Tag:Carbon Capture

1
California Passes Suite of New Climate Bills Aimed at Reducing Emissions, Stimulating Carbon Capture, and Implementing Buffers
2
The Energizer – Volume 101
3
The Energizer – Volume 88
4
Carbon Quarterly – Volume 3
5
The Energizer – Volume 84
6
The Energizer – Volume 83
7
The Service’s CO-Balancing Act: Final Carbon Capture Credit Regulations Target Broad Taxpayer Implementation and Administrability
8
The Sun Also Rises: Congress Votes to Stimulate the Renewable Energy, Efficiency, Carbon Capture, and Storage Industries
9
Eye on the Election: Potential Impact on Tax Incentives for Power and Related Industries
10
The Energizer – Volume 63

California Passes Suite of New Climate Bills Aimed at Reducing Emissions, Stimulating Carbon Capture, and Implementing Buffers

By: David Wang, Elizabeth C. Crouse, Buck B. Endemann

On August 31, 2022—the last day of the 2022 legislative session—California legislators passed a package of climate bills aimed at reducing statewide emissions, stimulating the carbon capture industry, and implementing buffers between communities and oil and gas developments. The bills include $54 billion in climate-related spending and come on the heels of other state and federal efforts to reduce carbon emissions across many sectors of the economy.

The package contains the following bills:

  • AB 1279, which codifies California’s existing goal of carbon neutrality by 2045.
  • AB 1757, which requires the state Natural Resources Agency to establish targets for natural carbon sequestration and nature-based climate solutions.
  • SB 846, which authorizes the Diablo Canyon nuclear power plant to continue operations until December 31, 2030, and provides Pacific Gas & Electric Company (“PG&E,” the plant’s operator) with a $1.4 billion loan to help facilitate those operations.  While Diablo Canyon was originally going to be retired by 2025, many saw Diablo Canyon’s 2,256 MW as critical for providing carbon-free power during the afternoon and evening ramp.
  • SB 905, which directs the California Air Resources Board (“CARB”) to establish a program to evaluate the efficacy, safety, and viability of carbon capture, utilization, or storage (“CCUS”) and carbon removal technologies. The bill also requires CARB to adopt various regulations governing CCUS and carbon removal projects, including a unified permit application for such projects and measures to minimize leakage from carbon storage reservoirs.
  • SB 1020, which sets interim targets regarding retail sales of electricity. Current law requires 100 percent of all energy sales to California end-use customers to be supplied by eligible renewable energy sources or zero-carbon resources by 2045.  SB 1020 sets interim targets of 90 percent by 2035 and 95 percent by 2040. SB 1020 also requires state agencies to source 100 percent of their energy from eligible renewable or zero-carbon resources by 2035—ten years earlier than the current target.
  • SB 1137, which establishes 3,200-foot buffer zones between oil and gas facilities or wells with a wellhead and facilities that qualify as “sensitive receptors,” including private homes, schools, community centers, nursing homes, hospitals, and prisons.

Legislators failed to pass AB 2133, which would have made stricter California’s emissions reduction goals (raising from 40 percent to 55 percent the reduction below the state’s 1990 emissions levels that California would have to meet by 2030).

Each bill now goes to Governor Gavin Newsom to sign by September 30, 2022, which he is expected to do after publicly advocating for them earlier in August. The California legislature’s actions come several days after CARB announced a new rule that would require by 2035 all new cars, trucks, and SUVs sold in the state to be greenhouse gas emission-free. These state-level efforts complement recent federal efforts to catalyze and develop a low-emissions energy economy, notably the Infrastructure Investment and Jobs Act of 2021 (“IIJA,” or Bipartisan Infrastructure Law, which included $47.2 billion for improving climate resilience) and the Inflation Reduction Act of 2022 (“IRA,” which included $369 billion in climate-related spending, tax credits, and incentives). These initiatives represent a concerted effort on both the federal and state level to rapidly shift the economy towards low-emissions energy sources, and consequently provide ample opportunities for new investment opportunities, financing structures, and stakeholders.

CLICK HERE to subscribe to our alerts, blogs, newsletters and event notices.

