article thumbnail

4 Climate Stories that Will Define 2024

The City Fix

Last year shattered global heat records. The world witnessed the effects of rising temperatures in the form of devastating wildfires, severe flooding, extreme heatwaves and more. Poor countries and communities who have contributed the least to causing the climate crisis.

article thumbnail

Solar, Wind Tax Credit Extensions and Energy R&D Package in Spending Bill Before Congress

GreenTechMedia

Congress is under pressure to pass both bills Monday to ensure continued funding of the federal government and complete a politically pressing extension of coronavirus pandemic relief measures passed in March. Geothermal energy research will get $850 million, and hydropower and marine power will get $933 million.

Packaging 130
Insiders

Sign Up for our Newsletter

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

article thumbnail

Duke Energy Will Play ‘Pivotal Role’ in North Carolina Clean Energy Debate, CEO Says

GreenTechMedia

Duke Energy’s $58 billion capital plan through 2024 is already heavily weighted toward decarbonizing its generation fleet as part of its pledge to reach net-zero carbon emissions by 2050 , CEO Lynn Good said during Thursday's earnings conference call. Duke’s long-range plans and looming home-state political decisions.

article thumbnail

Inflation Reduction Act: 10 ways it will turbocharge US climate action (and one way it won't)

Business Green

Firstly, current federal tax credits for developing onshore and offshore wind, solar, biomass, landfill gas, waste-to-energy, hydropower, geothermal, and marine renewable power projects - which had faced cuts from 2022 - are to be extended until 2025 under the Act. Clean power producers would be eligible to receive 1.5