President Trump is preparing to issue an executive order on climate change, which could disassemble former President Obama’s Clean Power Plan and end the moratorium on federal-land coal mining. The Environmental Protection Agency (EPA) has already issued an order informing power plants that they no longer need to report CO2 emissions’ data.
The UK government is preparing to intervene to control energy prices because the market is “manifestly not working” for consumers, according to Prime Minister May. The Government has faced repeated calls for a fixed price cap on energy tariffs amid accusations that the so-called Big Six energy companies are not competitive enough on pricing.
A switch from coal to gas helped keep energy-related carbon dioxide emissions flat in 2016 for the third year in a row, according to the International Energy Agency (IEA), after many years of steep growth. However, most of the improvement did not come as a result of policies designed to cut CO2 emissions.
The European Commission has approved a €420 million (£364m) Czech support scheme for electricity generation from high-efficiency combined heat and power (CHP) plants under EU state aid rules. The Commission concluded the measure would support EU energy and climate change goals without unduly distorting competition.
The U.S. Environmental Protection Agency (EPA) is withdrawing its request that owners and operators in the oil and natural gas industry provide information on equipment and emissions at existing oil and gas operations. The withdrawal is effective immediately, meaning owners and operators, including those who have received an extension to their due dates for providing the information, are no longer required to respond.
UK gas and power regulator, Ofgem, is proposing to cut the embedded subsidies enjoyed by smaller distributed generators, down from the current level of around £45/kW – double the clearing price for the 2016 Capacity Market auction – to just £2/kW. The changes could come as a blow to many smaller gas fired plants, which make up a significant share of such generators.
Last week finally saw an agreement between European Union national governments on the future of the Emission Trading System (ETS) carbon market, after talks that lasted 18 months. The deal could be bullish for gas demand, with the number of carbon credits constrained as the 2020s progress, adding to the cost of coal fired power generation, and making gas – which emits less than half the CO2 of coal – more attractive.