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Your weekly intelligence on Decarbonization Policy and Impacts
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As the opening of the summer season, Memorial Day weekend sees roads to the New Jersey shore jammed with sun and surf seekers, but the Garden State has also become a bellwether for climate action, as covered by NetZero Insider’s Hugh Morley. 


While shore communities have led opposition to offshore wind development, Morley reports that the Bureau of Ocean Energy Management’s final environmental impact statement for the Atlantic Shores project finds that major impacts on fisheries and tourism could occur even without the 200-turbine, 1,510-MW installation. 


Morley also listened in on the first of four public hearings the New Jersey Board of Public Utilities is holding to gather input on updating the state’s Energy Master Plan, with advocates calling for more aggressive action on cutting methane emissions and electrifying transportation. 


Meanwhile, the future of fossil fuel-fired generation continues to be a point of debate at both the federal and state level. The Edison Electric Institute has joined the litigation challenging EPA’s final rule on reducing greenhouse gas emissions from existing coal-fired power plants and new natural gas-fired plants, NetZero’s James Downing writes. 


In Massachusetts, the Department of Public Utilities approved contracts aimed at keeping the Everett LNG import facility up and running through May 2030, Jon Lamson reports. 


The White House has recently kept the focus on building out clean energy supply chains, with our K Kaufmann digging into what solar developers are saying about President Joe Biden’s latest action on to reinstate tariffs on solar cells and panels imported from Cambodia, Malaysia, Thailand and Vietnam. 


Kaufmann also covered a Senate Energy and Natural Resources Committee hearing where Sen. Joe Manchin (D-W.Va.) said he is still going to push hard to get a bipartisan permitting bill to the floor of the chamber. 


With the beginning of summer, stories in our curated content are focusing on the potentially lethal impacts of climate change, such as The New York Times article on the deaths of endangered howler monkeys in Mexico: They are literally falling out of trees in temperatures over 100 degrees.  


Houston continues to dig out from its recent deadly storms, which left more than half a million homes and businesses without power, the Associated Press reports, and local utility CenterPoint Energy said it could take days, or even longer, to completely restore power. 


Inside Climate News provides coverage of the International Tribunal of the Law of the Sea’s historic ruling that greenhouse gases are a form of marine pollution and that countries are legally obligated to “protect and preserve” oceans from climate change impacts. 


The battle over fossil fuels is also a major theme in our curated content with utilities and business groups in Kentucky spending a record $12.4 million to lobby for a bill that would create new obstacles to the retirement of fossil fuel-fired plants, the Kentucky Lantern reports. 


Andrew Wheeler, who headed EPA during the Trump administration, tells POLITICO that he is ready to start rolling back Biden’s climate rules should the former president win re-election in November. 


At the other end of the spectrum, the Inflation Reduction Act’s direct pay provisions are allowing municipal utilities to take advantage of clean energy tax credits and push for more deployment of renewable energy, according to analysis in Thomson Reuter’s Context news platform. 


Read on in this week’s Intelligence Report:


Jump To

Equity & Economics
Finance & Investing
Impact & Adaptation
Policy & Politics

 
 

Equity & Economics

Environmental Justice

International

The key to better climate outcomes? Respecting Indigenous land rights and autonomy.

A new conservation study carries important implications for global climate targets. Grist


New York

As New York's Offshore Wind Work Begins, an Environmental Justice Community Is Waiting to See the Benefits

A labor agreement guarantees jobs for unions, but making sure local residents are included remains a challenge. Inside Climate News


Workforce Development

International

Roadmap for energy skills transition secures backing from wind, oil and gas sectors

Energy industry leaders have aligned on a roadmap for a prototype 'energy skills passport' to enable cross-sector recognition of energy industry expertise and training. Renewable Energy Magazine


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Finance & Investing

Hawaii

Hawaiian Electric Shareholders Overwhelmingly Supported Exec Pay Raises In 2023

Hawaiian Electric Industries investors saw their stock's value plummet, their dividends disappear and the once-credit worthy company's bond rating cut to junk status in 2023. But that didn't stop the investors from supporting raises for the company's top executives. Civil Beat


