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Fresh U.K. Proposals Chase More Nuclear and Higher Carbon Prices

GreenTechMedia

government’s long-awaited energy white paper is out with confirmation of fresh negotiations with EDF over a new nuclear power station and a drive to push up the price of carbon. Those ideas now begin their journey into law, offering the energy sector some welcome certainty at the same time. The £12 billion ($16.1

Carbon 130
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Treasury Department Announces Second Round of Section 48C Tax Credit for Clean Energy Manufacturing Facilities

38 North Solutions

Expired since 2013, the law provides $10 billion in credits for qualifying advanced energy projects, $4 billion of which must be allocated projects located in energy communities. However, this would only apply to the facility in question, meaning a company could use 48Cfor one facility, and 45X for another. What Projects Are Eligible for 48C?

Energy 63
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Energy Innovation Policy & Technology® and RMI Launch 48 U.S. State EPS Models

Energy Innovation

Only existing state laws and regulations as of January 2023 are included in the model. A Clean Electricity Standard requires retail electricity utilities to meet electricity sales with qualifying clean electricity sources, typically solar, wind, hydro, geothermal, and nuclear power.

Policy 52
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The future of clean hydrogen in the US could hinge on a new tax credit

The Verge: Energy

. | Photo by Elizabeth Flores/Star Tribune via Getty Images The Biden administration proposed new tax guidelines today aimed at making it cheaper to produce hydrogen as a less-polluting alternative to fossil fuels. Hydrogen combustion releases water vapor, rather than planet-heating carbon dioxide emissions.

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What is in the Inflation Reduction Act of 2022? We summarize.

38 North Solutions

Current law taxes the performance-based compensation paid to managers of certain investment partnerships at long-term capital-gains rates rather than as ordinary income provided that a three-year holding period is met. Should this bill become law, from 2022-2024, these credits are extended and restored to their full value. 13101/ SEC.

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? US clean investment cleans up with $239bn #187

Climate Tech VC

  In other news the EU parliament passed a law to restore 20% of the EU’s land and sea by 2030, England requires all new buildings to improve biodiversity, and the US Congress finds something they can agree on with nuclear policy, while the SEC may be set to announce watered down rules on reporting. Energy & industry.

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The Net Zero Review: Everything businesses need to know

Business Green

It is a far from unsurprising message from Skidmore, who having signed the 2050 target into law, has long been a staunch advocate for an ambitious net zero agenda. Clear roadmaps should also be developed for different nuclear technologies, such as small modular reactors.