Abstract
The past year was unusual due to major efforts to reform renewable energy and environmental policy laws that will affect the cost and environmental effects of renewable energy and natural gas facilities. Both the Federal Energy Regulatory Commission (FERC) and the President's Council on Environmental Quality started to reform the 40‐year‐old Public Utility Regulatory Policies Act (PURPA) and the 50‐year‐old National Environmental Policy Act of 1969 (NEPA), respectively. Both laws have had a good run; however, today's electricity and natural gas markets—as well as viewpoints regarding the use of fossil fuels, renewable energy, and climate change—are very different from what they were when Congress passed both bills. The reforms may take away the competitive advantages long enjoyed by new renewable energy projects that receive state subsidies, lower the cost of payments to wind and solar power by electric utilities, and roll back a growing trend calling for the effects of federal actions on climate change. All the while, electric battery storage is beginning to establish a beachhead in wholesale electricity markets, which could accelerate the clean energy transition and have significant implications for the renewable natural gas, hydrogen, and carbon capture and storage technologies initiatives being proposed by the oil and gas industry.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