International

Why banks consider renewable energy to be a riskier investment than fossil fuels

By analyzing global accounting regulations using data on European banks, our team of researchers identified a structural bias in financial models which are required to assess and report risk. Phys.org


Maine

Portland, Maine, could launch a 'trust fund' to fight climate change

The city council is voting on an ordinance that would sell off renewable energy credits from solar projects to pay for new emission-cutting efforts. Canary Media


Oregon

Clean energy fund surplus sparks tension in Pacific Northwest city

The Portland, Oregon, program has brought in millions of dollars more than originally anticipated, putting some city leaders and climate advocates at odds over how to proceed. Utility Dive


U.S.

Clean energy tax credit market poised to grow amid new transferability rules

A last-minute change to the Inflation Reduction Act of 2022 expanded opportunities for for-profit businesses, partnerships and some nonprofits to sell clean energy tax credits to eligible buyers. The U.S. Department of the Treasury on March 5 released final rules governing these sales. Facilities Dive


U.S.

Investors push for more disclosure on corporate lobbying

Resolutions related to lobbying and political spending have so far received the most support of socially oriented proposals this proxy season. GreenBiz


U.S.

Orsted wins $680 million JPMorgan backing for solar projects

The Inflation Reduction Act has spurred clean energy investment in the U.S. by extending existing tax credits and introducing new incentives, including the ability to sell tax credits on the open market. CNBC


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Impact & Adaptation

International

Historic' Advisory Opinion on Climate Change Says Countries Must Prevent Greenhouse Gases From Harming Oceans

The International Tribunal on the Law of the Sea's opinion said that greenhouse gases are a form of marine pollution and laid out governments' legal obligations to reduce that contamination and limit global warming. Inside Climate News


International

Significant Environmental and Climate Impacts Are Impinging on Human Rights in Every Country, a New Report Finds

In its annual State of the World's Human Rights report, Amnesty International also concludes that threats to environmental activists are growing globally. Inside Climate News


Michigan

Michigan leaders warn about the health impacts of climate change

As climate impacts become increasingly visible throughout Michigan, with heavy rainfall, extreme winter storms and the spread of smoke from Canadian wildfires impacting residents throughout the state, the Department of Environment, Great Lakes and Energy has set its sights on protecting the environment and public health for future generations. Michigan Advance


Heat Waves

International

Dead Monkeys Are Falling From Trees Amid Brutal Heat in Mexico

The deaths of dozens of howler monkeys may be the latest sign of the danger extreme temperatures pose to wildlife around the world. The New York Times


International

Heat Stress Is Hitting Caribbean Reefs Earlier Than Ever This Year

Scientists in the United States are reporting "unprecedented patterns" of surface warming, an ominous sign for coral. The New York Times


Wildfires

U.S.

More States Are Turning Off Their Electrical Grids To Prevent Wildfires -- But It's A Delicate Operation

Utilities must learn to communicate their decisions to the public, especially those whose medical care relies on power. Civil Beat


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Policy & Politics

Florida

Florida governor says he's restoring sanity by erasing climate change from state laws

While Floridians suffered through record heat, DeSantis signed legislation keeping "windmills off our beaches." Grist


Florida

Florida to repeal renewable energy goals

The goals, put in place in 2022, have called for utilities to gradually increase the amount of renewable energy that they produce or buy until reaching 100% renewable energy in 2050. CBS Miami


Georgia

Supreme Court petition targets 'relic of Jim Crow' in Georgia

Georgia Public Service Commission elections are in the crosshairs in a legal battle that has arrived at the nation's highest bench. E&E News


International

Top Oceans Court Says Nations Must Reduce Greenhouse Gas Emissions

Experts say the opinion, though nonbinding, is likely to lead to more claims for damages against polluting nations. New York Times


