How U.S. tax law is driving higher transport emissions
GreenBiz
MARCH 12, 2024
The tax code incentivizes the purchase of private jets and large SUVs, which is at odds with U.S. climate priorities.
tax 
Unlocking Opportunities: Exploring Tax Credit Investment and the Vast Potential of the IRA
GreenBiz
MARCH 13, 2024
In this hour-long webcast, you’ll learn about a central mechanism for allocating these incentives is through tax credits and much more.
Investment 
395
395 Investment 395
395 Join 14,000+
Insiders
Sign Up for our Newsletter
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Trending Sources
The power of clean energy tax credits: A 10-year, $1 trillion opportunity
GreenBiz
DECEMBER 13, 2023
Under the Inflation Reduction Act, sustainability professionals can tap into tax credits to boost sustainability budgets.
Sustainability 511
511 
3 ways corporate tax teams are integral for ESG strategy
GreenBiz
SEPTEMBER 13, 2023
Corporate tax teams can help companies seize incentive-fueled investment opportunities and credits meant to fund a transition to clean energy.
Investment 425
425 
UK imposes new carbon tax on imports: what you need to know
GreenBiz
DECEMBER 19, 2023
The United Kingdom announced plans to impose a carbon tax on certain goods exported into the country.
Carbon 432
432 Carbon 432
432 
Aviation fuel tax credits in limbo over accounting dispute
GreenBiz
JULY 25, 2023
The divide is largely over whether sustainable aviation fuel derived from corn-based ethanol and other agricultural crops should qualify for a tax credit created by the Inflation Reduction Act.
Aviation 366
366 
Crux 2023 Clean Energy Transferable Tax Credit Market Intelligence Report
GreenBiz
JANUARY 16, 2024
The 2022 Inflation Reduction Act (IRA) is expected to catalyze $3 trillion of investment in the US over the next 10 years (according to Goldman Sachs), principally through its use of clean energy tax credits, many of which are transferable for the first time. This report — based on $3.5
Energy 305
305 
German CO2 tax will change European waste streams
Envirotec Magazine
OCTOBER 6, 2023
Emissions from facilities like waste incineration will be subject to a CO2 tax of €40/t in the coming year (image credit: aeshnaton , CC BY-NC 2.0 Commentary from recycling company Geminor The national BEHG tax on CO2 emissions, which is likely to be introduced from the new year, will be imposed on the local energy recovery industry.
Waste 244
244 
Comment: New UK tax on plastic packaging seems to be working
Envirotec Magazine
SEPTEMBER 11, 2023
The UK Plastic Packaging tax places a £200 per tonne levy on plastic packaging with less than 30% recycled content. The UK Plastic Packaging tax places a £200 per tonne levy on plastic packaging with less than 30% recycled content. A total of 4,140 companies paid the Plastic Packaging tax over a twelve-month period.
Packaging 262
262 
EV tax credits: A whole lot of speculation, interpretation — and lawsuits?
GreenBiz
APRIL 11, 2023
The Treasury Department's long-awaited guidance on EV tax credit eligibility offers both clarity and confusion.
342 
BP and Shell ‘Shaped’ UK Carbon Tax Proposals, Private Emails Show
DeSmogBlog
MAY 8, 2024
Fossil fuel giants BP and Shell were given “ample opportunity” to privately influence proposals for taxing oil and gas companies that were later backed by the government, new documents reveal. The UK has taxed carbon emissions since 2005, first under an emissions trading scheme created by the European Union.
Carbon 127
127 
The POWER Interview: The IRA’s Impact on Tax Credits, Tax Equity, and Renewable Energy
POWER Magazine
APRIL 29, 2024
The […] The post The POWER Interview: The IRA’s Impact on Tax Credits, Tax Equity, and Renewable Energy appeared first on POWER Magazine. The Inflation Reduction Act (IRA) represents the largest incentive effort for clean energy in U.S.
