article thumbnail

Treasury Department Announces Second Round of Section 48C Tax Credit for Clean Energy Manufacturing Facilities

38 North Solutions

Overview When Congress passed the Inflation Reduction Act of 2022 (IRA), it reinstated (and expanded) the Section 48C tax credit from the American Recovery and Reinvestment Act of 2009. Refurbishes an industrial or manufacturing facility with equipment designed to reduce GHG emissions by at least 20 percent through the installation of: a.

Energy 63
article thumbnail

A Nordic energy giant shows how a carbon turnaround happens

Business Green

The company recorded profits of $2.74bn in 2020, with many new projects in the pipeline in the coming decade - including large developments in solar power, onshore wind and green hydrogen. "I France built nuclear power. Iceland tapped geothermal. The US ultimately found fracking. Denmark looked to offshore wind.

Carbon 100
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

IEA sketches out vision for $1tr a year global green stimulus

Business Green

The IEA said its plan was designed to avoid the kind of sharp rebound in carbon emissions that accompanied the economic recovery from the 2008-2009 financial crisis and instead put global emissions into structural decline.

article thumbnail

A 21st-century reinvention of the electric grid is crucial for solving the climate change crisis

Renewable Energy World

Then, beginning around 2009, first wind turbines and then solar photovoltaic panels decreased enough in cost to become competitive in electricity markets. Beginning in 1958, these were augmented by nuclear power plants, which have operated nearly continuously to pay off their large capital investments.

article thumbnail

'We are the good guys': IRENA's Francesco La Camera on hydrogen, nuclear, and the energy crisis

Business Green

Director-general of the clean energy agency offers his thoughts on the energy crisis, green and blue hydrogen, and why renewables must be the priority in the 2020s. On green and blue hydrogen. BusinessGreen was there to listen in on what the self-styled 'good guys' of the global energy transition are currently thinking.

article thumbnail

Lost Decade: How Shell Downplayed Early Warnings Over Climate Change

DeSmogBlog

Much later, the unit would be embroiled in the manufactured “ ClimateGate ” scandal, after an unknown hacker published a cache of emails from its scientists in November, 2009. All shared Wilson’s goal of producing an authoritative account for governments on how the world could power itself to the end of the century. “New

article thumbnail

? Old nuclear, new-clear #161

Climate Tech VC

The US grid got its first new nuclear power in nearly seven years last week. Plant Vogtle began commercial operations from the first of two new reactors, but the over-budget and years-delayed project could be the last hurrah for big nuclear construction in America. Source: DOE The big implications of US clean hydrogen rules.