International

U.S. says tariff increases on Chinese EVs, batteries and chips to start Aug. 1

The largest two categories, making up $13.2 billion of the targeted imports from China in 2023, are both lithium-ion batteries. Reuters


Kentucky

Power plant debate helps push lobby spending to new high for Kentucky legislature

Legislation affecting power plant retirements helped drive spending to lobby the Kentucky legislature to a new high of $12.4 million during the 2024 session. Kentucky Lantern


Maine

A trust fund for Portland's climate progress

Proceeds from the sale of renewable energy credits could provide seed money for big climate projects. The Maine Monitor


Minnesota

Minnesota to sign Energy Infrastructure Permitting Act into law

The administration is aiming to build the industry from scratch, but it's unclear how large amounts of fuel will be transported. Renewable Energy World


Ohio

Ohio AG Yost is prosecuting others in utility scandal, but he won't discuss his own involvement

Ohio Attorney General Dave Yost this year brought criminal charges against four figures who were involved in the biggest bribery scandal in state history. But Yost's own name came up several times in the federal trial and his office last week again ignored detailed questions about the matter. Ohio Capital Journal


Ohio

Ohio ratemaking reform bill would give more favors to utilities, critics say

House Bill 260's requirement for regular ratemaking cases is a reform many have wanted for years. But critics say the bill's limits on transparency and stakeholder participation are the wrong way to go in the wake of House Bill 6. Energy News Network


Texas

Some Houston-area power outages could last weeks after deadly storms cause widespread damage

As the Houston area works to clean up and restore power to hundreds of thousands after deadly storms left at least seven people dead, it will do so amid a smog warning and scorching temperatures that could pose health risks. The Associated Press


U.S.

Climate Jobs Are Ramping Up, But a 'Just Transition' Is Necessary to Ensure Equity, Experts Say

As the U.S. floods the employment market with climate jobs, some are concerned about fossil fuel-dependent communities getting left in the dust. Inside Climate News


U.S.

Farm bill text released in U.S. House, setting up fight with Senate

The U.S. House Agriculture Committee has released the draft bill text of the long-awaited $1.5 trillion farm bill, which is likely to face opposition in the Senate from Democrats due to disagreements over federal anti-hunger programs and climate change requirements. Colorado Newsline


U.S.

FERC passed big transmission reforms; now the hard part begins

Utilities and regulators have a lot of work ahead to enact new federal grid planning reforms -- and to overcome political and financial interests. Canary Media


U.S.

For a Green Transition, Decommodify Electricity

To decarbonize, public investment in clean power and reclaiming electricity as a public utility are essential. Jacobin


U.S.

Power to the people propels U.S. green energy transition

New "direct pay" rules finalized in March by the federal government will allow cities, states, non-profits, rural cooperatives and more to receive those incentives directly. Context


U.S.

Senate Democrats Open Inquiry Into Trump's $1 Billion Request of Oil Industry

Two committees are seeking information from oil executives about a dinner where, the lawmakers say, the former president proposed a quid pro quo. The New York Times


U.S.

Sens. Manchin, Barrasso craft bipartisan permitting reform bill amid growing load forecasts

American Electric Power has inquiries from potential customers to add 108 GW across its service territory, Ben Fowke, interim president and CEO, said at a Senate hearing. Utility Dive


U.S.

Treasury, IRS release guidance on domestic content bonus

To get the bonus, all manufacturing processes for steel and iron components must take place in the United States. Further, a required minimum percentage of the costs of the manufactured products and components that comprise a facility must be mined, produced, or manufactured in the United States. Daily Energy Insider


U.S.

Trump's EPA chief thinks Biden's climate rules are doomed. But will Biden's dollars survive?

Andrew Wheeler also doesn't rule out returning for Trump 2.0: "Whenever a president or a governor asks you to do something for your country, you step up and you do it." POLITICO


Vermont

Vermont passed a bill making Big Oil pay. Now comes the hard part.

The state still has to figure out how much individual fossil fuel companies must pay for the impacts of climate-driven disasters. Grist


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