by RMI
The past few years have seen much ado about ESG — shorthand for “environmental, social, and governance,” a trio of non-financial factors that have become priorities for the public, investors, and regulators. But as ESG has begun to shift from a talking point to a regulatory mandate, consensus has given way to controversy, polarizing debate over its very definition, reliability, and benefit.
By Energy News Network
Seventeen years after its founding, the nation’s first cap-and-trade system for greenhouse gases has become a flashpoint across the eastern United States, with lawmakers in two states vowing to exit the program and environmental advocates calling to reform it.
RISE Energy Services
After several start/stops with its Build Back Better legislation in 2021, Congress is once again trying to enact a spending bill that will spur investment in America’s energy transition. While the spending package is far from final, RISE is here to provide the essential information on how the energy portions of the proposed law will impact your business.
Archaea
Archaea Energy Inc. (“Archaea”) (NYSE: LFG), an industry leading renewable natural gas (“RNG”) company, announced today that its wholly-owned subsidiary Archaea Energy Marketing LLC has entered into a medium-term RNG purchase and sale agreement with UGI Utilities, Inc. (“UGI Utilities”), a Pennsylvania-based natural gas and electric utility and wholly-owned subsidiary of UGI Corporation (NYSE: UGI). UGI Corporation is a distributor and marketer of energy products and services, including natural gas, liquified petroleum gas, electricity and renewable energy solutions.
Reuters
Efforts to reach carbon neutrality by 2050 are likely to remain out of reach as copper supply fails to match demand amid growing use of solar panels, electric vehicles and other renewable technologies, data from S&P Global showed on Thursday.
Utility Dive
The Environmental Protection Agency cannot set fleet-wide greenhouse gas emissions limits for existing power plants under the Clean Air Act’s Section 111(d), the Supreme Court ruled Thursday.
MSCI
The latest quarterly Net-Zero Tracker published by MSCI, a leading provider of critical decision support tools and services for the global investment community, reinforces the urgent action required from the world’s listed companies to meet the 1.5°C target set by the Paris Agreement. All listed companies must each reduce their total carbon intensity by 8-10% every year until 2050 if the 1.5°C target is to be met. Only 39% of companies reduced emission intensity by that amount between 2019 and 2020.
Commercial Observer
New York City’s oft-maligned Local Law 97, which requires owners of most larger buildings to reduce their carbon emissions, has been subject to criticism and even a lawsuit calling the measure financially burdensome and unconstitutional. But for some developers, the law has proven to be a welcome catalyst for pursuing environmentally friendly developments — ones with the potential to be quite profitable.
PJM
PJM Interconnection announced today the successful procurement of resources in its annual capacity auction to meet electricity needs and ensure reliable service for the 2023/2024 Delivery Year. The auction results reflect a reliable and lower-carbon resource mix achieved at a low cost to consumers. Prices for the 2023/2024 Delivery Year were lower than in the previous auction for the 2022/2023 Delivery Year. As a result, sufficient resources plus robust reserve levels were procured at a cost of $2.2 billion, compared with approximately $4 billion for the current 2022/2023 Delivery Year.
CNBC
Volvo Trucks said Monday that it had begun to test vehicles that use “fuel cells powered by hydrogen,” with the Swedish firm claiming their range could extend to as much as 1,000 kilometers, or a little over 621 miles.