The Biden administration just announced draft regulations that would require most coal-fired and gas power plants to capture and sequester up to 90 percent of their carbon emissions by the middle of the next decade, a move with the potential to transform the U.S. electricity sector and perhaps offer a boost to the fledgling domestic
California Green Hydrogen Update
As we previously covered, California has been working towards the development of “green hydrogen,” i.e., hydrogen fuel produced by splitting water into hydrogen and oxygen using renewable electricity. Most stakeholders acknowledge that green hydrogen is a critical (but predominantly untapped) resource that offers many climate and energy benefits. In a significant…
Consultation now open for proposed UK Carbon Emissions Tax
The UK Government has opened a consultation on a proposed UK carbon emissions tax with public submissions due by 29 September 2020.
The UK will no longer be participating in the EU Emissions Trading System (EU ETS), as of 31 December 2020. To enable the UK to meet its carbon reduction targets from 1 January 2021, the Government has proposed the establishment of a UK Emissions Trading Scheme (UK ETS), which would be preferably linked to the current EU ETS (as has, eventually, been done by Switzerland’s greenhouse gas emissions trading system). Subject to the success of negotiations on a linked UK/EU ETS, the UK has proposed an unlinked UK ETS or a proposed UK carbon emissions tax, by way of an alternative.
The carbon emissions tax would be intended to align with the EU ETS in regards to emissions monitoring, reporting and verification and apply to regulated installations currently participating in the EU ETS that exceed their annual tax emission allowance.…
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U.S. EPA takes historic action on aviation emissions
In a historic act, U.S. EPA proposed the nation’s first-ever greenhouse gas (GHG) emissions standard for aircraft on July 21, 2020. (Proposed Rule). Once the Proposed Rule is published in the Federal Register, the public will have 60 days to submit comments. There will likely be significant push back from environmental groups on the Proposed Rule; so it may be important to provide industry comments, where appropriate. U.S. EPA has stated it is hoping to issue a final rule in 2021.
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