforts to limit warning to 1.5°C.”
Shutterstock
DOE Offers $3.5B for Domestic Battery Manufacturing, $444M for Carbon Storage
DOE announced a pair of funding opportunities for battery manufacturing and carbon storage designed to spur grid storage, electrification and emission reductions.

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