Climate 411

Washington state’s cap-and-invest program demonstrates cost containment features with special August auction

By Caroline Jones / Published: August 17, 2023

Yesterday, the Washington State Department of Ecology (Ecology) released the results from Washington’s first Allowance Price Containment Reserve (APCR) auction, held on August 9th. At this auction, all 1,054,000 of the available APCR allowances were sold at the two APCR tier prices of $51.90 and $66.68, with 527,000 allowances available at each price tier. This auction, along with two previous sold-out cap-and-invest auctions, shows continued strong demand for allowances under Washington’s cap-and-invest program and demonstrates the important role that an APCR can play in building predictability and stability into allowances prices.

Also posted in California, Carbon Markets, Cities and states, Energy, Greenhouse Gas Emissions, Health, News, Policy / Comments are closed

IRA across the USA: 5 communities winning clean energy manufacturing jobs

By Derek Walker / Published: August 16, 2023

A year since the Inflation Reduction Act (IRA) was signed into law, this historic climate legislation has already led to $278 billion in private investment that will support more than 170,000 clean energy jobs across the country.

And the work is just getting started.

Manufacturing incentives in the law, which encourage companies to build the clean energy supply chain here in the U.S., are creating manufacturing jobs and new economic opportunities for communities. According to the BlueGreen Alliance, the IRA will spur an estimated 900,000 U.S. manufacturing jobs over the next decade. The law also pairs incentives with labor standards that protect and prepare workers by requiring fair wages and apprenticeships.

Get to know some of the towns and communities around the country that are winning these major manufacturing investments and getting ready to build the clean energy technologies that will power our future.

Also posted in Cities and states, Energy, Green Jobs, Innovation, Jobs, News, Policy / Comments are closed

To make nature financing more equitable, we must understand how NCS credits are used

By Guest Author / Published: August 15, 2023

This blog was authored by Julia Ilhardt, former High Meadows Fellow, Global Climate Cooperation.

At the end of last year, 196 nations agreed to the historic Global Biodiversity Framework, which includes the goal to protect 30% of land and sea area by 2030. Still, nature is woefully underfinanced, with investments in nature-based solutions needing to double to USD 384 billion per year by 2025, according to UNEP.

Also posted in Carbon Markets, Forest protection, News, REDD+ / Comments are closed

4 ways California should strengthen its cap-and-trade program

By Katie Schneer / Published: August 3, 2023

This blog was co-authored by Mary Catherine Hanafee LaPlante, Intern, U.S. Climate Policy

As the hottest summer on record scorches the state, California leaders are working to tackle the impacts of climate change head-on by strengthening an essential tool in their climate policy toolbox: the state’s cap-and-trade program.

Last year, the California Air Resources Board (CARB) finalized its Scoping Plan for Achieving Carbon Neutrality which recognized the importance of accelerating action this decade to put the state on track to achieve net-zero emissions by 2045 as well as 85% reductions below the 1990 level. Specifically, the Scoping Plan highlights that California needs to exceed its near-term goal and achieve 48% reductions below 1990 by 2030.

To reach these critical goals, CARB is evaluating potential amendments to its cap-and-trade program. With two workshops on the books, CARB is already making significant strides towards fortifying the program.

Here are four key opportunities for the state to strengthen the cap-and-trade program:

Also posted in California, Carbon Markets, Cities and states, Energy, Greenhouse Gas Emissions, Health, Policy / Comments are closed

New data shows Arizona EV jobs and investments Are soaring

By EDF Blogs / Published: August 1, 2023

This post was written by EDF’s Ellen Robo

One year ago this month, the Inflation Reduction Act put the pedal to the metal for investments in electric vehicle manufacturing – and it shows no sign of letting up.

In fact, U.S. EV investments are still growing at a breakneck pace.

Also posted in Cars and Pollution, Cities and states, Green Jobs, Jobs, News, Policy / Read 1 Response

Clearing the Air: California’s Leadership on Clean Trucks

By Alice Henderson / Published: July 28, 2023

A FedEx eStar electric truck in Los Angeles. Photo: Mr.choppers

This blog is co-authored by NRDC’s Britt Carmon, Guillermo A. Ortiz, and David Pettit. It originally appeared here.

California has long grappled with the challenge of improving its air quality, which ranks as the worst in the country. Heavy-duty diesel trucks, which are significant contributors to air and climate pollution, make it difficult for the state to achieve nationwide air quality standards. As such, it should be no surprise that the transportation sector remains the largest source of greenhouse gas emissions, not only in California, but nationwide as well. However, the scale of the problem is not insurmountable. California has also been at the forefront of regulating tailpipe and motor vehicle greenhouse gas emissions and has made steady progress towards cleaner air for decades.

Also posted in California, Cars and Pollution, Cities and states, Energy, Green Jobs, Greenhouse Gas Emissions, Health, Innovation, Jobs, News, Partners for Change, Policy / Comments are closed

Search
Get new posts by email
We'll deliver new blog posts to your inbox.

Subscribe via RSS
Categories
Categories