The top ten utilities have set goals for emissions reduction. It’s less clear what’s driving them.
As my post on Monday indicated, the top ten utilities have all announced plans for cutting carbon in the next several decades. Some of these utilities, like PG&E or ConEd, operate in states that have ambitious climate policies. It’s easy to see why utilities in New York or California would be setting their own targets. …CONTINUE READING
It’s not just the shortcomings of Joe Manchin. Climate legislation is an inherently tough political challenge.
Yesterday, Joe Manchin announced that he couldn’t support the Build Back Better reconciliation bill. Unless Biden can somehow coax him back to the negotiating table, that dooms what would have been a major breakthrough in climate policy. Manchin bears responsibility for this deeply regrettable decision. But climate legislation is hard, even in more favorable political …CONTINUE READING
An esoteric field of law has become exciting and important.
Energy law used to be an obscure niche subject. It was devoted to subjects like oil and gas leases, the proper inflation adjustments in utility rates, and depreciation schedules for power plants. Utilities were famously set in their ways, using nineteenth century technologies to produce and deliver their products. Only specialists really paid much attention. …CONTINUE READING
Nebraska has become the first solid Red state to adopt climate targets
Last week, Nebraska became the first state under complete Republican control to adopt a 2050 goal of net-zero emissions from the grid. No Democratic presidential candidate has carried the state in almost fifty years (and the last previous time was before World War II). Republicans have controlled the state legislature and governor’s mansion since this …CONTINUE READING
The House takes an important step toward transforming the energy system
Last Friday, the House passed its version of the Build Back Better Act. Due to a quirk in parliamentary procedure, the Senate will be able to consider the $1.7 trillion bill under the “reconciliation” process, which means no filibuster is allowed. It remains unclear whether anyone can wrangle all fifty Senators into supporting some version …CONTINUE READING
What the current fossil fuel energy crisis means for climate and clean energy policy
Pick up any newspaper and it is clear that much of the world is experiencing a series of interrelated energy price shocks. In Europe and the UK, natural gas prices are up by more than 500% over the last year, hitting all-time highs earlier this month. In the US, even with abundant supplies of natural …CONTINUE READING
Illinois passes pathbreaking energy law.
Last week, Illinois’s governor signed into law a major piece of climate legislation. The law deserves more attention than it has received. Sadly, however, Illinois seems to be something of a neglected stepchild in the media. That’s a pity, because there are some important lessons in Illinois’s experience, both for the Midwest and the country …CONTINUE READING
The bill gives the Feds broad authority to authorize transmission projects.
We will need a much more robust transmission in coming years. Sources of renewable energy, such as Iowa wind farms, are often located far from the urban centers that need the power. Transmission also helps to deal with weather issues that may impact renewables: even if it’s too cloudy for solar in one state, the …CONTINUE READING
New climate legislation sets a high bar for other states.
On Wednesday, Oregon Governor Kate Brown signed a package of four clean energy bills. These bills move Oregon to the forefront of climate action. These laws ban new fossil fuel plants and set aggressive targets for the state’s two major utilities, requiring emission cuts of 80% by 2030, 90% by 2035 and 100% by 2040. …CONTINUE READING
China and the EU took important steps forward this week.
This week has seen some big climate moves on opposite sides of the world. The EU has proposed a major new climate plan. Meanwhile, China is ready to go live with its emissions trading system. The U.S. is at risk of being left behind. The EU’s proposal is impressive. The goal is to cut net …CONTINUE READING