ICF International (NASDAQ:ICFI), a leading provider of consulting services and technology solutions to government and commercial clients, has released its Integrated Energy Outlook for the second quarter of 2011. The study highlights the near-term impacts of global economic recovery on U.S. energy markets and examines the implications of lower CO2 prices on the long-term energy outlook.
The Energy Outlook notes that the Environmental Protection Agency (EPA) has released proposals for the Clean Air Transport Rule (CATR), the Air Toxics Rule, coal combustion residuals, and cooling water intake structure standards. Although the combined impact of the rules remains uncertain, the regulations could lead to up to 40 GW of coal plant retirements in the next decade. Contrary to some projections that indicate environmental regulations will severely impact U.S. coal production, ICF projects that U.S. coal production will be maintained at more than 1 billion tons per year in the long-term despite the projected retirement of nearly 40 GWs of coal-fired electric generation in response to new environmental regulations and relatively low natural gas prices. The study also finds that increasing demand for renewable energy credits (REC) along with the loss of key federal incentives will cause REC prices in eastern states to rise sharply over the next 15 years. Similarly, California will fall short of the state’s bundled interim requirements through 2016, maintaining upward pressure on delivered REC prices.
ICF’s Integrated Energy Outlook addresses a number of significant issues, including:
Using a suite of proprietary analytical tools, ICF has fully integrated assessment of wholesale power, transmission, fuel, and emissions markets in order to offer the most complete picture of the energy industry. By incorporating global expertise from all areas of the industry, the Outlook is able to provide big picture insights about these volatile energy markets, as well as market-specific projections and forecasts. For example, the Outlook shows a significant shift, driven by expected carbon controls, to renewables and natural gas, which will dramatically affect wholesale power competitive landscape.
The Outlook offers insight into the key areas of emissions, gas, coal, renewable energy, and power:
Additional projections include:
For more information regarding the second quarter release of ICF’s Integrated Energy Outlook, please register for our webinar, scheduled for Tuesday, July 12th: http://www.icfi.com/energywebinar
For more information:
ICF International: http://www.icfi.com
ICF Energy Overview: http://www.icfi.com/energy
ICF Integrated Energy Outlook: http://www.icfi.com/energyoutlook
About ICF International
ICF International (NASDAQ:ICFI) partners with government and commercial clients to deliver professional services and technology solutions in the energy, environment, and transportation; health, education, and social programs; and homeland security and defense markets. The firm combines passion for its work with industry expertise and innovative analytics to produce compelling results throughout the entire program lifecycle, from research and analysis through implementation and improvement. Since 1969, ICF has been serving government at all levels, major corporations, and multilateral institutions. More than 3,700 employees serve these clients worldwide. ICF's website is http://www.icfi.com.
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