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As Inflation Reduction Act Turns Two, Investments Reach $199 Billion, U.S. Jobs Top 200,000

The doom and gloom headlines you may have seen about electric vehicles are greatly exaggerated.

The rule is a vital step forward to better protect investors and markets

Recent extreme weather reveals how business as usual must rapidly change to keep up with physical climate risks to supply chain continuity.

Written Q&A with Mayor Rex Richardson on Climate and Economic Progress in Long Beach, California Long Beach, California, is showing communities around the country why embracing the clean energy economy is a winning strategy. Home to one of the busiest port complexes in North America, with a long reliance on revenue from oil and gas,

As the Regional Greenhouse Gas Initiative (RGGI) undergoes its third program review, it is critical that the program scale its ambition to both meet the demands of the climate crisis and to fully capitalize on the cost-saving potential of the Inflation Reduction Act (IRA) and the Infrastructure Investment and Jobs Act (IIJA). Ensuring ambitious reductions …

This blog was co-authored by Lulu August, State Climate Policy Intern This month marks five years since New York State’s Climate Leadership and Community Protection Act (CLCPA) was signed into law. At the time of its enactment in 2019, the groundbreaking climate law set New York apart as a national and global climate leader. Indeed,

The emerging hydrogen market presents opportunities and risks for investors. These key principles and due diligence questions offer a guide.

EDF Statement from Will Scott, Southeast Climate and Clean Energy Director

European banks face significant risk from oil and gas methane emissions in their portfolios. Our recommendations can help banks manage them.

Methane management is increasingly factored into the valuation of oil and gas assets. Investors need a clear picture of updated US methane rules.

The challenge is clear: if tropical deforestation were a country, it would rank fourth, only behind China, the US, and India in emissions. However, the solution is even clearer: these same forests can provide 23% of the cost-effective climate mitigation needed before 2030, if the right economic incentives are in place.[1] Despite numerous pledges, forest …

Analysis of a new jurisdictional REDD+ pricing guide for tropical forests nations by Environmental Defense Fund.

Is aquaculture sustainable? As with so many important questions, the inevitable—often infuriating—answer is, “it depends.”   As the U.S. looks to expand into open ocean aquaculture (usually between 3 and 200 nautical miles off the coast), we have the opportunity to get things right from the start. We can create diverse local jobs, build a more …

With shared ambitions to reach net zero, the shipping and finance industries must work together to accelerate sustainable shipping finance.

By Juan Pablo Hoffmaister, Associate Vice President, Global Climate Cooperation, and Zach Cohen, Senior Analyst, Global Climate Cooperation  As we face the triple planetary crisis of climate change, air pollution, and biodiversity loss, the need for urgent and united action is undeniable. Addressing these linked challenges demands more than just ambition—it requires collaboration, guided by …

By Morgan Rote and Chelcie Henry-Robertson As the U.S. invests billions in deploying its hydrogen strategy with the goal of decarbonizing industry and reducing emissions, the 45V Clean Hydrogen Production Tax Credit is the big ticket item on the table aiming to kick-start the emerging hydrogen economy. Unsurprisingly, everyone wants a share of this financial …

  By Anna Lorant and Guillaume Morauw The European Hydrogen Bank, a financing instrument that supports renewable hydrogen production within the EU and internationally, has just announced a €1.2 billion investment to help boost the renewable hydrogen economy, a cornerstone of the EU’s strategy to achieve climate neutrality by 2050. While many are focusing on …

Results were released today for Washington’s second quarterly auction of 2024, administered last Wednesday by the Department of Ecology (Ecology). During the auction, participating entities submitted their bids for allowances. Under the Climate Commitment Act, Washington’s major emitters are required to hold one allowance for every ton of greenhouse gas that they emit, with the …

While the price tag for acting on climate change is hefty, inaction is demonstrably more expensive.

  Florida is overwhelmingly dependent on natural gas imported from out of state to generate 75% of its power for customers like homes and businesses. Unfortunately, a loophole in fuel cost recovery policy creates financial incentives for outsized natural gas dependence, funded by Florida families and businesses through rates and Florida lacks a comprehensive process …

This blog post was authored by Lauren Beatty, High Meadows Postdoctoral Economics Fellow and Aaron Wolfe, Senior Economics and Policy Analyst. Methane pollution caused by oil and gas production in the U.S. is a major contributor to climate change and releases health-harming pollution into nearby communities. New EPA rules are projected to slash methane emissions from …

Authored by Juan Pablo Hoffmaister, Associate Vice President for Global Engagement at Environmental Defense Fund  The international climate community is convening in Bonn, Germany, for the 60th sessions of the Subsidiary Bodies of the UNFCCC this June—and they will set the tone for the next year of global climate engagement. The sessions in Bonn are …

This blog was co-authored by Sara Olsen, Project Manager, California Political Affairs Results of the latest Western Climate Initiative auction were released today, showing continued demand for allowances and confidence in the long-term stability of this landmark program. This auction is expected to generate roughly $1.1 billion for the Greenhouse Gas Reduction Fund (GGRF), which …