Demand fell for carbon allowances in the California-Quebec cap-and-trade program’s first auction of 2017, continuing a string of uneven results over the last year after auctions sold out for the program’s first three years. Much of explanation for this reversal revolves around legal uncertainty regarding the future of the program, however new quantitative analysis also points to emissions allowance oversupply.
President Trump is planning to announce a rollback of fuel efficiency standards today in Detroit, a move endorsed by U.S. auto dealers and auto manufacturers. But going in reverse on fuel efficiency is a terrible deal for American drivers that will cost the economy nearly $400 billion while adding nearly three billion tons of carbon dioxide to the atmosphere by 2050.
While wind and solar’s growth creates financial opportunity, they also open the door for new investment and customer savings from power use itself – a resource called demand response (DR). DR is a key market opportunity to save customers money and offer cost-competitive flexibility.
Wholesale electricity prices are at historic lows, threatening the underlying economics and fate of America’s existing nuclear fleet, just as many facilities are up for re-licensing. This leaves policymakers with tough choices on if — or how — they should intervene to save these plants. What’s a reasonable policymaker to do when considering nuclear power against the overall need for cheap, clean and reliable power?
There is considerable hullabaloo about the future of coal in America: Can it be resuscitated by slashing environmental protections, per the Trump Administration, or is it on a secular decline due to economics and other forces? And what energy policy strategies make sense for this changing environment?
The Trump administration has prioritized repealing the Clean Power Plan , but new analysis shows that repealing the rule would cost the U.S. economy hundreds of billions of dollars, add more than a billion tons of greenhouse gases to the atmosphere, and cause more than 100,000 premature deaths.
Has energy storage’s moment arrived, or is it still just around the corner? As technology costs decline while battery deployments proliferate, existing niche markets for storage will expand, opening new markets and value-streams.
In a recent meeting with U.S. auto executives, President Trump hinted his administration will try to roll back America’s fuel efficiency standards for cars and trucks. This would be a profound disservice to American consumers, military men and women, and the environment. By 2050, a rollback on these standards would cost America nearly half a trillion dollars, add billions of tons of carbon dioxide to the atmosphere, and cause thousands of premature deaths.
California’s cap-and-trade program is starting 2017 on a strong note ahead of its first quarterly auction on February 22. Despite an uneven performance last year, the state’s carbon market is strengthening through rising prices as legal certainty over its future takes shape.
Many states are examining a “value of solar” rate to resolve net energy metering disputes. However, by valuing only solar, they are missing the opportunity to take advantage of other growing distributed energy resources (DER) like energy efficiency, demand response, or energy storage.