Read the article in Politico here.
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British carbon prices rise after news of deal on EU link
Britain and the European Union will work towards linking their respective carbon markets as part of a wider reset in relations, they said on Monday, leading to a 6% rise in British carbon prices. Both the EU and UK charge power plants and other industrial entities for each metric ton of carbon dioxide they emit as part...
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Full Expensing is a Pro-Growth, Pro-Environment Policy
With the crafting of a reconciliation package in full swing, the fate of the Inflation Reduction Act (IRA) hangs in the balance. Much of the discussion in Washington has centered on what will happen to the energy tax credits. In a new paper, we outline how full expensing is a pro-growth, pro-environment policy that doesn’t pick winners and losers.
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Report: Repealing Electric Vehicle Tax Credits Would Save Taxpayers Hundreds of Billions
When the federal government introduced the electric vehicle tax credit in 2008, policymakers designed it as an infant industry credit.A new Institute for Energy Research report suggests that repealing IRA-specific EV subsidies could save taxpayers $300 billion over the next decade.
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AI economic gains likely to outweigh emissions cost, says IMF
Economic gains from artificial intelligence will boost global output by around 0.5% a year between 2025 and 2030, outweighing the costs of rising carbon emissions by the data centres needed to run AI models, the International Monetary Fund said on Tuesday. An IMF report released at its annual spring meeting in Washington nonetheless noted that those output...
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California’s Fuel Industry Is Shrinking
California will see almost one-fifth of its crude-processing capacity vanish in the next 12 months as two key refineries quit the business of turning oil into fuels. Valero Energy Corp. and Phillips 66 plan to idle a combined 284,000 barrels of daily refining capacity by this time next year, moves that will squeeze the perennially tight motor-fuels...
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Google signs first offshore wind power deal with CIP in Taiwan
Google has announced the signing of a power purchase agreement (PPA) with Copenhagen Infrastructure Partners (CIP) to procure renewable energy from the upcoming Fengmiao 1 wind farm in Taiwan. The agreement marks Google’s first offshore wind PPA in Taiwan and the Asia-Pacific region. It will enable Google to secure cost-effective and carbon-free electricity to meet the...
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Hydrogen: The Next Texas Energy Frontier
Texas is proud to be the energy capital of the world, producing nearly half of American crude oil and more wind and solar than any other state. Today, Texas is poised to dominate yet another new renewable energy source: hydrogen. This new energy frontier has the potential for billions of dollars in economic and environmental benefits for...
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Amazon Launches New Carbon Market Initiative
With the recent launch of its new carbon credit service, Amazon is reinforcing its climate leadership by offering its suppliers, business customers, and Climate Pledge signatories access to scientifically verified carbon credits.
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Oil Titans Uneasy Over Tariffs and Crude Prices Meet With Trump
The chief executives of more than a dozen oil companies will deliver a message of gratitude — as well as caution — when they meet with President Donald Trump on Wednesday. Industry leaders say they have plenty of reasons to give thanks. Trump is an unabashed champion of US oil and gas production who has vowed to...