Energy 78
78 
Proposed Hydrogen Tax Credit Rules a Win for Climate, Industry, Electricity Consumers
NRDC onEarth
DECEMBER 22, 2023
Department of Treasury released its proposed guidance for the Inflation Reduction Act (IRA) federal clean hydrogen tax credits, which are expected to amount to several hundreds of billions of dollars in subsidies for the emerging. WASHINGTON – Today the U.S.
Hydrogen 199
199 
John Cockerill Hydrogen Awarded $34 Million in Tax Credit for the Baytown Gigafactory Project
FuelCellsWorks
MAY 1, 2024
John Cockerill Hydrogen North America has been awarded $34 million in tax credit by the U.S. Department of Energy (DOE) through the 48C Program, a qualifying advanced energy project credit from.
North America 125
125 
Windfall tax weighs heavy on North Sea producers
Financial Times: Energy
MAY 4, 2024
Smaller independent operators say they have taken the brunt of the pain from the 75% tax rate on profits
106 
Hydrogen Industry Pleads for Easier Path to US Tax Credits
FuelCellsWorks
MARCH 28, 2024
tax credits to deploy hydrogen projects urged the Treasury Department this week to ease proposed environmental requirements, warning that they could hinder. WASHINGTON– Some companies planning to use new U.S.
Hydrogen 136
136 Hydrogen 136
136 
DOE Announces Tax Credits to Accelerate Clean Energy
Solar Industry
APRIL 1, 2024
Department of Treasury and the IRS have authorized $4 billion in tax credits for 100 domestic projects aimed at accelerating renewable manufacturing at industrial facilities. The agencies are partnering to implement the Qualifying Advanced Energy Project Tax Credit (48C) funded by the Inflation Reduction Act. billion in tax credits.
Energy 100
100 
In-house apprenticeship programs help contractors capitalize on IRA tax credits
Solar Power World
APRIL 30, 2024
In order for 1-MW and larger solar projects to qualify for the enhanced value of the IRA’s tax credits, they must meet certain prevailing wage and apprentice (PW&A) requirements.
Solar Power 98
98 
Energy storage tax credits in US priced highest among all clean energy types
Energy Storage News
FEBRUARY 16, 2024
Energy storage investment tax credits (ITC) were priced more highly than any other clean energy type in transferability transactions last year, according to a report from tax credit ecosystem Crux which its CEO discussed with Energy-Storage.news.
Energy 128
128 
Taxing big fossil fuel firms ‘could raise $900bn in climate finance by 2030’
The Guardian: Energy
APRIL 28, 2024
Levy on oil and gas majors in richest countries would help worst-affected nations tackle climate crisis, says report A new tax on fossil fuel companies based in the world’s richest countries could raise hundreds of billions of dollars to help the most vulnerable nations cope with the escalating climate crisis, according to a report.
Fossil fuels 110
110 
Tuning homeowners into the IRA’s many tax incentives
Solar Power World
MARCH 21, 2024
Despite the benefits of the Inflation Reduction Act (IRA), a large number of homeowners have not taken advantage of the tax incentives. This presents a unique opportunity for contractors to tie these tax savings into their customer offerings.
Education 96
96 
Planning for ‘Flip Dates’ in Tax Equity Partnerships
POWER Magazine
APRIL 30, 2024
government offers certain benefits to renewable energy projects, primarily in the form of tax credits and depreciation. But the reality is that a growing number of tax-equity partnerships […] The post Planning for ‘Flip Dates’ in Tax Equity Partnerships appeared first on POWER Magazine.
Government 52
52 
Xcel, UND Say Midwest Hydrogen ‘Hub’ at Risk From Tax Credit Rules
FuelCellsWorks
APRIL 12, 2024
A $1 billion federal grant could be in limbo in part because of limits on when companies can receive a hydrogen production tax credit for using nuclear and wind to.
