Tag: Greenhouse gas emissions

How the Northeast’s Push for Hydroelectric Power Demonstrates the Challenges and Future Considerations for Renewable Energy

The United States’ continued build out of renewable energy, is giving rise to tensions between competing environmental interests.[1] One such conflict is between constructing more renewable energy infrastructure and the ecological damage that comes with it.[2]

Renewable energy is needed more now than ever as the U.S. continues to rely heavily on fossil fuels.[3] Most domestic greenhouse gas emissions are still caused by burning coal, natural gas, and hydrocarbons.[4] Despite a seven percent drop in global carbon dioxide emissions in 2020 due primarily to the COVID-19 pandemic limiting transportation emissions, these numbers figure to rise again as pandemic restrictions are lifted and travel resumes.[5] Switching from fossil fuels to renewable energy will mitigate water and air pollution, excessive water and land use, ecological loss, public health concerns, and climate change.[6]

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Final Carbon Capture Regs Seeks to Boost Development, but Challenges Remain

Seeking to clarify the incentives available to developers of projects that capture carbon emissions during emission, the U.S. Treasury Department and the Internal Revenue Service (IRS) released final regulations for Section 45Q of the Internal Revenue Code in early January.[1]

Section 45Q incentivizes tax equity investors to invest in carbon capture and sequestration (“CCS”) by making financing easier through liberalization of several concepts and provisions.[2] Notwithstanding Section 45Q, though, various costs, inconsistent public support, and transportation and storage challenges remain barriers to implementing CCS.[3]

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Analyzing Three Major Priorities under New FERC Chair Glick

Soon after taking office, President Biden nominated Richard Glick, a Democratic commissioner on the Federal Energy Regulatory Commission (FERC), as the Commission’s new chair.[i] Though the Commission is expected to maintain a Republican majority until Commissioner Neil Chatterjee’s term ends June 30, Glick has begun shifting the priorities of FERC, which regulates the interstate transmission and sale of electricity, natural gas, and oil, to align with President Biden’s ambitious energy and environmental goals.[ii] The following examines Glick’s three main priorities under the new administration, each of which could substantially change the energy regulatory landscape.

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