News


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News

  • June 07, 2021 7:30 AM | EMA Staff (Administrator)

    (June 7, 2021) - Duke Energy Sustainable Solutions, a nonregulated commercial brand of Duke Energy (NYSE: DUK), today announced the start of construction of the 250-megawatt (MW) Pisgah Ridge Solar project in Navarro County, Texas.

    Once in operation, it will be the largest utility-scale solar facility in Duke Energy Sustainable Solutions’ fleet.

    Read more here: https://news.duke-energy.com/releases/duke-energy-sustainable-solutions-will-build-its-largest-solar-project-to-date-250-mw-pisgah-ridge-solar-in-texas?_ga=2.208288785.2015152719.1623642272-1379663822.1621222004

  • May 28, 2021 9:30 AM | EMA Staff (Administrator)

    (May 28, 2021) - Fitch Ratings has assigned Marex Group plc a BBB- rating with a Stable Outlook.  The rating reflects Marex’s growing earnings, its adequate buffer over regulatory capital requirements and its generally stable and well-managed liquidity profile.

    Read more here: https://www.marex.com/news/2021/05/fitch-assigns-rating-for-marex-group-plc/

  • May 28, 2021 8:00 AM | EMA Staff (Administrator)

    (May 28, 2021) - Companies rarely share their emission data beyond the minimum required by regulation, which varies all over the world. This makes it challenging to calculate the emissions of the world fleet.

    Mercuria takes a step forward as a progressive industry player by increasing transparency of its shipping data and sharing it with the C4IR Oceans flagship project Ocean Data Platform.

    Read more here: https://www.mercuria.com/media-room/community-news/mercuria-joins-c4ir-ocean-increase-fleet-emission-data-transparency

  • May 26, 2021 9:30 AM | EMA Staff (Administrator)

    (May 26, 2021) - Expanding its rapidly growing clean-energy portfolio, Duke Energy has begun construction on the 22.6-MW Speedway Solar power plant in Cabarrus County.

    The project will be owned and operated by Duke Energy Sustainable Solutions, a new commercial brand that includes Duke Energy Renewables. The project was selected as part of the competitive bidding process established by 2017’s landmark solar legislation in North Carolina.

    Read more here: https://news.duke-energy.com/releases/duke-energy-begins-construction-on-22-6-megawatt-cabarrus-county-n-c-solar-project

  • May 24, 2021 8:00 AM | EMA Staff (Administrator)

    (May 24, 2021) - Public Service Enterprise Group (PSEG) announced today that David M. Daly, president of Public Service Electric & Gas (PSE&G), will retire at the end of 2021 after 35 years of service.

    Kim Hanemann, PSE&G’s senior vice president and chief operating officer, will succeed Daly as president and COO, effective June 30, 2021. With her promotion, Hanemann will become the first woman to lead the state’s largest electric and gas utility in its 118-year history. 

    Read more here: https://nj.pseg.com/newsroom/newsrelease224

  • May 19, 2021 2:14 PM | EMA Staff (Administrator)

    On May 14th, The Environmental Markets Association hosted a Member Town Hall to release details on changes within the organization and plans for their 25th year.

    Board Chairperson, Jack Velasquez of Marex Spectron, opened the virtual event and welcomed members back to EMA’s Silver Anniversary highlighting the deep history and impacts from EMA’s members and the environmental markets industry at large. “Our members know these markets the best. Many of us have sat in on legislative meetings or been a part of policy decisions,” said Velasquez.  

    Since 1996, EMA’s mission has focused on promoting market-based solutions to help combat environmental challenges through sound public policy, industry best practices, effective education, and training.

    Mr. Velasquez highlighted the immediate need for action and collaboration, “We are in an integral position to unify and amplify our voices with our market principles. The need for education is greater now than it has ever been before.”

    The Role of Market Principles

    Beyond the mission, the benefits of EMA’s Market Principles continue to shed light on the massive advantages of well designed, policy driven environmental markets. 