Hydrogen 117
117 Hydrogen 117
117 
New Funding: Biden-Harris Administration Invests $336M to Accelerate Manufacturing of Hydrogen-Electrolyzers Through 48C Tax
FuelCellsWorks
APRIL 19, 2024
The Biden-Harris administration announced today investment tax credits of nearly $336 million under the 48C program would help increase hydrogen facilities for manufacturing equipment. Being supported by key industry players,
Hydrogen 133
133 
Major Hydrogen Project Breaks Ground in Arizona, While Dispute Over Tax Credit Looms
POWER Magazine
MAY 6, 2024
An Australia-based global metal mining and green energy company has broken ground on a major hydrogen production project in Arizona, part of what the group’s founder said could be several […] The post Major Hydrogen Project Breaks Ground in Arizona, While Dispute Over Tax Credit Looms appeared first on POWER Magazine.
Hydrogen 78
78 
Plus Power secures US$82 million tax equity investment for Arizona BESS
Energy Storage News
MAY 2, 2024
Battery energy storage system (BESS) developer-operator Plus Power has received a US$82 million tax equity investment from bank Morgan Stanley for an Arizona project.
Investment 73
73 
Fossil tax tweak promises to squeeze more money from gas super profits
Renew Economy
JANUARY 14, 2024
Federal treasurer Jim Chalmers says proposed changes to the PRRT will mean the offshore gas industry "pays more tax sooner." The post Fossil tax tweak promises to squeeze more money from gas super profits appeared first on RenewEconomy.
Government 121
121 Government 121
121 
ENGIE Completes $1B Tax Equity Financing for U.S. Renewables
Solar Industry
FEBRUARY 27, 2024
ENGIE North America has completed more than $1 billion of tax equity financing to fund a portfolio of recently commissioned renewable projects in the U.S. GW of these projects represents one of the largest tax equity financing arrangements for the company so far. “We The post ENGIE Completes $1B Tax Equity Financing for U.S.
North America 109
109 
Feds Release Final Rules on Clean Energy Tax Credits
POWER Magazine
APRIL 26, 2024
Renewable energy project developers now have important clarification about the transferability of clean energy tax credits, as the U.S. and the Internal Revenue Service (IRS) released final rules […] The post Feds Release Final Rules on Clean Energy Tax Credits appeared first on POWER Magazine. Treasury Dept.
Energy 59
59 
IRA-backed program commits $4 billion in tax credits for 100 green projects
Impact Alpha
APRIL 2, 2024
The tax credits for more than 100 projects in 35 states are backed by the Qualifying Advanced Energy Project Credit (48C) program, which. The post IRA-backed program commits $4 billion in tax credits for 100 green projects appeared first on ImpactAlpha.
Energy 105
105 
“Just get it done:” Survey finds public support for tax on fossil exports
Renew Economy
FEBRUARY 14, 2024
New survey finds strong public support for The Superpower Institute's proposal to bring back a carbon tax. The post “Just get it done:” Survey finds public support for tax on fossil exports appeared first on RenewEconomy.
Carbon 107
107 
Advanced Power Announces Investment Tax Credit Purchase
Solar Industry
JANUARY 4, 2024
Advanced Power has purchased renewable energy investment tax credits, made available through the development of rooftop solar facilities offered for sale by a third party. The post Advanced Power Announces Investment Tax Credit Purchase appeared first on Solar Industry.
Investment 108
108 
First Solar Enters Tax Credit Transfer Agreements With Fiserv
Solar Industry
DECEMBER 27, 2023
First Solar has entered into two separate tax credit transfer agreements to sell $500M and up to $200M of 2023 Inflation Reduction Act Advanced Manufacturing Production tax credits to Fiserv, subject to satisfaction of certain conditions. Under the terms of the agreements, Fiserv will pay $0.96
Innovation 105
105 Innovation 105
105 
Treasury Department, IRS Release Final Rules on Clean Energy Tax Credits
Solar Industry
MARCH 5, 2024
Department of the Treasury and IRS have released final rules on Inflation Reduction Act provisions that aim to expand the reach of the clean energy tax credits. The post Treasury Department, IRS Release Final Rules on Clean Energy Tax Credits appeared first on Solar Industry.
