carbon reductions
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Coal
Duke Energy Eyeing Coal Phaseout by 2035
Duke Energy, the nation’s largest power producer, will dramatically slash coal generation’s share from the current 22% of total generation to 5% by 2030 and achieve a full phaseout of unabated coal by 2035. The company instead expects to deploy more than $130 billion over the next decade—$63 billion of which it will spend over […]
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Coal
AEP Will Shutter Nearly Half its Giant Coal Power Fleet—5.6 GW—by 2030
American Electric Power (AEP) will shut down or refuel 5.6 GW of its 2020 coal-fired power fleet by 2030 to comply with environmental rules—including recent revisions governing federal coal ash and effluent limitations—and rebalance its portfolio in a bid to meet ambitious climate goals. The move is bold for the Columbus, Ohio-based generating giant, which […]
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Legal & Regulatory
Europeans Praise the Clean Power Plan While Yawning in Reaction
By now, power industry watchers are familiar with how U.S. interests are reacting to the Environmental Protection Agency’s final release on August 3 of the Clean Power Plan. But what about the rest of the world—especially Europe, which has long been seen as taking a stronger stand on greenhouse gas emissions? Some key European officials […]
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Renewables
California Plans for Even More Renewable Power in Its Future
With the landslide re-election of Governor Jerry Brown, California looks certain to continue its suite of low-carbon policies, including the AB32 cap-and-trade program for greenhouse gases, energy efficiency programs funded to the tune of a billion dollars a year, and its renewables portfolio standard (RPS) of 33% by 2020. In fact, Gov. Brown has suggested […]
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