How we got here and what to expect.
New air quality regulations, including the Cross-State Air Pollution Rule, have prompted substantial investments in emission control upgrades. But a series of additional standards—for mercury, toxins, cooling water and ash residue—are driving delays and shutdowns in the coal-fired power fleet. Investment decisions depend on a clear understanding of where EPA is headed, and how the new regulations will affect generators’ costs—and market prices.
The great debate over emissions allowance distribution.
Various approaches to distributing emissions allowances spark a heated debate over costs and fairness, but the allocation methodology doesn’t determine whether a regulatory scheme will reduce emissions. Auctioning allowances and distributing them for free both offer advantages and challenges for a successful cap-and-trade system.
Emissions regulations are reshaping the U.K. and Irish energy markets.
George Given and Ayse Sabuncu
As U.S. policymakers consider how to tackle the challenge of greenhouse-gas constraints, the U.K.’s approach to the problem offers instructive examples.
Several new LNG plants are under construction, but firm supplies remain scarce. Will empty terminals alleviate gas-price pressures?
To better understand the evolving outlook for LNG and its role in the U.S. gas market, Fortnightly assembled a group of LNG specialists with various perspectives on the issues.
New provisions nearly eliminate the financial impacts of the rule’s ozone regulations.
Stephen T. Marron and John H. Wile
As of 2009, annual caps on NOx emissions imposed by the Clean Air Interstate Rule (CAIR) nearly will eliminate the financial impacts of CAIR’s ozone provisions. What does this mean for your utility?