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New Jersey utility Public Service Enterprise Group (PSEG), facing state clean energy mandates and an economic imperative to shift its business to regulated assets, is seeking to exit its merchant fossil and solar generation business, while retaining its nuclearpower plants and exploring a major expansion into offshore wind.
To recap, the carbon footprint of hydrogen production from natural gas in a steam methane reformer (SMR) is higher than from directly burning the natural gas. However, the laws of thermodynamics require that it always takes more energy to split water into hydrogen and oxygen than you can obtain from the hydrogen. O 2 + 2 H 2.
Methane and Superfund. -$15 Current law taxes the performance-based compensation paid to managers of certain investment partnerships at long-term capital-gains rates rather than as ordinary income provided that a three-year holding period is met. ZERO EMISSION NUCLEARPOWER PRODUCTION CREDIT. . -$100 billion. . .
Only existing state laws and regulations as of January 2023 are included in the model. The five policies are: clean electricity standards, zero-emission vehicle standards, clean building equipment standards, industrial efficiency and emissions standards, and standards for methane detection, capture, and destruction.
based Center for International Environmental Law has reported. All shared Wilson’s goal of producing an authoritative account for governments on how the world could power itself to the end of the century. “New Shell’s interest in climate research continued, nevertheless.
Further, many of the largest businesses are state- or family-owned, beholden not just to the laws of the free market, but political dynamics to boot. BioLNG can be used as a drop-in fuel replacement and due to the higher methane concentration, BioLNG is often a better burning fuel. The biggest shipping companies (i.e.,
billion including debt, giving a major boost to its goal to reach net-zero emissions of carbon and methane by 2050. Dominion has long held significant political influence in its home state; laws passed in 2015 and 2018 limited oversight of customer rates and large capital projects from the Virginia State Corporation Commission (SCC).
Some of these cases have been brought under consumer fraud or protection laws that penalise companies for misrepresenting their products to the public. ” Wilkinson returned to this dilemma in his conclusion, again noting the dangers posed by “emissions and discharges” caused by fossil fuels and nuclearpower.
The problem is that today, most hydrogen is made with the help of fossil fuels — mostly through a process called steam-methane reforming that produces carbon dioxide emissions. Methane is an even more powerful greenhouse gas than CO2, and routinely escapes along the supply chain from production to final use.
An electrolyzers relationship with the power grid whether it causes fossil fuel power plants to increase their output affects the carbon intensity of hydrogen production. Methane-based hydrogen involves splitting hydrogen from methane molecules, typically using another source of methane to provide heat.
Opportunity to Inform Implementation of CA Climate Risk Disclosure Laws The California Air Resources Board (CARB) is soliciting feedback from stakeholders to help inform its implementation of the states climate disclosure laws, SB 253 and SB 261. The deadline for responses to this request for input is March 21, 2025. Sets as U.S.
The oil major’s “Princeton Carbon Mitigation Initiative” document from April 2016 also concedes that CCS is not faring as well as renewable energy, noting that wind, solar, and vehicle fuel efficiency are taking off while carbon capture, hydrogen, and nuclearpower are “faltering.”
Austin Wall was attending an environmental law conference at the University of Tennessee not long ago when, during a discussion of natural gas pipeline projects, a map appeared on the screen and gave him a surprise. I’m like, hold up, that Google Maps looks really familiar to me,” the 25-year-old law student said. “I
Austin Wall was attending an environmental law conference at the University of Tennessee not long ago when, during a discussion of natural gas pipeline projects, a map appeared on the screen and gave him a surprise. I’m like, hold up, that Google Maps looks really familiar to me,” the 25-year-old law student said. “I
It is important to note that while natural gas carries a lower carbon dioxide footprint when compared to coal, it also results in methane leaks up and down the supply chain. Methane arguably wipes out the perceived benefit of gas over coal. Another tranche of bills is aimed at supporting nuclear energy.
Barring any late Congressional dramas, President Joe Biden could sign the Inflation Reduction Act (IRA) into law before the week is out, triggering a multi-billion dollar green investment bonanza that promises to drastically accelerate US emissions reduction efforts. The US is set to get its first ever carbon equivalent tax - on methane.
Last week, negotiators broke a long-standing deadlock and approved standards to govern the trade of emissions credits among countries — which could finally lay down the law in the “Wild West” that is the Voluntary Carbon Market (VCM) and unlock new investment.
Plus, the EU’s Corporate Sustainability Reporting Directive (CSRD) and California’s climate disclosure laws already require emissions and risk disclosures, and New York is reintroducing similar rules. Trellis Road), and Norrsken Launcher. Can’t get enough deals?
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