News

‘Greenflation’ a risk for renewable energy, but long-term viability intact

Source: By Divya Chowdhury in Mumbai, Lisa Pauline Mattackal and Aaron Saldanha in Bengaluru, Reuters • Posted: Tuesday, November 23rd, 2021

Rising prices of commodities needed for renewable energy will increase the costs of setting up new green power projects, but this will be balanced by better access to funds and economies of scale, policy advisers and an investor said. The rising costs, as well as supply chain problems for some of the commodities and goods needed for green projects, won’t be a long-term threat to the economic viability of clean energy, they told the Reuters Global Markets Forum last week.

Northeast grid rules could make or break clean energy

Source: By Miranda Willson, E&E News • Posted: Tuesday, November 23rd, 2021

New England’s grid operator is considering an overhaul of regional power market rules that could determine whether Northeast states meet their clean energy goals, creating uncertainty in a region pivotal for reaching President Biden’s push for 100 percent clean electricity. With no fossil fuel production and broad interest among the states in advancing clean energy, New England could be a case study on how to develop a multistate carbon-free power market, observers say.

In reversing Trump smog rule, EPA flunks Colo. petroleum hub

Source: By Sean Reilly, E&E News • Posted: Tuesday, November 23rd, 2021

Colorado oil and gas producers are facing the prospect of tougher smog regulations as EPA completes its latest about-face on a series of contested Trump-era air quality compliance decisions.
In a final rule signed last week, EPA opted to declare all of Weld County, which sprawls north of Denver to the state line, out of compliance with its 2015 ground-level ozone standard. The county accounts for the bulk of Colorado’s oil and gas output.

How Tax Credits and Government Subsidies Have Aided the Electric-Vehicle Market

Source: By Nora Naughton and Christina Rogers, Wall Street Journal • Posted: Tuesday, November 23rd, 2021

The Biden administration has made electric vehicles, and the batteries that power them, a big part of its policy efforts to combat climate change. Other countries, particularly in Europe and Asia, are also pushing to accelerate EV adoption with their own incentives and regulatory requirements. Here is a look at the government’s role in helping to jump-start the electric-vehicle market and how that is evolving in the current political landscape.

This Houston tech company wants to build renewable energy-run bitcoin mines across Texas

Source: By MacKenzie Sigalos, CNBC • Posted: Tuesday, November 23rd, 2021

“I think the fact that it’s all energy companies investing suggests that we have a shared vision of the role bitcoin mining should play in the grid,” said Lancium Chief Executive Officer Michael McNamara. Bitcoin mining serves two purposes: To create new coins and to maintain a log of all transactions of existing digital tokens. To do that, miners around the globe contribute their computing power to verifying all bitcoin transactions. 

President Biden will tap into U.S. oil reserves in concert with other nations.

Source: By Zolan Kanno-Youngs and Stanley Reed, New York Times • Posted: Tuesday, November 23rd, 2021

Working in concert with five other countries, President Biden on Tuesday ordered the release of oil from the nation’s emergency stockpile as Americans face rising gas prices amid a jump in inflation ahead of the holiday season, according to senior administration officials. The administration will tap into 50 million barrels of crude in the Strategic Petroleum Reserve. Britain, China, India, Japan and Korea will also open up their oil reserves in an effort to combat soaring global prices on oil.

EV Credit, Methane Fees: What $555 Billion Climate Plan Would Do

Source: By Ari Natter, Bloomberg • Posted: Monday, November 22nd, 2021

While mainstream environmental groups have cheered the bill, it’s been blasted by activists for failing to repeal oil industry tax breaks and for providing billions in subsidies that would prolong the life of coal-fired power plants through carbon-capture projects. A plan to compel utilities to generate electricity using clean power sources, and to fine those that don’t, was dropped after opposition from West Virginia Senator Joe Manchin, a key Democratic swing vote in the evenly-split Senate.

Inside the post office’s 122-year drive to EV mail delivery

Source: By Arianna Skibell, E&E News • Posted: Monday, November 22nd, 2021

The White House has a plan to revolutionize the way the U.S. Postal Service delivers mail. President Biden along with congressional Democrats want to overhaul all 228,000 postal delivery trucks and replace them with electric vehicles — flipping the largest civilian fleet in the federal workforce and ditching thousands of ancient vans that get 10 mpg. But the post office has been down this road before.

Northeast states abandon cap-and-trade plan for cars

Source: By Benjamin Storrow, E&E News • Posted: Monday, November 22nd, 2021

Another American carbon pricing plan has died. The Transportation and Climate Initiative — a cap-and-trade program covering cars in three Northeastern states and the District of Columbia — was abandoned last week after Connecticut Gov. Ned Lamont (D) and Massachusetts Gov. Charlie Baker (R) pulled the plug on the program.

Fight escalates over FERC gas, climate reviews

Source: By Carlos Anchondo, Niina H. Farah, E&E News • Posted: Monday, November 22nd, 2021

Federal energy regulators wrestled last week with the emerging question of how they can account for greenhouse gas emissions when reviewing new natural gas projects. Charged with approving major energy projects such as natural gas pipelines and export terminals, the Federal Energy Regulatory Commission historically has not considered proposed projects’ contributions to climate change, a position that has drawn criticism from environmental groups, legal experts and Richard Glick, the commission’s Democratic chairman. Still, others say FERC’s authority is narrowly defined by Congress and doesn’t include mitigating greenhouse gas emissions.