DOE, UTILITY CLIMATE PACT OMITS ENDORSEMENT OF REGULATORY CREDITS

The Department of Energy and the electricity utility sector have signed an agreement on voluntary greenhouse gas cuts that omits language from an earlier proposal which would have committed the department to awarding emission-reduction credits for any future regulations as part of a climate change registry being revamped by the agency. An industry source says the agreement is separate from an ongoing process for revising guidelines on the so-called 1605(b) registry, but the omission nevertheless underscore DOE's reluctance to adopt...