Market Moves: Energy - Mar 22nd, 2024
 
 
Is it time to give up on the energy transition?
Market Moves: Energy | View online
 
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March 22, 2024
From the Editor

Earlier this week, the EPA officially eased rules around tailpipe emissions to gradually drive up EV demand. A recent World Meteorological Organization report showed 2023 to be the hottest year on record, and demand for fossil fuels is expected to keep rising for the near future. In the words of a CEO in our top story: “The current transition strategy is visibly failing.” In this edition of Market Moves Energy, we’ll lightly examine the truth of that statement (at least in the U.S.) by looking at a recent SEC rule, the challenges facing the electricity industry, recent developments in hydrogen fuel cell vehicles, and more. 

- Jennifer Ramsay

 

With fossil fuel demand expected to rise, Amin Nasser believes the focus should be on reducing oil and gas emissions.
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Emission reports will begin in fiscal years 2026 and 2028 for large and midsized companies.
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Capital constraints and other factors could pose significant challenges to a smooth ramp-up.
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The sector has been a target for over 25 years, but the government is just waking up to the threat.
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The funding will go to projects in 23 states and help over 2 million people.
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New data center models use microgrids and clean energy to provide flexibility that reduces grid stress.
A Honda hydrogen fuel cell.
HFCVs are gaining momentum in the United States as OEMs and startups invest research into them.

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