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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.

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Tax Credits for Renewables Get Another Shot in Congress

GreenTechMedia

“The market has changed significantly since 2015 — national carbon policy hasn’t materialized, and we have new tariffs significantly raising the cost of wind energy and U.S. Federal tax incentives for renewable technologies like wind and solar have been an indisputable federal policy success.”

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

GreenTechMedia

trillion federal spending and tax extension package negotiated by congressional leaders over the weekend alongside a $900 billion coronavirus relief package. Absent any future changes in law, the PTC will be reduced to zero starting in 2022. These clean energy provisions are included in a $1.4 Action by the U.S.

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How 4 Top US Utilities Are Grappling With the Energy Transition (or Not)

GreenTechMedia

As with most investor-owned utilities, NextEra has been much less supportive of policies that permit its customers to be paid for the solar they put on their roofs. However, with Democrats taking control of the state legislature in November, Dominion's hold on state energy policy has been challenged. Credit: Dominion Energy).

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

Business Green

Barring any late Congressional dramas, President Joe Biden could sign the Inflation Reduction Act (IRA) into law before the week is out, triggering a multi-billion dollar green investment bonanza that promises to drastically accelerate US emissions reduction efforts. Finally climate policy action is getting real," he said.