    Chairperson Velasquez expanded, “Environmental Markets are accountable and they are enforceable. Their success is trackable. The growth of renewable generation over the course of the last 25 years has been huge. When I started there was under 300 megawatts of wind in the US. The majority of new builds were built on the back of well-designed markets. This is what EMA is about. These are just the environmental benefits. There are massive social benefits that come along with us like job creation and list goes on and on.” 

    EMA’s Role Going Forward

    “The role of the EMA is to give our members a venue to promote this mission and to use the association as a platform to have their voice heard. Whether you're an energy trader, academic, policymaker, or Sustainability Officer, EMA can equip you with the right market principles that will guide you and help you spread our mantra about properly designed environmental markets,” said Velasquez as he encouraged members to re-engage. “This is how we're going to achieve a carbon neutral world and a clean energy infrastructure. Our priorities going forward are to push tradable markets by educating our trading partners and our policymakers, and the universities and colleges that are teaching the future corporate leaders of America.” 

    To watch the full recording of EMA’s Town Hall from May 14, 2021, www.enviromarkets.org/relaunch.

     

     

    About EMA

    The Environmental Markets Association (EMA) is a as a 501(c)(6) not-for-profit trade association representing the interests of companies that are involved in the trading, legislation and regulation of environmental markets. EMA's mission is to promote open, competitive, and tradeable environmental commodity markets and market-based solutions as a long-term, sustainable solution to solve environmental challenges.

    www.enviromarkets.org

  • May 18, 2021 8:30 AM | EMA Staff (Administrator)

    (May 18, 2021) -  Bracewell (UK) LLP has been named a finalist for two awards at the 2021 Legal Business Awards.

    We were named a finalist for Finance Team of the Year for our representation of the winning consortium in connection with the bid for, signing and financial closing of, the $467 million 800.15 MW Al Kharsaah Solar IPP in Qatar.

    We were also shortlisted for US Firm of the Year.

    Read more here: https://bracewell.com/news/bracewell-finalist-two-legal-business-awards

  • May 17, 2021 9:00 AM | EMA Staff (Administrator)

    (May 17, 2021) - Natural gas prices have been hovering near the $3 level these past two weeks, which continues to show some resistance.

    The May natural gas contract rolled off the board at $2.925 per MMBtu, 13% higher than the April natural gas contract. The average NYMEX settlement for 2021 is $2.718 per MMBtu, about 46% above the 2020 average.

    A recovering economy and increased demand for natural gas this winter has fueled the significant year-over-year increase. The June contract moved into the prompt position nearly flat to the May settlement and has bounced around in a tight range these last ten days of trading.

    Read more here: http://www.theenergytrail.com/natural-gas-meets-resistance-at-3-00-mmbtu/

  • May 13, 2021 9:32 AM | EMA Staff (Administrator)

    (May 13, 2021) - Marex has published its inaugural Environmental Social and Governance (ESG) Report, entitled: Cultivating change in commodity markets for a more sustainable future.

    The Firm’s ESG policy focuses on the impact of its actions on clients, employees and communities and on responsible trading, business integrity and the use of technology to promote sustainability and protect the environment.

    Read more here: https://www.marex.com/news/2021/05/marex-publishes-first-esg-report/


  • May 13, 2021 9:30 AM | EMA Staff (Administrator)

    (13 May 2021) - Xpansiv, the global marketplace for Intelligent Commodities™, today published a pioneering Digital Fuels™ Program for the issuance, transaction, settlement, and retirement of evidenced-based environmental, social, and governance (ESG) performance claims associated with fuels.

    The program is designed to provide a rules-based market for all stakeholders—from fuel producers and net-zero buyers to certification bodies, carbon-accounting initiatives, registries, independent-assurance providers, data aggregators, and investors—all seeking to meet growing demand for registered, tradable, intangible assets to differentiate fuels based on ESG performance.

    Read more here: https://xpansiv.com/xpansiv-publishes-digital-fuels-program-to-accelerate-esg-transition-in-fuels-sector/


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