The Energizer – Volume 101

By: Buck B. EndemannMolly K. BarkerMatthew P. ClarkNathan C. HoweNatalie J. ReidMaeve C. Tibbetts

There is a lot of buzz around clean technology, distributed energy resources (DERs), microgrids, and other technological innovations in renewable energy and clean transport industries, and how these developments can contribute to solving longstanding environmental justice issues. As these innovations develop, energy markets will undergo substantial changes to which consumers and industry participants alike will need to adapt and leverage. Every other week, K&L Gates’ The Energizer will highlight emerging issues or stories relating to the use of DERs, energy storage, emerging technologies, hydrogen, and other innovations driving the energy industry forward.

IN THIS ISSUE

  • Department of Energy Announces US$25 Million in Funding to Study Clean Hydrogen for Electricity Generation
  • Department of Energy Announces US$3.5 Billion Carbon Capture Program
  • Hawai‛i Lawmakers Considering a Cap on Renewable Energy

The Energizer – Volume 88

By: Buck B. Endemann, Daniel S. Cohen, Olivia B. Mora, Molly K. Barker, Natalie J. Reid, Matthew P. Clark, Nathan C. Howe, Oretha Manu

There is a lot of buzz around clean technology, distributed energy resources (DERs), microgrids, and other technological innovations in renewable energy and clean transport industries, and how these developments can contribute to solving longstanding environmental justice issues. As these innovations develop, energy markets will undergo substantial changes to which consumers and industry participants alike will need to adapt and leverage. Every other week, K&L Gates’ The Energizer will highlight emerging issues or stories relating to the use of DERs, energy storage, emerging technologies, hydrogen, and other innovations driving the energy industry forward.

IN THIS ISSUE: 

  • NJ BPU Issues Proposal to Replace Solar Incentive Program
  • ExxonMobil Proposes Multi-billion Dollar Carbon Capture Project
  • Breakthrough in “Massless” Energy Storage Paves the Way for Lighter Electric Vehicles

Carbon Quarterly – Volume 3

By: Ankur K. Tohan, Elizabeth C. Crouse, Eric E. Freedman, Tad J. Macfarlan, Alyssa A. Moir, Laurie B. Purpuro, Cliff L. Rothenstein, Molly K. Barker, Matthew P. Clark, Brigid Landy Khuri, Natalie J. Reid, Dean Brower

No matter your views on climate change policy, there is no avoiding an increasing focus on carbon regulation, resiliency planning, and energy efficiency at nearly every level of government and business. Changes in carbon—and more broadly greenhouse gas—policies have the potential to broadly impact our lives and livelihoods. Carbon Quarterly offers a rundown of the latest developments.

IN THIS ISSUE:  

  • Carbon Policy
    • U.S. House Democrats Propose Comprehensive Legislation to Address Climate Change
    • Social Cost of Carbon Returns to US$51 Per Ton (For Now)
    • Scale Act Overview
    • Aligning Carbon Capture and Environmental Justice
  • Carbon Litigation and Regulation
    • Climate Change Litigation Reaches the Supreme Court
    • The Past—and Future—for Federal Regulation of Power Plant Carbon Emissions
  • Carbon Business
    • Utilities are Looking to Green Hydrogen to Provide Energy Storage
    • Compulsory Corporate Disclosures on Climate Commitments and Risk: Leveling the Playing Field or Mandating a New Field
    • Microsoft Carbon Removal Project
  • Carbon Spotlight
    • NextDecade–Taking Energy to the Next Level

The Energizer – Volume 84

By: Buck B. Endemann, Daniel S. Cohen, Molly K. Barker, Olivia B. Mora, Natalie J. Reid, Matthew P. Clark, Nathan C. Howe, Oretha Manu

A biweekly update on clean technology applications, distributed energy resources, and other innovative technologies in the renewable energy and clean transport sectors.

There is a lot of buzz around clean technology, distributed energy resources (DERs), microgrids, and other technological innovations in renewable energy and clean transport industries, and how these developments can contribute to solving longstanding environmental justice issues. As these innovations develop, energy markets will undergo substantial changes to which consumers and industry participants alike will need to adapt and leverage. Every other week, K&L Gates’ The Energizer will highlight emerging issues or stories relating to the use of DERs, energy storage, emerging technologies, hydrogen, and other innovations driving the energy industry forward.

IN THIS ISSUE: 

  • New GREEN Act Could Extend and Create New Credits for Renewable Energy, Energy Storage, Carbon Capture, and Electric Vehicles
  • Eight California Community Choice Aggregators Form Joint Powers Authority
  • Southeastern U.S. Utilities Request Federal Energy Regulatory Commission Approval for Energy Exchange
  • Green Hydrogen Joint Venture in Iberia Will Help Meet the European Union’s Carbon Goals  

The Energizer – Volume 83

By: Buck B. Endemann, Daniel S. Cohen, Molly K. Barker, Olivia B. Mora, Natalie J. Reid, Matthew P. Clark

A biweekly update on clean technology applications, distributed energy resources, and other innovative technologies in the renewable energy and clean transport sector.

