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Treasury Department Unveils Final Rule Regarding Transferability of Clean Energy Tax Credits

38 North Solutions

The purchase of the credit must be in cash, and the IRS will negate any tax credit sale where the buyer pays the purchase price only partly in cash. NOTE: Any transactions where the cash paid is less than the market value, the IRS may contend that the seller received something other than cash and negate the sale.

Energy 69
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UK’s Power Sector in Negative Emissions by 2033, Grid Operator Says

GreenTechMedia

’s power sector will be operating on a negative-emissions basis by 2033 at the latest if the country sticks to its plan to reach net-zero emissions across the economy by 2050, according to system operator National Grid ESO. actually hitting its targeted carbon reductions. Unabated natural-gas use will be halved by 2038.

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The story of how Britain's energy transition could unfold, told in 10 charts

Business Green

From 2047 onwards, the energy system could then become net negative, absorbing more emissions than it produces through a mix of carbon capture technologies and solutions, which operate on both a standalone basis and while attached to power stations. Systems thinking is critical to delivering a low-carbon economy.

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? 2023’s Most Headliney-Headlines #178

Climate Tech VC

🔑 Climate tech startups hit key milestones - including but not limited to - Fervo’s FOAK enhanced geothermal project operational in Nevada, Brimstone’s third-party approval of its carbon-negative cement, and Heirloom’s first commercial DAC plant.  ☢️ US nuclear power saw mixed results.

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The problem with COP26

Low Impact

Has there been any progress in reducing global carbon emissions since Paris in 2015? The graph at the top shows the trajectory of global carbon emissions (and this is without the land-use figures), so no. And it’s not all about carbon emissions. These things cause negative feedback loops that make all problems worse.

COP 113
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It's time to fill the empty chair at COP26

Business Green

Even more worrying is a fact David Wallace-Wells points out in his best-selling book Uninhabitable Earth : more than half of the carbon emitted in the atmosphere today was emitted in the past 30 years. For nearly two decades nuclear power had been officially excluded from the multilateral UN climate negotiations process.

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? Charting a course to curb maritime emissions

Climate Tech VC

Energy Efficiency Existing Ship Index (EEXI) and Carbon Intensity Indicator (CII): Adopted in 2021 through the IMO , these measurements build on prior standards and became mandatory beginning Jan 1, 2023. IMO will assign a CII rating, with A being the best, least carbon-intensive and E being the worst, most carbon-intensive.