Energy 105
105 
Revealed: The Oil and Gas Lobbying Campaign to Water Down Windfall Tax
DeSmogBlog
OCTOBER 24, 2023
The UK government’s weakening of its windfall tax on energy profits matched the demands of a high-level lobbying campaign by the oil and gas industry, new research reveals. Then chancellor Sunak said the windfall tax would raise around £5 billion over the next year to help with cost of living.
Fossil fuels 138
138 
energyRe Secures Financing, Tax Equity Commitment for Lone Star Project
Solar Industry
APRIL 29, 2024
energyRe has secured $155 million in project financing and a $85 million tax equity commitment for its 108 MW Lone Star Solar project and 198 MW BESS, located in South Carolina. Bank of America has committed the tax equity. The transaction was led by the energyRe M&A and Investments teams.
Construction 64
64 
First Solar inks up to US$700 million tax credit transfer agreement on Section 45X
PV Tech
JANUARY 2, 2024
First Solar has entered into two separate tax credit transfer agreements to sell US$500 million and up to US$200 million of advanced manufacturing production tax credits to finance tech company Fiserv.
114 
'Climate Damages Tax': Fossil fuel levy could raise $720bn to tackle climate crisis
Business Green
APRIL 28, 2024
Campaign groups propose tax on fossil fuel extraction to help bridge climate funding gap through to the end of the decade
Fossil fuels 101
101 Fossil fuels 101
101 
US Treasury and IRS provide additional guidance for 45X manufacturing tax credit for batteries
Energy Storage News
DECEMBER 18, 2023
More detailed proposed regulations around the US government's 45X tax credit for domestic clean energy manufacturing have been released, clarifying what battery components and materials qualify.
Batteries 126
126 
Nautilus Solar, Foss & Company Announce $72M Tax Equity Partnership
Solar Industry
JANUARY 26, 2024
The post Nautilus Solar, Foss & Company Announce $72M Tax Equity Partnership appeared first on Solar Industry. “This partnership not only reinforces our commitment to advancing a cleaner, more resilient energy sector but also expands the reach of community solar across numerous US markets.
Resilience 111
111 
Glover Creek Solar Nets $100 Million in Tax Equity Financing
Solar Industry
OCTOBER 12, 2023
KeyState Renewables and Monarch Private Capital have closed nearly $100 million in tax equity financing with North Carolina-based Pine Gate Renewables on the Glover Creek solar project near Bowling Green, Ky. KeyState Renewables launched its tax equity platform, SOLCAP, with Corner Power in 2019.
Construction 115
115 
Miners seek share of tax relief to dig for net-zero
Renew Economy
FEBRUARY 4, 2024
The post Miners seek share of tax relief to dig for net-zero appeared first on RenewEconomy. Nickel and lithium producers warn the slump in prices is crushing net-zero dreams, terminating more than 1000 jobs and mothballing projects.
Lithium 117
117 
Greens propose gas tax “with teeth” that could deliver $95bn in revenue
Renew Economy
APRIL 14, 2023
The Greens say a gas tax that “actually works” could raise $94.5 billion in the coming decade, in new push for reform of the Petroleum Resource Rent Tax. The post Greens propose gas tax “with teeth” that could deliver $95bn in revenue appeared first on RenewEconomy.
Government 130
130 Government 130
130 
Oris Energy Secures $317 in Project Tax Equity From J.P. Morgan
Solar Industry
JANUARY 24, 2024
Origis Energy has secured $317 million in project tax equity funding from J.P. The tax equity agreement leverages both the Investment Tax Credit and the Production Tax Credit incentives of the Inflation Reduction Act. The post Oris Energy Secures $317 in Project Tax Equity From J.P. Morgan’s counsel.
Energy 102
102 
Let's personalize your content