There is a lot of buzz around clean technology, distributed energy resources (DERs), microgrids, and other technological innovations in renewable energy and clean transport industries. As these innovations develop, energy markets will undergo substantial changes to which consumers and industry participants alike will need to adapt and leverage. Every other week, K&L Gates’ The Energizer highlights emerging issues or stories relating to the use of DERs, energy storage, emerging technologies, hydrogen, and other innovations driving the energy industry forward. The Energizer also highlights important developments in environmental justice initiatives.

IN THIS ISSUE: 

  • Southwest Power Pool Grows Energy Markets Expanding Renewable Trading
  • Carbon Engineering and 1PointFive Are Developing a Direct Air Capture Facility
  • New Jersey to Install $166 Million Electrical Vehicle Charging Infrastructure
  • Boston Set to Launch its Community Choice Electricity Program
  • Wave Energy Technology Receives Substantial Funding

The Service’s CO-Balancing Act: Final Carbon Capture Credit Regulations Target Broad Taxpayer Implementation and Administrability

By: Elizabeth C. CrouseAaron C. Meyer, and Mary Burke Baker

Amid the headline-grabbing events of 6 January 2021, the U.S. Department of Treasury released final regulations under Code Section 45Q. Code Section 45Q provides for a U.S. federal income tax credit at varying rates to taxpayers that participate in various aspects of the process of sequestering carbon oxide and disposing of it in secure geologic storage, use it as a tertiary injectant in a qualified enhanced oil or natural gas recovery project, or utilize it in certain processes. 

The Sun Also Rises: Congress Votes to Stimulate the Renewable Energy, Efficiency, Carbon Capture, and Storage Industries

By: Elizabeth C. CrouseMary Burke BakerLaurie B. PurpuroElias B. Hinckley, and David P. Hattery

On 21 December 2020, the shortest day of the year in North America, the U.S. Congress passed a historic stimulus package. Among its more than 5000 pages, the bill includes important, if not quite historic, clean energy-related provisions ranging from new and extended tax incentives to government programs for research and development. Assuming the legislation becomes law, a new day for U.S. carbon capture, offshore wind, and many more renewable energy technologies may dawn.

Eye on the Election: Potential Impact on Tax Incentives for Power and Related Industries

Authors: Elizabeth C. Crouse, Mary Burke Baker, Jared D. Mobley, Joel D. Almquist, and Lauren M. Flynn

There is little doubt that the outcome of the 3 November federal election will be consequential for much of America, and that the consequences are likely to be very different depending on who sits in the Oval Office and the Senate after the inauguration. Of all the industries that employ Americans, the power and related industries such as oil and gas, carbon capture, and electric vehicles may experience the starkest consequences.

CLICK HERE to read the full alert.

The Energizer – Volume 63

By: Buck B. EndemannDaniel S. CohenMolly K. BarkerOlivia B. MoraAbraham F. JohnsNatalie J. ReidMatthew P. Clark

A biweekly update on blockchain technology applications, distributed energy resources, and other innovative technologies in the energy sector.

There is a lot of buzz around blockchain technology, distributed energy resources (“DERs”), microgrids, and other technological innovations in the energy industry. As these innovations develop, energy markets will undergo substantial changes to which consumer and industry participants alike will need to adapt and leverage. Every other week, K&L Gates’ The Energizer will highlight emerging issues or stories relating to the use of blockchain technology, DERs, and other innovations driving the energy industry forward. To subscribe to The Energizer newsletter, please click here.

IN THIS ISSUE:

  • Researchers Develop Innovative Method to Monitor Battery Health
  • Uppsala University Scientists Create Organic Proton Battery
  • Power Ledger and ekWateur Partner to Provide Blockchain-based Renewable Energy Trading Platform
  • Drax Group’s Carbon Capture and Storage Facility Becomes Fully Operational
  • Insolar and TRCA Collaborate on Distributed Energy Resources

To view more information on these topics in Volume 63 of The Energizer, CLICK HERE.

Copyright © 2024, K&L Gates LLP. All Rights Reserved.