The five members of the U.S. Federal Energy Regulatory Commission (FERC) on Monday unanimously rejected a Notice of Proposed Rulemaking from the Department of Energy (DOE) to change its rules to help coal and nuclear plants in the electricity markets FERC oversees (subscription). Instead it opened a new proceeding in which it calls on regional transmission organizations (RTOs) and independent system...
China, the world’s top polluter, unveiled plans for an emissions trading scheme on Tuesday. This carbon market, which would allow facilities to trade credits for the right to emit planet-warming greenhouse gases, would initially start with China’s power sector. It would include approximately 1,700 utilities that each emit more than 26,000 tons of carbon a year—adding up to more than 3 billion...