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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. For round two, the Treasury Department is making $6 billion available, with $2.5 billion set aside for projects in energy communities.

Energy 64
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After Pandemic, New York’s Buildings Face Daunting Decarbonization Mandate

GreenTechMedia

Saturday marked the one-year anniversary of the passage of perhaps the most ambitious law ever adopted by a U.S. Local Law 97, one of 10 bills in the sweeping Climate Mobilization Act , requires New York City’s 50,000 largest buildings to reduce their carbon emissions by 40 percent by 2030 and by 80 percent by 2050.

Law 130
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Ohio’s Nuclear and Coal Bailout Bill Survives Court Challenge

GreenTechMedia

An effort to overturn Ohio’s controversial nuclear bailout law via voter referendum suffered a setback this week, after a federal judge denied the group's request for more time to collect signatures to put it before state voters next year. billion from 2009 to 2017, according to the Midwest Energy Efficiency Alliance.

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Lost Decade: How Shell Downplayed Early Warnings Over Climate Change

DeSmogBlog

based Center for International Environmental Law has reported. 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. Multiple enquiries would clear the researchers of any wrongdoing.

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Pipeline Politics Hits Multipolar Realities: Nord Stream 2 and the Ukraine Crisis

DeSmogBlog

Soon after pipeline construction began in 2018, the United States passed a law threatening sanctions on the Swiss ship laying the pipe. The EU, on the other hand, has maintained since 2009 that pipeline operators, in order to encourage market competition, cannot own the gas they carry.

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Big Oil’s Been Secretly Validating Critics’ Concerns about Carbon Capture

DeSmogBlog

The oil major’s “Princeton Carbon Mitigation Initiative” document from April 2016 also concedes that CCS is not faring as well as renewable energy, noting that wind, solar, and vehicle fuel efficiency are taking off while carbon capture, hydrogen, and nuclear power are “faltering.”

Carbon 98
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Rapid Shift to Clean Energy Could Save ‘Trillions.’ But Corporate-Backed Groups Are Fighting the Transition in US Budget Bill

DeSmogBlog

electricity system to roughly 80 percent carbon-free power by 2030, a definition that includes hydro and nuclear power, up from around 40 percent today. The Democrats in Congress are working on legislation that would push the U.S. Coal is not a cost-effective way to generate electricity anymore.”.

Energy 98